Award

Investment Management Consultancy Services

LONDON BOROUGH OF HILLINGDON

This public procurement record has 1 release in its history.

Award

01 Oct 2018 at 13:40

Summary of the contracting process

The London Borough of Hillingdon is seeking to appoint an investment consultant to provide investment management consultancy services for the London Borough of Hillingdon Pension Fund. This contract, valued at £210,000, is part of the Local Government Pension Scheme and falls within the pension fund consultancy services category. The procurement process, which has now completed the award stage, was conducted through a selective method and involved a call-off from a framework agreement. The contract period commenced on 1st August 2018 and will conclude on 31st July 2021, with all tender submissions required by 23rd April 2018.

This opportunity presents significant prospects for growth for consultancy firms specialising in investment management and pension fund advisory services. Businesses with expertise in these areas, particularly those with a track record of working with public sector pension schemes, would be well-suited to engage in such tenders. The awarding of this contract to KPMG highlights the competitive nature of the field and the importance of robust consultancy services to local authority pension funds.

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Notice Title

Investment Management Consultancy Services

Notice Description

London Borough of Hillingdon acts as administering authority for the London Borough of Hillingdon Pension Fund, which is part of the Local Government Pension Scheme. The Pensions Committee is responsible for all decisions concerning pensions and pension fund policy and strategy. They have a role similar to that of a Board of Trustees of a private sector fund. The authority is seeking to appoint an investment consultant to supply investment consultancy services to the Fund.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-68a5cf44-9898-4fbb-96b2-a74ba9012d83
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4c1c2c1a-f36e-407f-9fe8-0d50685d8341
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£210,000 £100K-£500K
Lots Value
Not specified
Awards Value
£210,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Oct 20187 years ago
Submission Deadline
23 Apr 2018Expired
Future Notice Date
Not specified
Award Date
17 Jul 20187 years ago
Contract Period
31 Jul 2018 - 31 Jul 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HILLINGDON
Contact Name
Allison Mayo
Contact Email
amayo2@hillingdon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
UXBRIDGE
Postcode
UB8 1UW
Post Town
Southall
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI74 Harrow and Hillingdon
Delivery Location
Not specified

Local Authority
Hillingdon
Electoral Ward
Uxbridge
Westminster Constituency
Uxbridge and South Ruislip

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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