Tender

Northamptonshire County Council Independent Investment Adviser to The Northamptonshire Pension Fund

NORTHAMPTONSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Nov 2020 at 16:16

Tender Notice
Summary of the contracting process

The Northamptonshire County Council is currently undertaking a procurement process for an Independent Investment Adviser to support the Northamptonshire Pension Fund. The tender is classified under the industry category of 'Insurance and pension services', with a total contract value of £150,000, scheduled to commence on 1st February 2021 and concluding on 31st January 2026. The procurement is being conducted through an open procedure, with the tender period concluding on 4th December 2020. The service will be delivered in the East Midlands region of the United Kingdom.

This tender presents a significant opportunity for businesses specialising in financial consultancy services, particularly those with experience in pension fund advice or investment management. Small and medium enterprises (SMEs) are encouraged to participate, as the nature of the work may benefit from fresh insights and innovative strategies. Firms equipped with expertise in navigating the complexities of Local Government Pension Schemes (LGPS) will be well-suited to compete for this contract, aiding in the evolution of the Northamptonshire Pension Fund's investment strategy.

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Notice Information

Notice Title

Northamptonshire County Council Independent Investment Adviser to The Northamptonshire Pension Fund

Notice Description

Northamptonshire County Council Independent Investment Adviser to The Northamptonshire Pension Fund. Northamptonshire Pension Fund's investment strategy continues to evolve to meet the Fund's objectives whilst managing an appropriate level of risk. As dictated by the LGPS Investment Regulations, the Fund takes "proper advice" from its Investment Consultants Mercer Ltd Whist the ISC receive comprehensive briefing and training from Mercer, in this increasingly complex environment, it is suggested that members would find it beneficial to have a second opinion from an Independent Adviser with industry experience (gained either as a fund manager or a senior LGPS officer). This would provide a different insight into investment solutions and knowledge of what products and solutions are being adopted by other LGPS funds (who are not Mercer clients). It is also common practice within LGPS Funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8913b103-3a22-46c9-9b8e-1a4a521f873c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/60a95690-5cf6-403d-9332-1ee8463d51ea
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20205 years ago
Submission Deadline
4 Dec 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2021 - 31 Jan 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTHAMPTONSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORTHAMPTON
Postcode
NN1 1ED
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF24 West Northamptonshire
Delivery Location
TLF East Midlands (England)
Local Authority
West Northamptonshire
Electoral Ward
Castle
Westminster Constituency
Northampton North

Further Information

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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