Award

Asset transition to LGPS Central (Pension Fund)

LEICESTERSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

12 Aug 2021 at 11:45

Summary of the contracting process

Leicestershire County Council initiated a tender resulting in the award of a contract for "Asset transition to LGPS Central (Pension Fund)," which involved procuring pension fund consultancy services. The direct procurement method was employed to facilitate a smooth transition of assets from Legal and General to LGPS Central. The contract, valued at £160,000, was awarded on November 11, 2020, following a tender period that ended on November 10, 2020. The contract period is specified from November 19, 2020, to January 30, 2021, within the locality of Leicester, England.

This procurement presents significant opportunities for businesses in the consultancy sector, particularly those specialising in pension fund management and asset transition services. Small and Medium Enterprises (SMEs) are encouraged to explore participation, as the contracting authority shows an interest in engaging with them. Firms that can demonstrate expertise in financial advisory, investment allocation, and asset management will be well-suited to compete for similar contracts and potentially expand their reach within the public sector.

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Notice Title

Asset transition to LGPS Central (Pension Fund)

Notice Description

A transition manager to assist with the Pension Fund transitioning assets from Legal and General to LGPS Central (the investment pooling company LCC part owned) Contract awarded in line with LCC contract procedure rules.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99cf9297-4481-4cb7-8764-71276dc79475
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/19c4ab67-5a2c-4089-ae94-594cab9667b3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
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
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
£160,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20214 years ago
Submission Deadline
10 Nov 2020Expired
Future Notice Date
Not specified
Award Date
11 Nov 20205 years ago
Contract Period
19 Nov 2020 - 30 Jan 2021 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LEICESTERSHIRE 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
LEICESTER
Postcode
LE3 8RA
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Blaby
Electoral Ward
Glenfield Faire
Westminster Constituency
Mid Leicestershire

Supplier Information

Number of Suppliers
1
Supplier Name

LGPS CENTRAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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