Award

Investment Management Consultancy Services

N I LOCAL GOVERNMENT OFFICER SUPERANNUATION COMMITTEE

This public procurement record has 1 release in its history.

Award

12 Jun 2025 at 13:10

Award Notice
Summary of the contracting process

The procurement process for "Investment Management Consultancy Services" has been successfully completed by the N I Local Government Officer Superannuation Committee (NILGOSC), headquartered in Belfast, Northern Ireland. This contract sought expert investment advisory services tailored to public sector pension schemes. The procurement was conducted using a selective method, specifically a call-off from a framework agreement under the National LGPS Framework reference NCCT42289. Key services included consultancy for setting investment objectives, asset allocation, and performance measurement. The tender period concluded on 11 November 2024, with the contract commencing on 10 April 2025 and scheduled to end on 31 March 2032. The procurement falls under the "Pension fund consultancy services" category, CPV code 66523000.

This tender presents substantial opportunities for business growth, particularly for large firms possessing the requisite authorisation and expertise in investment advisory services within the UK. Companies specialising in providing strategic advice, asset management, and those accustomed to engaging with public sector entities will find this opportunity especially suitable. The appointed supplier, Isio Group Limited, can leverage its expertise to foster long-term relationships with NILGOSC through continued advisory roles and performance monitoring over the contract's seven-year period. This contract also underscores the importance of adherence to professional standards and familiarity with government legislation, appealing to businesses with strong regulatory and compliance backgrounds.

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Notice Information

Notice Title

Investment Management Consultancy Services

Notice Description

NILGOSC wishes to appoint an Investment Advisor who will be the principal source of expert advice to the Officers and the Management Committee (the Committee). The Supplier must be authorised to provide investment advisory services within the United Kingdom and demonstrate that it provides such services in accordance with the relevant professional standards. The Supplier must be able to provide advice in respect of the following areas in line with NILGOSC's status as a public sector pension scheme and non-departmental public body: * Setting appropriate investment objectives and an investment strategy to deliver the objectives * Asset Allocation * Statement of Investment Principles * Investment Manager Research and Selection * Investment Manager Monitoring * Performance Measurement and Evaluation * Global Custody * Responsible Investment * Additional Voluntary Contribution Investments The Supplier will possess an up-to-date knowledge and understanding of all relevant government legislation, codes of practice, guidance issued by United Kingdom and Northern Ireland Government Departments and professional bodies and issues both nationally and locally. The Supplier will be expected to appoint a nominated Lead Investment Advisor (the Advisor) who will have lead responsibility for delivering the requirements of the investment advisory service. The Advisor will liaise with and provide advice and information to NILGOSC's executive Officers (the Officers) and will report at Management Committee meetings. The Advisor, supported by an experienced team with investment advisory expertise, will be required to provide information and guidance on issues that impact on the Fund. The Advisor will also be required to draw to NILGOSC's attention any relevant issues, and to identify developments and changes required, to ensure that NILGOSC is kept informed of, and is compliant with best practice. The Advisor will also be required to advise on NILGOSC's Statement of Investment Principles (SIP) and to assist with implementation of changes to the asset allocation, if required. The Advisor will be required to prepare for and attend quarterly Committee meetings or more often as required. The Advisor will also be required to prepare for and attend a triennial strategic review with the Committee and Officers to review the investment strategy and asset allocation for the Fund, or other relevant issues as required. Proposals are invited for the supply of Investment Consultancy Services (Lot 1); Manager/Fund Search, Selection, Monitoring and Review Services (Lot 2); and Investment Management Consultancy Related Specialist Services (Lot3) under the National LGPS Framework reference NCCT42289. This contract will be awarded under the terms and conditions of the Framework and variations to the Call-Off Terms and Conditions attached will be considered and accepted or rejected, at the discretion of NILGOSC. NILGOSC wishes to appoint a single provider.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ad816f06-f061-42cb-9ebb-8d2ce57439a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/340db1cd-9671-473a-8057-807e905f6f0e
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jun 20258 months ago
Submission Deadline
11 Nov 2024Expired
Future Notice Date
Not specified
Award Date
9 Apr 202510 months ago
Contract Period
9 Apr 2025 - 31 Mar 2032 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
N I LOCAL GOVERNMENT OFFICER SUPERANNUATION COMMITTEE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT4 2LP
Post Town
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland
Local Authority
Belfast
Electoral Ward
Belmont
Westminster Constituency
Belfast East

Supplier Information

Number of Suppliers
1
Supplier Name

ISIO GROUP

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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