Award

LGPS Central Recruitment

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 3 releases in its history.

Award

19 Jun 2017 at 13:31

Award Notice
TenderAmendment

19 Jun 2017 at 13:22

Tender Notice
Tender

28 Mar 2017 at 13:58

Tender Notice
Summary of the contracting process

The procurement process for "LGPS Central Recruitment" is being conducted by Wolverhampton City Council, focusing on recruitment services for an alternative investment manager that will oversee assets for nine Midlands-based Local Government Pension Funds, with combined assets of around £40 billion. The current stage is the Award, having been published on 28 March 2017, with a submission deadline that was set for 20 April 2017. The contract period is expected to start from 2 May 2017 and run until 31 July 2017, specifically in the West Midlands region of the United Kingdom. The tender involves an open procurement method, with two distinct lots available for bids: one for Compliance/Legal/Risk positions and another for IT roles.

This tender represents a significant opportunity for executive search firms and recruitment agencies specialising in financial and compliance roles, particularly those with experience in working with regulated entities. Businesses that can demonstrate their ability to source and place suitable candidates for high-level executive positions would be particularly well-suited to compete for this contract. The successful firms will play a critical role in shaping the operational and investment performance of LGPS Central, potentially leading to further contract opportunities in a growing market associated with local government funds management.

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Notice Information

Notice Title

LGPS Central Recruitment

Notice Description

LGPS Central Ltd. has been set up to manage the assets of 9 Midlands-based Local Government Pension Funds on a pooled basis, in line with the wishes and expectations of Central Government. The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date. The Funds currently have combined assets of c. PS40bn. LGPS Central will become an Alternative Investment Manager, and as such will be regulated by the Financial Conduct Authority (FCA). As a result some of the roles within the organisation will require 'approved person' status by the FCA. In order to ensure that the pool offers the Pension Funds both operational and investment performance excellence LGPS Central is looking to appoint individuals to three keys positions, split into two different lots (one for the Compliance/Legal/Risk posts and one for IT). Executive Search Firms are being sought to assist in the recruitment of these skilled individuals. Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions. The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool, and the individuals are expected to be key in building the processes and operational capabilities of the company. Submissions are sought from Executive Search Firms that have the experience and market presence to assist LGPS Central in the appointment of these key individuals, with a deadline for their return of 20 April 2017. These submissions should not stretch to more than eight pages of A4, although CV's of the key individuals that will be responsible for the search may be added as appendices. Appointment(s) to the tender are expected to be made on or around 28 April 2017. The appointments are split into 2 Lots: Lot 1 - Chief Risk Officer (1) and Head of Legal/Compliance (1) Lot 2 - Head of Information Technology (1) There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both. Additional information: Submissions must be made via the e-tendering portal. Please allow sufficient time for uploading your response (closes at 12 noon).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b5fc8223-71af-44c9-a6ad-f0eb0ebb6148
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b6322e02-135d-4535-b7de-7569b0eb7568
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79600000 - Recruitment services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£16,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Jun 20178 years ago
Submission Deadline
20 Apr 2017Expired
Future Notice Date
Not specified
Award Date
18 Jun 20178 years ago
Contract Period
19 Jun 2017 - 29 Sep 2017 1-6 months
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
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

HAYS

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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