Award

CST004 Derbyshire Pension Fund External Advisor

DERBYSHIRE COUNTY COUNCIL

This public procurement record has 3 releases in its history.

Award

19 Jul 2022 at 12:58

Award Notice
Tender

09 Feb 2022 at 16:45

Tender Notice
Tender

09 Feb 2022 at 15:06

Tender Notice
Summary of the contracting process

Derbyshire County Council is seeking an external advisor for the Derbyshire Pension Fund, managing assets of approximately £6.3 billion. The procurement process, initiated through an open tender, aims to appoint a new advisor before the end of June 2022, as the current contract concludes on 30 June 2022. The successful bidder will enter a contract beginning 1 July 2022, lasting for three years with potential annual extensions up to a total of five years. The tender period ends on 18 March 2022.

This tender presents a significant opportunity for firms specialising in pension investment and portfolio management services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to apply, benefiting from the open procedure's inclusivity. Engaging in this contract can help businesses enhance their visibility and expertise in the public sector, thereby fostering further competitive advantage in similar procurement processes.

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Notice Information

Notice Title

CST004 Derbyshire Pension Fund External Advisor

Notice Description

The Derbyshire Pension Fund (DPF or the Fund), administered by Derbyshire County Council (the Council), has assets under management of around PS6.3bn. There are approximately 330 employers in the Fund, including Derbyshire County Council, Derby City Council, all the district and borough councils in Derbyshire, Peak District National Park Authority, Derbyshire Police Authority, Derbyshire Fire Authority, Derby College, Chesterfield College, University of Derby, a host of town and parish councils and a large group of smaller employers via admission arrangements. At 31 December 2021, the Fund had 104,000 member records, comprising 38,000 active records, 33,000 deferred beneficiary records and 33,000 records in respect of members in receipt of a pension. The fixed term agreement with the Fund's current external advisor expires on 30 June 2022. Therefore, the Fund's Pensions and Investments Committee is seeking to appoint a new external advisor by the end of June 2022 so that they can attend their first Pensions and Investments Committee meeting in September 2022. The contract will be for a fixed term period of three years with an option for the Council to award annual extensions for a further two years (i.e. a total of five years).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/08a5468d-44b7-41ba-9599-ac80ddf292a5
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66140000 - Portfolio management services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£130,000 £100K-£500K
Lots Value
Not specified
Awards Value
£125,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Jul 20223 years ago
Submission Deadline
18 Mar 2022Expired
Future Notice Date
Not specified
Award Date
19 Jun 20223 years ago
Contract Period
30 Jun 2022 - 30 Jun 2027 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
DERBYSHIRE COUNTY COUNCIL
Contact Name
Karen Mulchinock
Contact Email
karen.mulchinock@derbyshire.gov.uk
Contact Phone
+44 1629538204

Buyer Location

Locality
MATLOCK
Postcode
DE4 3AG
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF13 South and West Derbyshire
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
Derbyshire Dales
Electoral Ward
Matlock West
Westminster Constituency
Derbyshire Dales

Supplier Information

Number of Suppliers
1
Supplier Name

MJ HUDSON INVESTMENT ADVISERS

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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