Award

Investment Consultancy Management Service

KENT COUNTY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

30 Mar 2023 at 09:10

Award Notice
Award

16 Dec 2022 at 09:40

Award Notice
Summary of the contracting process

The Kent County Council has awarded a contract for the "Investment Consultancy Management Service" to Mercer Limited. The procurement process was initiated through a selective method from a framework agreement. The contract value is £850,000, with a contract period starting on December 19, 2022, and ending on December 19, 2025. The tender period ended on October 17, 2022, with the award officially published on December 16, 2022. This opportunity falls under the financial and insurance services category, based in the South East region of the United Kingdom.

This tender for investment consultancy services by the Kent County Council presents business growth opportunities for firms in the financial and insurance services sector. Companies specialising in investment management, financial consulting, and pension fund advisory services are well-suited to compete. The extensive scope of services required, from investment strategy review to climate risk analysis, offers a broad platform for businesses to showcase their expertise and establish long-term partnerships with the Council.

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Notice Information

Notice Title

Investment Consultancy Management Service

Notice Description

will provide an investment consultancy services to the Kent Pension Fund (KPF). The supplier will be expected to allocate senior staff to the fund to carry out consultancy services, which will cover the below: - Review of investment strategy. - Delivery of investment training as and when required, this will include introductory training for a cohort of new Members or bespoke training concerning a particular investment issue. - Monitoring of investment implementation. - Quarterly reporting including. o Market background o Performance of the Fund and that of the individual fund managers including reference to risk taken to generate returns. o Ratings for individual managers o Quarterly investment outlook o Ongoing monitoring of the active managers and private equity managers o Climate risk performance and Environmental, social and corporate governance (ESG) ratings for individual managers/mandates - Provision of a quarterly report on the performance and effectiveness of the Fund Equity Protection programme. - Advising on controlling investment costs. - Advice on the further development and implementation of the Funds Responsible Investment Policy. - Supporting the provision of periodic Task Force on Climate-related Financial Disclosures (TCFD) reporting. - Provision of climate scenario analysis. - Provision of a quality research service. - Advising on the investment market and solutions based on application of current market intelligence. - Advice to officers and Members on the appropriate investment strategy. - Advising on the pooling agenda and pooling of investment assets. - Advising on LGPS regulations. - Assistance with preparation of the Funds Investment Strategy Statement (ISS). This was procured by the LGPS Investment Management Consultancy Services 2022 - LOT 1. Additional information: This was procured by the LGPS Investment Management Consultancy Services 2022 - LOT 1.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c34eb004-f26e-4a38-bb21-13852c18821d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/63a89bb6-f9dd-424a-a83e-2265b263a814
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£850,000 £500K-£1M
Lots Value
Not specified
Awards Value
£800,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20232 years ago
Submission Deadline
17 Oct 2022Expired
Future Notice Date
Not specified
Award Date
16 Dec 20223 years ago
Contract Period
19 Dec 2022 - 19 Dec 2025 3-4 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
KENT 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
MAIDSTONE
Postcode
ME14 1XX
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLJ South East (England)
Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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