Award

Independent Investment Advisor for the Staffordshire Pension Fund

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

15 May 2024 at 06:16

Award Notice
Summary of the contracting process

The Staffordshire County Council has awarded a contract for independent investment advisory services for the Staffordshire Pension Fund. The contract, valued at £175,000, was granted to John Harrison Investment Consulting Ltd. The procurement method used was an open procedure below the threshold with a tender period ending on 11th March 2024. The contract period will run from 1st April 2024 to 31st March 2030, providing opportunities in the services sector. The buying organisation, Staffordshire County Council, located in Stafford, undertook this procurement process.

This tender for independent investment advisory services offers opportunities for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations to compete. Businesses involved in pension investment services sector would find this tender suitable. The procurement stage has reached the award phase, showcasing the possibility for business growth and collaboration with Staffordshire County Council. The specified duties highlight the significant role the appointed provider will play in managing the investments of the Staffordshire Pension Fund.

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Notice Information

Notice Title

Independent Investment Advisor for the Staffordshire Pension Fund

Notice Description

Staffordshire County Council is the Administering Authority for the Staffordshire Pension Fund ('the Fund'). The Fund has a total membership of 119,000, consisting of around 34,000 active members, 42,000 retired pensioners and dependants, and 43,000 deferred members. As of 31 December 2023, the assets of the Fund were in excess of PS7.1 billion. The appointment will take the form of a contractual agreement between the appointed provider and Staffordshire County Council, to supply the services outlined below for the Staffordshire Pension Fund, in accordance with the terms agreed in the contract. The main duties of the independent Investment Adviser are as follows: * To attend quarterly in person meetings of the Pensions Panel; * To attend ad-hoc investment strategy, implementation and manager monitoring meetings with Officers and the appointed Investment Consultant; * To provide ad-hoc advice and attend any other meetings as may be required from time to time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cb7353a6-c2ea-4154-98a7-e29e7a20d3f8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/876c445e-aec1-478b-8d21-65deb4c44785
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
£175,000 £100K-£500K
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 May 20241 years ago
Submission Deadline
11 Mar 2024Expired
Future Notice Date
Not specified
Award Date
13 May 20241 years ago
Contract Period
14 May 2024 - 14 May 2030 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
STAFFORDSHIRE COUNTY COUNCIL
Contact Name
Laura Kendall
Contact Email
laura.kendall@staffordshire.gov.uk
Contact Phone
+441785854656

Buyer Location

Locality
STAFFORD
Postcode
ST16 2DH
Post Town
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
Not specified
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

JOHN HARRISON INVESTMENT CONSULTING

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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