Tender

Northamptonshire County Council Independent Adviser to The Northamptonshire Pension Fund

NORTHAMPTONSHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

TenderCancellation

17 Nov 2020 at 13:02

Tender Notice
Tender

16 Nov 2020 at 16:11

Tender Notice
Summary of the contracting process

The procurement process involves Northamptonshire County Council seeking an Independent Adviser for The Northamptonshire Pension Fund, aimed at enhancing the Fund's investment strategy while managing risk effectively. This open tender, published on 16 November 2020, is classified under insurance and pension services, with a total contract value of £90,000. The tender period is set to conclude on 4 December 2020, and the contract will commence on 1 February 2021, lasting until 31 January 2026. The project is located in the East Midlands region of the United Kingdom.

This tender presents a significant opportunity for businesses specialising in financial consultancy and pension services, particularly those with expertise in investment consultancy within the Local Government Pension Scheme (LGPS) framework. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) may find this procurement well-suited to their capabilities. Engaging as an Independent Adviser could foster valuable relationships with local authorities while contributing to the broader financial objectives of public pension funds.

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Notice Information

Notice Title

Northamptonshire County Council Independent Adviser to The Northamptonshire Pension Fund

Notice Description

Northamptonshire Pension Fund's investment strategy continues to evolve to meet the Fund's objectives whilst managing an appropriate level of risk. As dictated by the LGPS Investment Regulations, the Fund takes "proper advice" from its Investment Consultants Mercer Ltd Whist the ISC receive comprehensive briefing and training from Mercer, in this increasingly complex environment, it is suggested that members would find it beneficial to have a second opinion from an Independent Adviser with industry experience (gained either as a fund manager or a senior LGPS officer). This would provide a different insight into investment solutions and knowledge of what products and solutions are being adopted by other LGPS funds (who are not Mercer clients). It is also common practice within LGPS Funds

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e2c495fb-0af2-479d-a78c-44514e745b0c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Nov 20205 years ago
Submission Deadline
4 Dec 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Feb 2021 - 31 Jan 2026 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTHAMPTONSHIRE 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
NORTHAMPTON
Postcode
NN1 1ED
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF24 West Northamptonshire
Delivery Location
TLF East Midlands (England)
Local Authority
West Northamptonshire
Electoral Ward
Castle
Westminster Constituency
Northampton North

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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