Award

Contract for the provision of Investment Consultancy Services for the Staffordshire Pension Fund

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

03 Feb 2021 at 07:14

Award Notice
Summary of the contracting process

The Staffordshire County Council is seeking an external supplier for the provision of Investment Consultancy Services for the Staffordshire Pension Fund. The contract, valued at £350,000, falls under the banking and investment services industry category. The procurement method utilised for this contract is selective, specifically a call-off from a framework agreement. The contract period is set to commence on 1 April 2021 and will run until 31 March 2028. The award was officially made on 3 February 2021, and the primary delivery location for the services is within the West Midlands region of the United Kingdom.

This tender presents significant opportunities for businesses specialising in investment consultancy, particularly those adept at strategic asset allocation and financial management within Local Government Pension Schemes (LGPS). Companies with a proven track record in delivering comprehensive investment strategies, risk management, and responsible investment advice would be particularly well-suited to compete for this contract. The nature of the work may also benefit small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that can offer innovative solutions in this field.

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Notice Information

Notice Title

Contract for the provision of Investment Consultancy Services for the Staffordshire Pension Fund

Notice Description

The Investment Consultancy provider will be required to provide investment consultancy services to the Staffordshire Pension Fund as set out in the framework tender documents. These are: Proven experience to be able to provide strategic asset allocation advice to an LGPS Fund, this will include: - - Review of the Fund's investment strategy and investment management structure - Advise on a cost-efficient implementation of the Fund's investment strategy, taking into account the local government pooling agenda - Advise on an investment strategy that reflects the Fund's ongoing cashflow position - Advising on the Investment Strategy Statement - Advising on alternative investments - Advise and develop the Fund's policies with regard to Responsible Investment - Advising on the investment market (at a strategic, individual manager and strategy level) based upon the application of current market intelligence. It is essential that the investment consultant is able to: - - Work with the Fund's actuary to ensure that all investment matters are considered in the light of the Fund's liabilities. - Perform strategic asset liability modelling and model the total fund risk - Advise on appropriate risk management strategies - Advise on rebalancing and tactical asset allocation - Assist the Pensions Panel in facilitating a governance environment in which the Fund's resources (Elected Members time, in house team time and money) are devoted in accordance with the relative importance of the decisions being taken. - Provide a quarterly report covering the outlook for economies and asset classes invested in by the fund and under consideration for investment. - Monitoring and reporting of investment managers and producing quarterly based reports based on data provided by the measuring company - Attendance at meetings as required

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f49ff810-bca7-494b-be9a-5883adaae5ad
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2516172e-4498-4d47-b025-a512dff9df51
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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
£350,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Feb 20215 years ago
Submission Deadline
23 Nov 2020Expired
Future Notice Date
Not specified
Award Date
3 Feb 20215 years ago
Contract Period
31 Mar 2021 - 31 Mar 2028 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLG West Midlands (England)
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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