Award

Independent Investment Advisor for the Staffordshire Pension Fund

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

14 Aug 2024 at 06:42

Award Notice
Summary of the contracting process

Staffordshire County Council has awarded a contract for an Independent Investment Advisor for the Staffordshire Pension Fund. The council administers the fund, which as of 31 December 2023, held assets exceeding £7.1 billion. The procurement process, classified under Pension Investment Services (CPV code 66131100), involved a special exemption to internal procurement rules. This award follows the completion stage of the tender, which concluded on 26 June 2024. The contract, valued at £180,000, will begin on 1 September 2024 and continue until 31 August 2030 in Stafford, UK (ST16 2DH).

This tender presents a significant opportunity for businesses with expertise in pension investment advisory services to enhance their portfolio by engaging with a substantial and well-funded pension scheme. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-suited for this contract, which requires active participation in quarterly and ad-hoc strategy and monitoring meetings. The role is ideal for businesses experienced in providing investment strategy and consultancy services, offering them the chance to contribute to and benefit from managing substantial public assets.

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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-f74ad0d4-2ecc-40e6-8339-5245f271a477
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/98a85827-0cc0-4e22-b6d0-cb1f92eb7776
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Exemption to own internal procurement rules
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
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£180,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Aug 20241 years ago
Submission Deadline
26 Jun 2024Expired
Future Notice Date
Not specified
Award Date
13 Aug 20241 years ago
Contract Period
31 Aug 2024 - 31 Aug 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
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
Not specified
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

CAROLAN DOBSON

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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