Award

SYPA - Appointment of Independent Financial Adviser

SOUTH YORKSHIRE PENSIONS AUTHORITY

This public procurement record has 2 releases in its history.

Award

06 Dec 2024 at 14:22

Tender

02 Sep 2024 at 08:19

Summary of the contracting process

South Yorkshire Pensions Authority (SYPA) is overseeing the procurement process for appointing an independent financial adviser to manage the investment advisory role for the £11bn+ South Yorkshire Pension Fund. The procurement process, classified under the CPV code 66000000 for financial and insurance services, was initiated as a tender and subsequently awarded to Jonathan Hunt. The open procedure culminated in an award on 1st October 2024, with the adviser expected to commence duties in December 2024. SYPA's project is taking place in Barnsley, South Yorkshire, and involves a contract valued at £280,000 GBP.

This tender presents significant opportunities for business growth, particularly for financial advisory firms and SMEs specialising in pension investment services, as denoted by the additional classification code 66131100. The procurement's open procedure format and substantial contract value make it an attractive prospect for firms capable of providing high-quality, cost-efficient investment advice. Businesses experienced in collective investment management and advisory roles within the Local Government Pension Scheme framework would be especially well-suited for this opportunity, potentially benefiting from the renewal option after the initial 36-month contract period.

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Notice Title

SYPA - Appointment of Independent Financial Adviser

Notice Description

South Yorkshire Pensions Authority is the public body responsible for the stewardship of the PS11bn+ South Yorkshire Pension Fund which is part of the Local Government Pension Scheme. The Authority is now seeking to appoint an independent investment adviser to the Authority to take up the role with effect from December 2024.

Lot Information

Lot 1

South Yorkshire Pensions Authority is the public body responsible for the stewardship of the PS11bn+ South Yorkshire Pension Fund which is part of the Local Government Pension Scheme. The Authority is now seeking to appoint an independent investment adviser to the Authority to take up the role with effect from December 2024. Additional information: If you have any queries or would like to arrange a call to discuss the role further, please contact Head of Governance and Corporate Services, Jo Stone, at the following email address: governanceteam@sypa.org.uk To apply for this role, please submit a CV and covering letter setting out how you meet the requirements set out in the documentation to governanceteam@sypa.org.uk.

Renewal: Option to renew after initial 36 month period - to a maximum of 120 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04970b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039452-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

66131100 - Pension investment services

Notice Value(s)

Tender Value
£280,000 £100K-£500K
Lots Value
£280,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£280,000 £100K-£500K

Notice Dates

Publication Date
6 Dec 20241 years ago
Submission Deadline
23 Sep 2024Expired
Future Notice Date
Not specified
Award Date
30 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SOUTH YORKSHIRE PENSIONS AUTHORITY
Contact Name
Annie Palmer
Contact Email
apalmer@sypa.org.uk
Contact Phone
+44 01226666404

Buyer Location

Locality
BARNSLEY, SOUTH YORKSHIRE
Postcode
S71 1HG
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE33 Barnsley
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Barnsley
Electoral Ward
Central
Westminster Constituency
Barnsley North

Supplier Information

Number of Suppliers
1
Supplier Name

JONATHAN HUNT

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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