Tender

Investment Strategy Modelling

LGPS CENTRAL LIMITED

This public procurement record has 2 releases in its history.

Tender

12 Dec 2025 at 09:42

Planning

01 Oct 2025 at 08:15

Summary of the contracting process

LGPS Central Limited, a public authority operating within the sub-central government tier in the United Kingdom, is conducting a procurement process titled "Investment Strategy Modelling". This tender, categorised under financial management consultancy services, is currently in the tendering stage with a submission deadline of 16 January 2026. The project is designed to develop a robust investment strategy modelling capability, following recent government consultation outcomes. Operating within the competitive flexible procedure framework, the tender is set to award a contract valued at GBP 4,320,000, with the contract execution window beginning on 1 April 2026 and potentially extending until 2035. The services will mainly be delivered to the region marked as UKG39.

This tender represents a significant opportunity for businesses specialising in financial consultancy, particularly those with strengths in strategic asset allocation, economic scenario generation, and risk model inputs. It is particularly well-suited for firms capable of offering scenario modelling and comprehensive fund management solutions, along with providing consultancy for setup and training. Firms entering this competitive space could leverage this project to establish or expand their presence within public sector finance services, offering a scope for both immediate projects and extended contractual engagements, given the potential for further extensions in contract duration.

How relevant is this notice?

Notice Information

Notice Title

Investment Strategy Modelling

Notice Description

Following the outcome of the government's 'Fit for Future' consultation, LGPS Partner Funds are required to take their primary advice on strategic asset allocation from their chosen asset pool (LGPS Central Limited being one of those asset pools). Partner Funds' pension liabilities under membership of the LGPS are defined benefit in nature. By this, we mean that pension promises are made to members, and Partner Funds set aside large pools of assets held collectively, and in order to meet those pension promises. Strategic asset allocation decisions therefore require some consideration of those liabilities, including the impact on contributions requirements (to cover both ongoing accrual of benefits and any asset shortfall which may have arisen), as well as the likely investment returns (and uncertainty thereof) from the assets held. A robust, good quality investment strategy modelling capability is therefore required to support the delivery of tailored strategic advice to Partner Funds. This requirement stems from the complexity of investment strategy decisions, the need for regulated and evidence-based advice, and the expectation of future-proofing capabilities such as scenario modelling and whole-of-fund management.

Lot Information

Lot 1

Renewal: Two further 3 -year contract extensions will be available, making the maximum available contract period 9 years. Any contract extensions will be executed at the discretion of the Authority depending on future requirements.

Planning Information

This process is intended to allow the Authority to engage with interested suppliers who are able to deliver our requirements as detailed in the draft business requirements document. This engagement is proposed to assist the Authority in understanding the market and refining our business requirements by using feedback provided during this process. The process for this early market engagement exercise is as follows: 1. Interested suppliers must register at https://in-tendhost.co.uk/lgpscentral/ and download the early market engagement documentation associated with this requirement. 2. Download, fully complete and submit the Early Market Engagement Questionnaire through In-Tend, by the deadline of 10th October 2025 - 12:00:00 (Noon). 3. The Authority will review questionnaire submissions and reserve the right to invite suppliers to provide a demonstration of their solution and provide further feedback on our business requirements. Dependent on interest, the Authority reserves the right to limit the number of suppliers invited to demonstrate their solution. 4. Following conclusion of engagement meetings, the Authority will refine the business requirements prior to undertaking a procurement for this requirement under the Competitive Flexible Procedure (Procurement Act 2023).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05a573
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/082299-2025
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£3,150,000 £1M-£10M
Lots Value
£4,320,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Dec 20252 weeks ago
Submission Deadline
16 Jan 20263 weeks to go
Future Notice Date
20 Nov 2025Expired
Award Date
Not specified
Contract Period
31 Mar 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LGPS CENTRAL LIMITED
Contact Name
Not specified
Contact Email
procurement@lgpscentral.co.uk
Contact Phone
Not specified

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1LD
Post Town
Wolverhampton
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG39 Wolverhampton

Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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