Award

Independent Investment Adviser Services

LONDON BOROUGH OF BROMLEY

This public procurement record has 2 releases in its history.

Award

09 Jan 2026 at 11:23

Tender

31 Oct 2025 at 14:07

Summary of the contracting process

The London Borough of Bromley has completed the procurement process for "Independent Investment Adviser Services" targeting the sub-central government public authority category. This procurement, organised using the open procedure method, involved selecting a service provider to furnish investment advisory services for Bromley's Pensions Committee. The contract, valued at £201,000 gross with a completion value of £2,412,000, includes the production of quarterly analyses, recommendations on investment strategies, and an annual climate change report. This award stage, set to commence on 1st April 2026 and conclude on 31st March 2032, was posted on 9th January 2026 with key dates for award milestones projected between 22nd January 2026 and final acceptance by the Pensions Committee.

This tender opens various avenues for business growth, particularly for firms specialising in investment advisory services, notably those with expertise in pension investment services. Companies with a strong background in financial analysis, asset allocation, climate-related financial risk assessment, and effective investment performance measurement stand to benefit. The opportunity suits SMEs with substantial experience in local government pension schemes and a comprehensive approach to governance, strategic investment insights, and responsible investment practices. Additionally, firms bringing innovation and value for money propositions, as outlined in the tender's award criteria, would find this contract particularly rewarding for business expansion in the public sector advisory space.

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Notice Title

Independent Investment Adviser Services

Notice Description

The Adviser must produce quarterly analyses and recommendations for the Pensions Committee meetings, attend the Committee meetings in person to brief the Committee on performance. Recommendations will be related to changes in the investment asset allocations and other matters as detailed in the Service Description section below. The adviser will give an opinion on Bromley's investments in equities, bonds, property, and other asset classes at key dates, and support the committee in scrutinising investment managers' performance. Furthermore, the adviser will be expected to maintain and update Bromley's climate change annual report.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d819
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001755-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£210,000 £100K-£500K
Lots Value
£210,000 £100K-£500K
Awards Value
£201,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jan 20261 months ago
Submission Deadline
1 Dec 2025Expired
Future Notice Date
Not specified
Award Date
31 Dec 20251 months ago
Contract Period
31 Mar 2026 - 31 Mar 2032 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BROMLEY
Contact Name
Not specified
Contact Email
procurement@bromley.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BROMLEY
Postcode
BR1 1DP
Post Town
Bromley
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLI61 Bromley

Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
1
Supplier Name

APEX INVESTMENT ADVISERS

Open Contracting Data Standard (OCDS)

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