Tender

Independent Investment Adviser Services

LONDON BOROUGH OF BROMLEY

This public procurement record has 1 release in its history.

Tender

31 Oct 2025 at 14:07

Summary of the contracting process

The London Borough of Bromley is currently in the tender stage of a procurement process, seeking Independent Investment Adviser Services. This opportunity is directed at the public authority within the sub-central government category and is related to providing pension investment services. The procurement is an open procedure, with a tender submission deadline of 1st December 2025 and an enquiry period ending on 18th November 2025. The project location is specifically within the region designated as UKI61 in the United Kingdom. The total value of the services gross is £252,000, providing significant opportunities for businesses engaged in financial advisory and asset management services.

This tender presents substantial opportunities for growth for businesses specialised in investment advice, particularly those with expertise in managing investment assets like equities, bonds, and properties. Firms with pertinent qualifications and experience in Local Government Pension Schemes (LGPS) are well-suited to compete, as the evaluation criteria heavily weigh on quality factors such as governance, risk management, and innovation. The tender is open to SMEs and VCSEs, presenting a diverse business opportunity to advise on and scrutinise investment managers' performance, aiding Bromley's Pensions Committee in strategic financial stewardship and their climate change reporting initiatives.

How relevant is this notice?

Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d819
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070121-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

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
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
31 Oct 20252 weeks ago
Submission Deadline
1 Dec 20253 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2026 - 31 Mar 2032 Over 5 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
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

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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