---
title: "LGPS Central Pooling and Collective Investment Vehicle Legal Advice"
ocid: "ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOLVERHAMPTON CITY COUNCIL"
published: "2016-11-18"
---

# LGPS Central Pooling and Collective Investment Vehicle Legal Advice

Buyer: WOLVERHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b

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## Summary

The procurement process for the contract titled "LGPS Central Pooling and Collective Investment Vehicle Legal Advice" is led by Wolverhampton City Council, aimed at providing legal services within the financial industry. This contract is significant due to its context in establishing a Collective Investment Vehicle as part of the Government’s asset pooling initiative for Local Government Pension Schemes (LGPS). The procurement is currently in the Award stage, having been active since the contract award date of 24th August 2016, with a contract value of £247,887.50. The contract period extends from 22nd August 2016 to 31st March 2018, indicating a tight timeline for completion of deliverables by the set deadline of 1st April 2018 in the West Midlands region of the United Kingdom.

This tender presents substantial opportunities for law firms specialising in financial and regulatory compliance, particularly those experienced in working with public sector pensions and investment vehicles. With the need for development and governance of the Operator, as well as procurement of asset servicing and related financial advisory roles, businesses equipped with expertise in these areas would be well-suited to compete. This contract could significantly contribute to business growth by establishing pivotal relationships within the public sector and enhancing credibility in the legal and financial advisory landscape.

## Notice

In response to the Government's criteria for pooling assets, Local Government Pension Scheme (LGPS) Central has decided to build a Collective Investment Vehicle (CIV) structure to pool investments. The CIV model will include an Operator, which will be incorporated as a private company. The Operator will also be set-up as an alternative investment fund manager (AIFM) and regulated by the Financial Conduct Authority (FCA). The Operator will manage a Pool containing a number of vehicles, including an Authorised Contractual Scheme (ACS) and other vehicles (e.g. limited partnerships), yet to be confirmed. A Shareholders' Forum (consisting of the Pensions Committee Chairs of the participating authorities) will act as the Supervisory Body of the Operator. A Practitioners' Advisory Forum (consisting of Pension Fund Officers) will support the Shareholders' Forum and act as the day-to-day liaison between the Shareholders' Forum and the Operator. The deadline for the establishment of the outlined structure is 1st April 2018. As such, LGPS Central is now seeking advice and hands-on implementation support and delivery as set out below. Summary Requirements: Support LGPS Central in the delivery, by 1st April 2018, of:- 1. The establishment of the Operator and Pool Vehicles, including FCA registration 2. The Governance and target operating model 3. The procurement of an Asset Servicer, advisors, auditors, bankers 4. Tax advice for both the Operator and Pool Vehicles Additional information: On behalf of West Midlands Pension Fund.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e2aab92c-3de0-4ee2-a96a-f3ae342ecff1 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Not specified |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Nov 2016 |
| Submission deadline | 21 Jul 2016 |
| Future notice date | Not specified |
| Award date | 23 Aug 2016 |
| Contract period | 21 Aug 2016 - 31 Mar 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £247,887 |
| Lots value | Not specified |
| Awards value | £247,887 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WOLVERHAMPTON CITY COUNCIL |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG39 Wolverhampton |
| Local authority | Wolverhampton |
| Electoral ward | St Peters |
| Westminster constituency | Wolverhampton West |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EVERSHEDS |

## CPV Codes

### Divisions

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

### Codes

- 79100000 - Legal services

## Release History

- 18 Nov 2016 at 20:17 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e2aab92c-3de0-4ee2-a96a-f3ae342ecff1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/e2aab92c-3de0-4ee2-a96a-f3ae342ecff1
  30th August 2016 - Awarded contract notice on Contracts Finder

## Provenance

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