---
title: "Provision of an Investment Consultancy Service for Buckinghamshire"
ocid: "ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BUCKINGHAMSHIRE COUNCIL"
published: "2020-11-12"
---

# Provision of an Investment Consultancy Service for Buckinghamshire

Buyer: BUCKINGHAMSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5

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## Summary

Buckinghamshire Council is seeking to procure an Investment Consultancy Service as part of the Local Government Pension Scheme for the Buckinghamshire Pension Fund. This tender is currently in the award stage, with the contract awarded to Mercer Limited for a total value of £677,718. The contract will run from 1st December 2020 until 30th November 2023. Tenders must have been submitted by midday on 24th August 2020. The services are categorised under pension services, with the delivery addresses located in the South East of England.

This procurement offers significant opportunities for businesses in the financial consultancy sector, particularly those with expertise in investment management and local government pension schemes. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the council seeks a diverse range of service providers capable of offering advisory services on investment strategy, asset allocation, and performance monitoring. Establishing a relationship with the Buckinghamshire Pension Fund could lead to further contracts and partnerships within the local government sector.

## Notice

Buckinghamshire Council are using the National LGPS Framework for Investment Management Consultancy Services Primarily in Support of the Local Government Pension Scheme (NCCT41358) LOT 1 - Investment Consultancy Services Buckinghamshire Council is looking to procure Investment Consultancy services. Buckinghamshire Pension Fund (the Fund) is part of the Local Government Pension Scheme (LGPS) and is administered by Buckinghamshire Council. Organisations participating in the Fund include the County Council, Milton Keynes Council, the parish Councils of Buckinghamshire, Thames Valley Police, Buckinghamshire Fire and Rescue Service, and other scheduled and admitted bodies. Teachers, fire fighters and police officers, for whom separate pension schemes apply, are excluded from the Pension Fund. Buckinghamshire Council are looking to appoint an Investment Consultant for their LGPS Buckinghamshire Pension Fund. We would expect the consultants to provide a wide range of advisory services in relation to investment management support services, including, but not limited to the following:- Review of investment strategy including strategic and tactical asset allocation to include a full range of asset classes including alternative investments and emerging products and services; investment beliefs; the use of overlays; risk budgeting; setting appropriate performance targets and benchmarks; research etc. Working with the Fund Actuary to undertake asset liability modelling as required; Working with the Fund Actuary on an on-going basis in respect of the integrated management of fund assets and liabilities; Advising on the Investment Strategy Statement and other statutory policy or reporting requirements including monitoring, reporting and assessment of investment management service providers. The contract will be awarded initially for 3 years with a possibility to extend for a further three years Tenders must be returned via the Buckinghamshire Business Portal. The tender return date is midday on Monday 24th August 2020. Tenders received after this time and date will not be accepted.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/22369899-8ea1-45c5-af09-da7c5c63b2b9 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Nov 2020 |
| Submission deadline | 24 Aug 2020 |
| Future notice date | Not specified |
| Award date | 12 Nov 2020 |
| Contract period | 1 Dec 2020 - 30 Nov 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £804,000 |
| Lots value | Not specified |
| Awards value | £677,718 |
| 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 | BUCKINGHAMSHIRE COUNCIL |
| Locality | AYLESBURY |
| Post town | Hemel Hempstead |
| Postcode | HP20 1YU |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ13 Buckinghamshire |
| Local authority | Buckinghamshire |
| Electoral ward | Aylesbury North |
| Westminster constituency | Aylesbury |
| Delivery location | TLJ South East (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66520000 - Pension services

## Release History

- 12 Nov 2020 at 11:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/22369899-8ea1-45c5-af09-da7c5c63b2b9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/22369899-8ea1-45c5-af09-da7c5c63b2b9
  12th November 2020 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://shadow.buckinghamshire.gov.uk

## Provenance

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