--- title: "SS16057 - ACCESS LGPS Pool Operator" ocid: "ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5.json" source: "Contracts Finder" current_stage: "Tender" buyer: "KENT COUNTY COUNCIL" published: "2017-09-05" --- # SS16057 - ACCESS LGPS Pool Operator Buyer: KENT COUNTY COUNCIL Current stage: Tender OCID: ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-58ca54b5-ddf0-4d89-af59-7846497bdae5.json) ## Summary The Kent County Council is conducting a tender for the contract titled "SS16057 - ACCESS LGPS Pool Operator" within the financial and insurance services industry, specifically focused on pension fund management. The procurement is currently in the open tender stage, with responses due by 6th October 2017. The contract, valued at £25 million, will commence on 1st February 2018 and conclude on 31st January 2025. This opportunity is available for any regulated financial services Operator to facilitate collective investment schemes exclusively for the ACCESS Pool, consisting of eleven UK local government pension schemes. This tender presents a significant opportunity for businesses in financial services, particularly those specialising in pension fund management and investment operations. Companies that possess expertise in establishing and administering investment schemes, along with the necessary regulatory authorisations, would be well-positioned to compete. With the substantial value of the contract and the requirement for a variety of asset classes, businesses that can offer comprehensive investment management solutions should consider participating in this procurement process to expand their portfolio and client base. ## Notice This procurement is being undertaken by Kent County Council on behalf of the ACCESS (A Collaboration of Central, Eastern and Southern Shires) Pool's ("the Pool") Administering Authorities; a pool of eleven UK Local Government pension schemes as listed below. The contract will also be accessible by any other LGPS Authority (for the list of LGPS member Authorities see http://www.lgpsboard.org/index.php/fund-annual-reports-2016) that joins the Pool at any time. The object of the procurement is a contract for the services of an FCA regulated, or EEA financial services regulated, Operator (the "Operator") who will be responsible for establishing and operating an umbrella Authorised Contractual Scheme ("ACS") and to facilitate the provision of other collective investment schemes for the benefit of the Pool, exclusively for the Pool. The ACCESS Pool Administering Authorities are Cambridgeshire County Council, East Sussex County Council, Essex County Council, Hampshire County Council, Hertfordshire County Council, Isle of Wight Council, Kent County Council, Norfolk County Council, Northamptonshire County Council, Suffolk County Council, and West Sussex County Council. On behalf of the Administering Authorities, Kent County Council are seeking to procure the services of an FCA regulated Operator (the "Operator") who will be responsible for establishing and operating an umbrella ACS and to facilitate the provision of other collective investment schemes for the benefit of the Pool, exclusively for the Pool. The Pool is expected to have in the region of 25-35 sub-funds. The Operator's key functions will be to establish investment sub-funds, and to appoint, manage and terminate investment managers of those funds and to operate and administer the Administering Authorities' investments in the ACS and other collective investment schemes in which the Administering Authorities invest. The Administering Authorities require all major asset classes to be available, including, as a minimum, equities, fixed income, multi asset and property. The successful Supplier will provide quarterly reporting to the Pool on a range of Monitoring Metrics and Key Performance Indicators. The successful Supplier will be required to apply for and obtain all the necessary regulatory authorisations required to operate the ACS. The Supplier will be required to exercise best endeavours to have the ACS ready for investment in order for the transfer of assets to occur. Further background and technical information can be found within the tender documentation. Contract award will be based on the Most Economically Advantageous Tender based upon the criteria specified within the Invitation to Tender. The Administering Authorities may choose to include optional ancillary services as detailed in the Invitation to Tender. These are not part of the core requirement, and do not form any part of the evaluation. Expressions of interest will only be accepted via the Kent Business Portal. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/495e0183-fd4c-433c-8c3f-505dab3b44f3 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Sep 2017 | | Submission deadline | 6 Oct 2017 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Feb 2018 - 31 Jan 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £25,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | KENT COUNTY COUNCIL | | Locality | MAIDSTONE | | Post town | Rochester | | Postcode | ME14 1XQ | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ4 Kent | | ITL 3 | TLJ45 Mid Kent | | Local authority | Maidstone | | Electoral ward | Penenden Heath | | Westminster constituency | Maidstone and Malling | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services - 66141000 - Pension fund management services ## Release History - 5 Sep 2017 at 16:49 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/495e0183-fd4c-433c-8c3f-505dab3b44f3 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/495e0183-fd4c-433c-8c3f-505dab3b44f3 5th September 2017 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.kentbusinessportal.org.uk - http://www.lgpsboard.org/index.php/fund-annual-reports-2016 ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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