--- title: "Cambridgeshire County Council - Independent Investment Adviser to the Cambridgeshire Pension Fund." ocid: "ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1.json" source: "Contracts Finder" current_stage: "Award" buyer: "LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL" published: "2020-11-13" --- # Cambridgeshire County Council - Independent Investment Adviser to the Cambridgeshire Pension Fund. Buyer: LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL Current stage: Award OCID: ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1.json) ## Summary The procurement process involves the Cambridgeshire County Council, specifically LGSS, seeking an Independent Investment Adviser for the Cambridgeshire Pension Fund. The tender, titled "Independent Investment Adviser to the Cambridgeshire Pension Fund," falls under the insurance and pension services industry category. It was published on 11th June 2020, with a tender period that ended on 3rd July 2020. The total contract value is £150,000, and it will run from 1st October 2020 to 30th September 2023. This open procurement procedure aims to gain high-quality independent advice that may challenge existing views held by the Fund's Investment Sub Committee and external advisors. This tender presents an opportunity for financial consultancy firms, particularly small and medium-sized enterprises (SMEs), to provide their expertise and insights into investment strategies for pension funds. Businesses with strong backgrounds in financial consultancy and experience within the pension sector would be well-suited to compete for this contract, as it requires in-depth knowledge of investment solutions being adopted by similar local government pension schemes. Engaging in this competitive tender can bolster a firm's reputation and expand its outreach within the public sector. ## Notice Cambridgeshire Pension Fund's investment strategy continues to evolve to meet the Fund's objectives whilst managing an appropriate level of risk. As dictated by the LGPS Investment Regulations, the Fund takes advice from its Investment Consultants Mercer Ltd Whist the ISC receive comprehensive briefing and training from Mercer, in this increasingly complex environment, it is suggested that members would find it beneficial to have a second opinion from an Independent Adviser with industry experience (gained either as a fund manager or a senior LGPS officer). This would provide a different insight into investment solutions and knowledge of what products and solutions are being adopted by other LGPS funds (who are not Mercer clients). The Fund is looking for high quality independent advice, which at times may challenge the views of the Investment Sub Committee, the officers, the investment consultants, external fund managers as well as other service providers to the Fund, and bring a new perspective to the discussion. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/da54b7b9-86cb-48a3-8cca-3bf756b0e4c6 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Nov 2020 | | Submission deadline | 2 Jul 2020 | | Future notice date | Not specified | | Award date | 22 Oct 2020 | | Contract period | 9 Nov 2020 - 8 Nov 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £150,000 | | Lots value | Not specified | | Awards value | £90,000 | | 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 | LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL | | Locality | CAMBRIDGE | | Post town | Cambridge | | Postcode | CB3 0AP | | Country | England | | ITL 1 | TLH East (England) | | ITL 2 | TLH4 Cambridgeshire and Peterborough | | ITL 3 | TLH42 Cambridgeshire CC | | Local authority | Cambridge | | Electoral ward | Castle | | Westminster constituency | Cambridge | | Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | BFINANCE | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66171000 - Financial consultancy services - 66500000 - Insurance and pension services ## Release History - 13 Nov 2020 at 10:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/da54b7b9-86cb-48a3-8cca-3bf756b0e4c6 - 11 Jun 2020 at 13:23 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/81362787-48f8-4159-a5cd-573860ea6bd2 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/da54b7b9-86cb-48a3-8cca-3bf756b0e4c6 13th November 2020 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/81362787-48f8-4159-a5cd-573860ea6bd2 11th June 2020 - Opportunity notice on Contracts Finder - https://procontract.due-north.com/Procurer/Advert/View?advertId=0a9e0c60-8988-ea11-80ff-005056b64545&fromAdvertEvent=True Access to the tender opportunity can be found on pro-contract via the following link ## Notice URLs - https://www.lgss.co.uk/about/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1.json.