---
title: "CORP - External Auditor for Lancashire and London Pensions Partnership"
ocid: "ocds-b5fd17-a4a39d97-adc8-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a4a39d97-adc8-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a4a39d97-adc8-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a4a39d97-adc8-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LANCASHIRE COUNTY COUNCIL"
published: "2017-03-09"
---

# CORP - External Auditor for Lancashire and London Pensions Partnership

Buyer: LANCASHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-a4a39d97-adc8-11e6-9901-0019b9f3037b

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## Summary

The procurement process, initiated by Lancashire County Council on behalf of the Lancashire and London Pensions Partnership, is focused on the requirement for an External Auditor. The title of the tender is "CORP - External Auditor for Lancashire and London Pensions Partnership," which is classified under accounting, auditing and fiscal services. The contract is located in the North West region of the United Kingdom and the tender period has ended on 25th August 2015. The total contract value is £150,000, and the contract is set to span from 1st April 2016 to 30th September 2019. The procurement method was an open procedure, which encourages competition among suppliers.

This tender presents an excellent opportunity for SMEs and voluntary, community, and social enterprises (VCSEs) that specialise in auditing and financial services to expand their portfolio. Companies with experience in public sector accounting and auditing, especially within pension fund management, would be particularly well-suited to compete for this contract. The establishment of the Lancashire and London Pensions Partnership aims to manage substantial assets, providing a platform for auditors to engage in a larger scale of operations and potentially secure future contracts as the partnership grows.

## Notice

Lancashire and London Pension Partnership (LLPP). The Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA) have agreed to create an Asset and Liability Management Partnership (ALM) which will involve creating a pool of investment assets in excess of PS10bn together with an "end to end" Pension Services Organisation which will provide services related to the management of the two funds through a company structure part of which will be regulated by the Financial Conduct Authority (FCA). There is an ambition to grow the Assets under Management to PS40bn and to grow the number of scheme members looked after by the administration business beyond the c 0.5m served by the two current organisations following the securing of the continuation of existing third party business. Following approval through the appropriate governance structures the two funds are now proceeding to create the LLPP's formal structures, including the appointment of independent Non-Executive Directors and an Independent Chair, and submit applications for regulatory approval to the FCA. The process is being driven to an ambitious timetable in order to maintain momentum with the aim of the LLPP formally launching on 1 April 2016. Lancashire County Council (as administering authority of LCPF) and LPFA require an External Auditor to provide the external audit of the financial statements for the LLPP and its associated entities, each having a financial year ending on 31 March (2016/2017, 2017/2018, 2018/2019). Additional information: Please note this procurement is being undertaken by Lancashire County Council on behalf of the Lancashire and London Pensions Partnership. Please see tender documents for further information about the Lancashire and London Pensions Partnership.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c4a72d33-983d-4b8f-99fb-c897a2370f4c |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Mar 2017 |
| Submission deadline | 25 Aug 2015 |
| Future notice date | Not specified |
| Award date | 24 Aug 2015 |
| Contract period | 31 Mar 2016 - 30 Sep 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £150,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| 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 | LANCASHIRE COUNTY COUNCIL |
| Locality | PRESTON |
| Post town | Preston |
| Postcode | PR1 8XJ |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD4 Lancashire |
| ITL 3 | TLD45 Mid Lancashire |
| Local authority | Preston |
| Electoral ward | City Centre |
| Westminster constituency | Preston |
| Delivery location | TLD North West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CONTRACT NOT AWARDED BY LCC - TRANSFERRED TO LPP |

## CPV Codes

### Divisions

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

### Codes

- 79200000 - Accounting, auditing and fiscal services

## Release History

- 9 Mar 2017 at 09:13 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c4a72d33-983d-4b8f-99fb-c897a2370f4c
- 9 Mar 2017 at 08:33 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c4a72d33-983d-4b8f-99fb-c897a2370f4c
- 18 Nov 2016 at 20:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/eb2246cc-b29c-4117-a9cf-63a0e884d1f0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c4a72d33-983d-4b8f-99fb-c897a2370f4c
  9th March 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/eb2246cc-b29c-4117-a9cf-63a0e884d1f0
  6th August 2015 - Opportunity notice on Contracts Finder
- http://www.lancashire.gov.uk/business/tenders-and-procurement/tenders.aspx
  To apply please select this link

## Provenance

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