--- title: "CST004 Derbyshire Pension Fund External Advisor" ocid: "ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da.json" source: "Contracts Finder" current_stage: "Award" buyer: "DERBYSHIRE COUNTY COUNCIL" published: "2022-07-19" --- # CST004 Derbyshire Pension Fund External Advisor Buyer: DERBYSHIRE COUNTY COUNCIL Current stage: Award OCID: ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da.json) ## Summary Derbyshire County Council is seeking an external advisor for the Derbyshire Pension Fund, managing assets of approximately £6.3 billion. The procurement process, initiated through an open tender, aims to appoint a new advisor before the end of June 2022, as the current contract concludes on 30 June 2022. The successful bidder will enter a contract beginning 1 July 2022, lasting for three years with potential annual extensions up to a total of five years. The tender period ends on 18 March 2022. This tender presents a significant opportunity for firms specialising in pension investment and portfolio management services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to apply, benefiting from the open procedure's inclusivity. Engaging in this contract can help businesses enhance their visibility and expertise in the public sector, thereby fostering further competitive advantage in similar procurement processes. ## Notice The Derbyshire Pension Fund (DPF or the Fund), administered by Derbyshire County Council (the Council), has assets under management of around PS6.3bn. There are approximately 330 employers in the Fund, including Derbyshire County Council, Derby City Council, all the district and borough councils in Derbyshire, Peak District National Park Authority, Derbyshire Police Authority, Derbyshire Fire Authority, Derby College, Chesterfield College, University of Derby, a host of town and parish councils and a large group of smaller employers via admission arrangements. At 31 December 2021, the Fund had 104,000 member records, comprising 38,000 active records, 33,000 deferred beneficiary records and 33,000 records in respect of members in receipt of a pension. The fixed term agreement with the Fund's current external advisor expires on 30 June 2022. Therefore, the Fund's Pensions and Investments Committee is seeking to appoint a new external advisor by the end of June 2022 so that they can attend their first Pensions and Investments Committee meeting in September 2022. The contract will be for a fixed term period of three years with an option for the Council to award annual extensions for a further two years (i.e. a total of five years). ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/08a5468d-44b7-41ba-9599-ac80ddf292a5 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 19 Jul 2022 | | Submission deadline | 18 Mar 2022 | | Future notice date | Not specified | | Award date | 19 Jun 2022 | | Contract period | 30 Jun 2022 - 30 Jun 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £130,000 | | Lots value | Not specified | | Awards value | £125,000 | | 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 | DERBYSHIRE COUNTY COUNCIL | | Locality | MATLOCK | | Post town | Derby | | Postcode | DE4 3AG | | Country | England | | ITL 1 | TLF East Midlands (England) | | ITL 2 | TLF1 Derbyshire and Nottinghamshire | | ITL 3 | TLF13 South and West Derbyshire | | Local authority | Derbyshire Dales | | Electoral ward | Matlock West | | Westminster constituency | Derbyshire Dales | | 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 | MJ HUDSON INVESTMENT ADVISERS | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66131100 - Pension investment services - 66140000 - Portfolio management services - 66500000 - Insurance and pension services ## Release History - 19 Jul 2022 at 12:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/08a5468d-44b7-41ba-9599-ac80ddf292a5 - 9 Feb 2022 at 16:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c02e6cff-2ca1-487c-9ef3-e638328bdee7 - 9 Feb 2022 at 15:06 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/fa7b1c3f-88d3-4779-bf60-fc3587fe2646 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/08a5468d-44b7-41ba-9599-ac80ddf292a5 19th July 2022 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/c02e6cff-2ca1-487c-9ef3-e638328bdee7 9th February 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/fa7b1c3f-88d3-4779-bf60-fc3587fe2646 9th February 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://procontract.due-north.com/Advert?advertId=737b3493-9089-ec11-8110-005056b64545&p=527b4bbd-5c58-e511-80ef-000c29c9ba21 ## 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-c1105383-285b-475f-af2c-2e3e869397da. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da.json.