---
title: "LGPS Central Stewardship Provider"
ocid: "ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOLVERHAMPTON CITY COUNCIL"
published: "2018-12-03"
---

# LGPS Central Stewardship Provider

Buyer: WOLVERHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d

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## Summary

The procurement process, initiated by Wolverhampton City Council, involves the appointment of a supplier for the provision of stewardship services under the title "LGPS Central Stewardship Provider." This project falls within the business services sector, specifically targeting law, marketing, consulting and related services, and is focused in West Midlands, United Kingdom. The tender was awarded on 7th September 2018, with a contract value of £1,120,000, and seeks a service provider capable of delivering high-quality voting and engagement services in alignment with responsible investment principles. The contract period commenced on 4th October 2018 and will run until 3rd December 2025.

This opportunity could be particularly beneficial for large-scale consultancy firms with expertise in corporate governance and stewardship. Businesses that can demonstrate a robust understanding of global corporate governance standards and possess the capacity to provide high-quality research will be well-suited to compete. Firms experienced in delivering tailored reporting materials and recognised for their cost-efficiency innovation are also encouraged to engage, as the successful supplier will need to provide insights of genuine value to LGPS Central’s investment processes.

## Notice

LGPS Central are seeking to appoint a supplier for the provision of stewardship services, covering shareholder voting and engagement. LGPS Central wish to appoint a provider that can demonstrate an ability to engage and vote in a way that both supports the long-term economic interests of our clients and partner funds, and that is conducive to LGPS Central's vision of responsible investment . The preferred supplier will be able to provide voting and engagement services to members of the investment team, in support of investment processes. LGPS Central is a global investor and the successful supplier will demonstrate truly global coverage in respect of its stewardship services. Whilst volume and coverage are important, LGPS Central seek a supplier that demonstrates high quality research, intimate knowledge of companies, clear understanding of global corporate governance standards and local application, and a systemic appreciation for financial materiality. The successful provider will be expected to provide insights of genuine value to the investment team. The preferred supplier will have an excellent suite of reporting materials, both off-the-shelf and client-customised, enabling LGPS Central to provide in turn high quality reporting to its clients, partner funds and the wider public. Recognising the motivations behind the project of LGPS asset pooling, the successful supplier will strive for continuous improvement, whilst aiming for ever greater cost efficiency. Additional information: This has been awarded via a Further Competition under the National LGPS Stewardship Advisory Services Framework - Lot 3 Voting and Engagement

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/98d2c487-2abc-44dc-ae9a-f55f71bc8b64 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Dec 2018 |
| Submission deadline | 3 Sep 2018 |
| Future notice date | Not specified |
| Award date | 6 Sep 2018 |
| Contract period | 3 Oct 2018 - 3 Dec 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,120,000 |
| Lots value | Not specified |
| Awards value | £1,120,000 |
| 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 | WOLVERHAMPTON CITY COUNCIL |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG39 Wolverhampton |
| Local authority | Wolverhampton |
| Electoral ward | St Peters |
| Westminster constituency | Wolverhampton West |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HERMES EQUITY OWNERSHIP SERVICES |

## CPV Codes

### Divisions

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

### Codes

- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security

## Release History

- 3 Dec 2018 at 11:33 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/98d2c487-2abc-44dc-ae9a-f55f71bc8b64

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/98d2c487-2abc-44dc-ae9a-f55f71bc8b64
  3rd December 2018 - Awarded contract notice on Contracts Finder

## 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-d3c4a5d5-9e1e-4320-8433-8681790d248d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-d3c4a5d5-9e1e-4320-8433-8681790d248d.json.