--- title: "Northamptonshire County Council Independent Adviser to The Northamptonshire Pension Fund" ocid: "ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NORTHAMPTONSHIRE COUNTY COUNCIL" published: "2020-11-17" --- # Northamptonshire County Council Independent Adviser to The Northamptonshire Pension Fund Buyer: NORTHAMPTONSHIRE COUNTY COUNCIL Current stage: Tender OCID: ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf.json) ## Summary The procurement process involves Northamptonshire County Council seeking an Independent Adviser for The Northamptonshire Pension Fund, aimed at enhancing the Fund's investment strategy while managing risk effectively. This open tender, published on 16 November 2020, is classified under insurance and pension services, with a total contract value of £90,000. The tender period is set to conclude on 4 December 2020, and the contract will commence on 1 February 2021, lasting until 31 January 2026. The project is located in the East Midlands region of the United Kingdom. This tender presents a significant opportunity for businesses specialising in financial consultancy and pension services, particularly those with expertise in investment consultancy within the Local Government Pension Scheme (LGPS) framework. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) may find this procurement well-suited to their capabilities. Engaging as an Independent Adviser could foster valuable relationships with local authorities while contributing to the broader financial objectives of public pension funds. ## Notice Northamptonshire 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 "proper 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). It is also common practice within LGPS Funds ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e2c495fb-0af2-479d-a78c-44514e745b0c | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 17 Nov 2020 | | Submission deadline | 4 Dec 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Feb 2021 - 31 Jan 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £90,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Cancelled | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | NORTHAMPTONSHIRE COUNTY COUNCIL | | Locality | NORTHAMPTON | | Post town | Northampton | | Postcode | NN1 1ED | | Country | England | | ITL 1 | TLF East Midlands (England) | | ITL 2 | TLF2 Leicestershire, Rutland and Northamptonshire | | ITL 3 | TLF24 West Northamptonshire | | Local authority | West Northamptonshire | | Electoral ward | Castle | | Westminster constituency | Northampton North | | Delivery location | TLF East Midlands (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66171000 - Financial consultancy services - 66500000 - Insurance and pension services ## Release History - 17 Nov 2020 at 13:02 - TenderCancellation - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e2c495fb-0af2-479d-a78c-44514e745b0c - 16 Nov 2020 at 16:11 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/418799a8-4ef2-4d24-885b-164cc2e171b9 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/e2c495fb-0af2-479d-a78c-44514e745b0c 17th November 2020 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/418799a8-4ef2-4d24-885b-164cc2e171b9 16th November 2020 - Opportunity notice on Contracts Finder - https://procontract.due-north.com/Advert?advertId=46c9f078-ff27-eb11-8105-005056b64545&p=4d8cb5a5-74dc-e511-810e-000c29c9ba21 Northamptonshire County Council Independent Adviser to The Northamptonshire Pension Fund ## 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-eb005521-ea36-4ad7-9e77-7fa76d473cbf. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-eb005521-ea36-4ad7-9e77-7fa76d473cbf.json.