---
title: "Investment Risk System and Climate Risk Data Services"
ocid: "ocds-h6vhtk-03622c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03622c"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03622c.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03622c.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD"
published: "2022-08-23"
---

# Investment Risk System and Climate Risk Data Services

Buyer: LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD  
Current stage: Award  
OCID: ocds-h6vhtk-03622c

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## Summary

The Local Pensions Partnership Investments Ltd (LPPI) has awarded a contract for the "Investment Risk System and Climate Risk Data Services" to MSCI. LPPI required the system to comply with specific regulations and frameworks related to asset management and climate change. The procurement was conducted through a limited procurement method without prior publication, with MSCI being the sole provider chosen due to their ability to meet all of LPPI's minimum requirements.

This tender presents an opportunity for businesses in the investment management software industry to provide innovative solutions tailored to specific regulatory and climate-related needs. Companies with expertise in asset class coverage, liquidity modelling, risk reporting, and climate data integration would be well-suited to compete for similar contracts. Understanding the unique requirements set out by LPPI and their commitment to regulatory compliance and climate disclosures will be crucial in entering this market segment.

## Notice

Local Pensions Partnership Investments ("LPPI") requires an Investment Risk System to develop best practice internally and externally with regards to reporting and decision support and the provision of relevant security/asset climate change data and tools to assist LPPI to comply with the IIGCC Asset Manager Net Zero Framework and the Task Force on Climate-related Financial Disclosures (TCFD).

### Lot Information

Lot 1

LPPI requires an Investment Risk System to develop best practice internally and externally with regards to reporting and decision support and the provision of relevant security/asset climate change data and tools to assist LPPI to comply with the IIGCC Asset Manager Net Zero Framework and the Task Force on Climate-related Financial Disclosures (TCFD). The contract has been awarded to MSCI under regulation 32(2)(b)(ii) of the Public Contracts Regulations 2015 because competition is absent for technical reasons. LPPI considers MSCI to be the only provider that is able to meet all of LPPI's minimum requirements, which include but are not limited to an Investment Risk System that: 1. provides coverage for all of LPPI's asset classes, including private assets (without simply proxying to public market instruments) and compatibility with Barra's Real Estate Portal; 2. has a liquidity model, that can provide liquidity ladders and also is compliant with ESM Liquidity Stress Testing requirements; 3. provides AIFMD reporting as a managed service, driven by the positions loaded into the Risk system; 4. provides exposure reporting for all asset classes; 5. has the ability to add an unlimited amount of user data and categorisations to positions; 6. has the ability to create user defined, calculated metrics for reporting purposes; 7. has all three types of VaR model (Parametric, Historical and Monte-Carlo) and can incorporate fat tails into the VaR methodology; 8. provides stress testing of: a. historical scenarios b. hypothetical scenarios (correlated and uncorrelated) 9. subject to licencing, has the ability to load all of LPPI's fund risk and performance benchmarks; and 10. can represent the LPPI fund view as well as the client view including their balance sheet assets; and 11. can support climate change data and tools that effectively work alongside risk management data and tools.

### Procurement Information

Award of a contract without prior publication of a call for competition in the cases listed below * Where the services can be supplied only by a particular economic operator because competition is absent for technical reasons Explanation: The contract has been awarded to MSCI under regulation 32(2)(b)(ii) of the Public Contracts Regulations 2015 because competition is absent for technical reasons. LPPI considers MSCI to be the only provider that is able to meet all of LPPI's minimum requirements, which include but are not limited to an Investment Risk System that: 1. provides coverage for all of LPPI's asset classes, including private assets (without simply proxying to public market instruments) and compatibility with Barra's Real Estate Portal; 2. has a liquidity model, that can provide liquidity ladders and also is compliant with ESM Liquidity Stress Testing requirements; 3. provides AIFMD reporting as a managed service, driven by the positions loaded into the Risk system; 4. provides exposure reporting for all asset classes; 5. has the ability to add an unlimited amount of user data and categorisations to positions; 6. has the ability to create user defined, calculated metrics for reporting purposes; 7. has all three types of VaR model (Parametric, Historical and Monte-Carlo) and can incorporate fat tails into the VaR methodology; 8. provides stress testing of: a. historical scenarios b. hypothetical scenarios (correlated and uncorrelated) 9. subject to licencing, has the ability to load all of LPPI's fund risk and performance benchmarks; 10. can represent the LPPI fund view as well as the client view including their balance sheet assets; and 11. can support climate change data and tools that effectively work alongside risk management data and tools.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/023506-2022 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Aug 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 May 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £765,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2M 2PF |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bishopsgate |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MSCI INC, MSCI LIMITED AND AFFILIATES |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48411000 - Investment management software package

## Release History

- 23 Aug 2022 at 14:43 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/023506-2022

## Notice URLs

- https://www.gov.uk/courts-tribunals
- https://www.localpensionspartnership.org.uk/

## 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-h6vhtk-03622c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03622c.json.