---
title: "Contract Award for the provision of Pension Fund Investment Management Consultancy Services"
ocid: "ocds-h6vhtk-03fa95"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03fa95"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03fa95.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03fa95.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA"
published: "2023-09-06"
---

# Contract Award for the provision of Pension Fund Investment Management Consultancy Services

Buyer: THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA  
Current stage: Award  
OCID: ocds-h6vhtk-03fa95

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## Summary

The Royal Borough of Kensington & Chelsea has recently awarded a contract to Mercer Ltd for the provision of Pension Fund Investment Management Consultancy Services. The contract, established for an initial 3 years from 1 September 2023, with a possible extension of 2 years, was procured via a further competition under the National LGPS Frameworks. The procurement method used was an Award procedure without prior publication. The procurement falls outside the scope of the directive, with the procurement method rationale being a Framework call-off contract. The contract is valued at GBP 500,000 and is currently active, with the buying organisation located in London, UK, in the services industry category.

This tender for Pension Fund Investment Management Consultancy Services provides an opportunity for businesses in the consultancy services sector, particularly those with expertise in pension fund investment management. The contract includes a range of advisory services related to investment management support and collaboration with the fund's actuary. Businesses that can demonstrate proficiency in Method Statements, Social Value, Presentation, and Price components stand a good chance to compete effectively in this procurement process. The Royal Borough of Kensington & Chelsea invites interested businesses to explore further details on their procurement profile for potential business growth opportunities.

## Notice

The Royal Borough of Kensington & Chelsea (RBKC) has awarded a consultancy services contract to Mercer Ltd. The contract is for the provision of pension fund investment management consultancy and was procured using the National LGPS Frameworks under the Investment Management Consultancy Services Framework Agreement (NCCT42289) Lot 1-Investment Consultancy Services via a further competition. The contract was established for an initial duration of 3 years from 1 September 2023, with the option to extend for 2 years at the RBKC's discretion.

### Lot Information

Lot 1

The Investment Consultant is contracted to provide a wide range of advisory services in relation to investment management support and work with the fund's actuary on an on-going basis in respect of the integrated management of fund assets and liabilities.

### Procurement Information

Framework call-off contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/026385-2023 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| 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 | 6 Sep 2023 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 30 Aug 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £500,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA |
| Locality | LONDON |
| Post town | West London |
| Postcode | W8 7NX |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI33 Kensington & Chelsea and Hammersmith & Fulham |
| Local authority | Kensington and Chelsea |
| Electoral ward | Campden |
| Westminster constituency | Kensington and Bayswater |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MERCER |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66523000 - Pension fund consultancy services

## Release History

- 6 Sep 2023 at 15:28 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/026385-2023

## Notice URLs

- http://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
- http://www.rbkc.gov.uk
- http://www.rbkc.gov.uk/business-and-enterprise/business-opportunities-and-procurement/procurement-borough

## 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-03fa95. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03fa95.json.