Contract for the provision of Investment Consultancy Services for the Staffordshire Pension Fund

Contract summary

Industry

• Banking and investment services - 66100000

Location of contract

West Midlands

Value of contract

£350,000

Procurement reference

IA2124

Published date

3 February 2021

Closing date

23 November 2020

Closing time

12pm

Contract start date

1 April 2021

Contract end date

31 March 2028

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

The Investment Consultancy provider will be required to provide investment consultancy services to the Staffordshire Pension Fund as set out in the framework tender documents. These are:

Proven experience to be able to provide strategic asset allocation advice to an LGPS Fund, this will include: -

- Review of the Fund's investment strategy and investment management structure
- Advise on a cost-efficient implementation of the Fund's investment strategy, taking into account the local government pooling agenda
- Advise on an investment strategy that reflects the Fund's ongoing cashflow position
- Advising on the Investment Strategy Statement
- Advising on alternative investments
- Advise and develop the Fund's policies with regard to Responsible Investment
- Advising on the investment market (at a strategic, individual manager and strategy level) based upon the application of current market intelligence.

It is essential that the investment consultant is able to: -

- Work with the Fund's actuary to ensure that all investment matters are considered in the light of the Fund's liabilities.
- Perform strategic asset liability modelling and model the total fund risk
- Advise on appropriate risk management strategies
- Advise on rebalancing and tactical asset allocation
- Assist the Pensions Panel in facilitating a governance environment in which the Fund's resources (Elected Members time, in house team time and money) are devoted in accordance with the relative importance of the decisions being taken.
- Provide a quarterly report covering the outlook for economies and asset classes invested in by the fund and under consideration for investment.
- Monitoring and reporting of investment managers and producing quarterly based reports based on data provided by the measuring company
- Attendance at meetings as required

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Award information

Awarded date

3 February 2021

Contract start date

1 April 2021

Contract end date

31 March 2028

Total value of contract

£350,000

This contract was awarded to 1 supplier.

HYMANS ROBERTSON LLP

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About the buyer

Contact name

Laura Kendall

Address

Tipping Street
STAFFORD
ST162DH
England

Telephone

01785854657

Email

commercial.team@staffordshire.gov.uk