Investment Management Consultancy Services

Contract summary

Industry

• Pension fund consultancy services - 66523000

Location of contract

Northern Ireland

Value of contract

£0

Procurement reference

NCCT42289

Published date

12 June 2025

Closing date

11 November 2024

Closing time

3pm

Contract start date

10 April 2025

Contract end date

31 March 2032

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

NILGOSC wishes to appoint an Investment Advisor who will be the principal source of expert advice to the Officers and the Management Committee (the Committee).

The Supplier must be authorised to provide investment advisory services within the United Kingdom and demonstrate that it provides such services in accordance with the relevant professional standards.

The Supplier must be able to provide advice in respect of the following areas in line with NILGOSC's status as a public sector pension scheme and non-departmental public body:

• Setting appropriate investment objectives and an investment strategy to deliver the objectives
• Asset Allocation
• Statement of Investment Principles
• Investment Manager Research and Selection
• Investment Manager Monitoring
• Performance Measurement and Evaluation
• Global Custody
• Responsible Investment
• Additional Voluntary Contribution Investments

The Supplier will possess an up-to-date knowledge and understanding of all relevant government legislation, codes of practice, guidance issued by United Kingdom and Northern Ireland Government Departments and professional bodies and issues both nationally and locally.

The Supplier will be expected to appoint a nominated Lead Investment Advisor (the Advisor) who will have lead responsibility for delivering the requirements of the investment advisory service. The Advisor will liaise with and provide advice and information to NILGOSC's executive Officers (the Officers) and will report at Management Committee meetings.

The Advisor, supported by an experienced team with investment advisory expertise, will be required to provide information and guidance on issues that impact on the Fund. The Advisor will also be required to draw to NILGOSC's attention any relevant issues, and to identify developments and changes required, to ensure that NILGOSC is kept informed of, and is compliant with best practice. The Advisor will also be required to advise on NILGOSC's Statement of Investment Principles (SIP) and to assist with implementation of changes to the asset allocation, if required.

The Advisor will be required to prepare for and attend quarterly Committee meetings or more often as required. The Advisor will also be required to prepare for and attend a triennial strategic review with the Committee and Officers to review the investment strategy and asset allocation for the Fund, or other relevant issues as required.

Proposals are invited for the supply of Investment Consultancy Services (Lot 1); Manager/Fund Search, Selection, Monitoring and Review Services (Lot 2); and Investment Management Consultancy Related Specialist Services (Lot3) under the National LGPS Framework reference NCCT42289. This contract will be awarded under the terms and conditions of the Framework and variations to the Call-Off Terms and Conditions attached will be considered and accepted or rejected, at the discretion of NILGOSC. NILGOSC wishes to appoint a single provider.

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Award information

Awarded date

10 April 2025

Contract start date

10 April 2025

Contract end date

31 March 2032

Total value of contract

£0

This contract was awarded to 1 supplier.

Isio Group Limited

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About the buyer

Contact name

Linzi McWilliams

Address

411 Holywood Road
BELFAST
BT42LP
Northern Ireland

Telephone

0345 3197 320

Email

linzi.mcwilliams@nilgosc.org.uk