Published date: 10 September 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 4 April 2018

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

West Midlands

Value of contract

£37,000,000

Procurement reference

WOLVCITY001-DN325005-47435987

Published date

10 September 2018

Closing date

4 April 2018

Contract start date

1 October 2018

Contract end date

28 February 2029

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans investments, responsible for AUM in the region of £40 Billion. The company was FCA approved in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active equity managers to manage a fund in the region of £2.5 Billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian.

More information

Previous notice about this procurement

PP18043 - LGPS Central Global Active Equities

  • Opportunity
  • Published 28 February 2018

Additional text

The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA.
The opportunity can be found at www.wolverhamptontenders.com where all bids must be submitted. Please ensure you allow sufficient time to upload your submission. Any queries must also be directed via the portal.

Award information

Awarded date

24 August 2018

Contract start date

1 October 2018

Contract end date

28 February 2029

Total value of contract

£21,720,000

This contract was awarded to 3 suppliers.

NGAM UK Ltd

Address

EC4V 5ER

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Schroder Investment Management Limited

Address

EC2V 7QA

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Union Investment

Address

60311

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Jessica Prince

Address

Civic Centre
St Peters Square
Wolverhampton
WV1 1RL
England

Telephone

+44 1902556556

Email

jessica.prince@wolverhampton.gov.uk

Website

http://www.wolverhampton.gov.uk