Published date: 12 February 2024

This notice was replaced on 15 May 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 15 May 2024)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Pension investment services - 66131100

Location of contract

ST16 2DH

Value of contract

£175,000

Procurement reference

IA2834

Published date

12 February 2024

Closing date

11 March 2024

Closing time

12pm

Contract start date

1 April 2024

Contract end date

31 March 2030

Contract type

Service contract

Procedure type

Open procedure (below threshold)

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

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Staffordshire County Council is the Administering Authority for the Staffordshire Pension Fund ('the Fund'). The Fund has a total membership of 119,000, consisting of around 34,000 active members, 42,000 retired pensioners and dependants, and 43,000 deferred members. As of 31 December 2023, the assets of the Fund were in excess of £7.1 billion.

The appointment will take the form of a contractual agreement between the appointed provider and Staffordshire County Council, to supply the services outlined below for the Staffordshire Pension Fund, in accordance with the terms agreed in the contract.

The main duties of the independent Investment Adviser are as follows:
• To attend quarterly in person meetings of the Pensions Panel;
• To attend ad-hoc investment strategy, implementation and manager monitoring meetings with Officers and the appointed Investment Consultant;
• To provide ad-hoc advice and attend any other meetings as may be required from time to time.

More information

Links

About the buyer

Contact name

Laura Kendall

Address

Tipping Street
Stafford
ST16 2DH
United Kingdom

Telephone

+441785854656

Email

laura.kendall@staffordshire.gov.uk