Independent Investment Advisor for the Staffordshire Pension Fund

Contract summary

Industry

• Pension investment services - 66131100

Location of contract

ST16 2DH

Value of contract

£180,000

Procurement reference

IA3198

Published date

14 August 2024

Closing date

26 June 2024

Closing time

12pm

Contract start date

1 September 2024

Contract end date

31 August 2030

Contract type

Service contract

Procedure type

Other: Exemption to own internal procurement rules

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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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.

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More information

Links

• https://supplierlive.proactisp2p.com/Account/Login#
• Bidding documents
• This is an electronic tender and documents should be downloaded from the link above

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Award information

Awarded date

14 August 2024

Contract start date

1 September 2024

Contract end date

31 August 2030

Total value of contract

£180,000

This contract was awarded to 1 supplier.

Carolan Dobson

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About the buyer

Contact name

Laura Kendall

Address

Tipping Street
Stafford
ST16 2DH
United Kingdom

Telephone

+441785854656

Email

laura.kendall@staffordshire.gov.uk