LGPS Central Stewardship Provider

Contract summary

Industry

• Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

West Midlands

Value of contract

£1,120,000

Procurement reference

PP18160

Published date

3 December 2018

Closing date

3 September 2018

Contract start date

4 October 2018

Contract end date

3 December 2025

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

LGPS Central are seeking to appoint a supplier for the provision of stewardship services, covering shareholder voting and engagement. LGPS Central wish to appoint a provider that can demonstrate an ability to engage and vote in a way that both supports the long-term economic interests of our clients and partner funds, and that is conducive to LGPS Central's vision of responsible investment . The preferred supplier will be able to provide voting and engagement services to members of the investment team, in support of investment processes. LGPS Central is a global investor and the successful supplier will demonstrate truly global coverage in respect of its stewardship services. Whilst volume and coverage are important, LGPS Central seek a supplier that demonstrates high quality research, intimate knowledge of companies, clear understanding of global corporate governance standards and local application, and a systemic appreciation for financial materiality. The successful provider will be expected to provide insights of genuine value to the investment team. The preferred supplier will have an excellent suite of reporting materials, both off-the-shelf and client-customised, enabling LGPS Central to provide in turn high quality reporting to its clients, partner funds and the wider public. Recognising the motivations behind the project of LGPS asset pooling, the successful supplier will strive for continuous improvement, whilst aiming for ever greater cost efficiency.

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More information

Additional text

This has been awarded via a Further Competition under the National LGPS Stewardship Advisory Services Framework - Lot 3 Voting and Engagement

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Award information

Awarded date

7 September 2018

Contract start date

4 October 2018

Contract end date

3 December 2025

Total value of contract

£1,120,000

This contract was awarded to 1 supplier.

Hermes Equity Ownership Services Limited

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About the buyer

Contact name

Jessica Prince

Address

Civic Centre,St Peters Square
WOLVERHAMPTON
WV11RL
England

Telephone

01902555065

Email

jessica.prince@wolverhampton.gov.uk