Published date: 6 August 2015

This notice was replaced on 6 August 2015

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

Awarded contract (published 9 March 2017, last edited 9 March 2017)

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

  • Accounting, auditing and fiscal services - 79200000

Location of contract

North West

Value of contract

£150,000

Procurement reference

AP/CORP/LCC/15/327 - RFQ 5772280

Published date

6 August 2015

Closing date

25 August 2015

Contract start date

1 April 2016

Contract end date

30 September 2019

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?

Yes

Contract is suitable for VCSEs?

Yes

Description

Lancashire and London Pension Partnership (LLPP).
The Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA) have agreed to create an Asset and Liability Management Partnership (ALM) which will involve creating a pool of investment assets in excess of £10bn together with an "end to end" Pension Services Organisation which will provide services related to the management of the two funds through a company structure part of which will be regulated by the Financial Conduct Authority (FCA). There is an ambition to grow the Assets under Management to £40bn and to grow the number of scheme members looked after by the administration business beyond the c 0.5m served by the two current organisations following the securing of the continuation of existing third party business.

Following approval through the appropriate governance structures the two funds are now proceeding to create the LLPP's formal structures, including the appointment of independent Non-Executive Directors and an Independent Chair, and submit applications for regulatory approval to the FCA. The process is being driven to an ambitious timetable in order to maintain momentum with the aim of the LLPP formally launching on 1 April 2016.
Lancashire County Council (as administering authority of LCPF) and LPFA require an External Auditor to provide the external audit of the financial statements for the LLPP and its associated entities, each having a financial year ending on 31 March (2016/2017, 2017/2018, 2018/2019).

More information

Links

Additional text

Please note this procurement is being undertaken by Lancashire County Council on behalf of the Lancashire and London Pensions Partnership. Please see tender documents for further information about the Lancashire and London Pensions Partnership.

About the buyer

Contact name

Andrew Patten

Address

2nd Floor, Christ Church Precinct
County Hall
Preston
PR1 8XJ
England

Telephone

01772 536452

Email

contractscorporate@lancashire.gov.uk