Expired contract

Cambridgeshire County Council - Independent Investment Adviser to the Cambridgeshire Pension Fund.

Details

Supplier(s)
bfinance UK Ltd
Value
£90,000
Duration
3 years
Topic
Financial consultancy services
Published
13 November 2020

Tender description

Cambridgeshire Pension Fund's investment strategy continues to evolve to meet the Fund's objectives whilst managing an appropriate level of risk. As dictated by the LGPS Investment Regulations, the Fund takes advice from its Investment Consultants Mercer Ltd Whist the ISC receive comprehensive briefing and training from Mercer, in this increasingly complex environment, it is suggested that members would find it beneficial to have a second opinion from an Independent Adviser with industry experience (gained either as a fund manager or a senior LGPS officer). This would provide a different insight into investment solutions and knowledge of what products and solutions are being adopted by other LGPS funds (who are not Mercer clients). The Fund is looking for high quality independent advice, which at times may challenge the views of the Investment Sub Committee, the officers, the investment consultants, external fund managers as well as other service providers to the Fund, and bring a new perspective to the discussion.

Timeline

  1. Completed: Award date9 November 2020
  2. Completed: Award published13 November 2020
    Current notice
  3. Completed: Contract expiry date8 November 2023

About the buyer

Cambridgeshire County Council buys as a local authority for Cambridgeshire, with a dedicated procurement and commercial team supporting suppliers. Most tenders are published through ProContract, the council's electronic procurement system. Larger procurements also appear nationally on Find a Tender, the government's procurement portal. Health related contracts are commissioned through the Provider Selection Regime instead. The children's commissioning team runs dynamic purchasing systems for external placements, home and community support and supported accommodation for young people. A separate dynamic purchasing system covers education and social care transport, from minibuses to taxis.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Cambridgeshire County Council's contract awards have been in health and social work, construction work and IT services.

Relevant CPV codes

  • 66171000 · Financial consultancy services
  • 66500000 · Insurance and pension services

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