Closed tender

Independent Investment Adviser Services

Details

Topic
Pension investment services
Published
31 October 2025
Submission
1 December 2025

Tender description

The Adviser must produce quarterly analyses and recommendations for the Pensions Committee meetings, attend the Committee meetings in person to brief the Committee on performance. Recommendations will be related to changes in the investment asset allocations and other matters as detailed in the Service Description section below. The adviser will give an opinion on Bromley’s investments in equities, bonds, property, and other asset classes at key dates, and support the committee in scrutinising investment managers’ performance. Furthermore, the adviser will be expected to maintain and update Bromley’s climate change annual report. Keywords: Pension

Timeline

  1. Completed: Tender published31 October 2025
    Current notice
  2. Completed: Submission date1 December 2025

About the buyer

London Borough of Bromley buys as a local authority, with its own procurement team based at the Civic Centre. Contract opportunities are advertised through ProContract, accessed via the London Tenders Portal used by councils across London. Suppliers register free on the portal to receive notifications and access tender documents for advertised opportunities. Larger contracts also appear on Contracts Finder and Find a Tender, the national procurement portals. The council's contract procedure rules set out how procurement is carried out for different types of contract. Procurement decisions aim for value for money through competition between suppliers.

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 London Borough of Bromley's contract awards have been in construction work, software and information systems and health and social work.

Relevant CPV codes

  • 66131100 · Pension investment services

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