Overview
Lots
The Framework is split across 4 Lots:
- Lot 1 - Investment Consultancy Services
- Lot 2 - Manager/Fund Search, Selection, Monitoring and Review Services
- Lot 3 - Investment Management Consultancy Related Specialist Services
- Lot 4 - Investment Management Cost Monitoring and Reporting Services
There are 9 providers on the Framework split across the 4 Lots:
| Provider | ||||
|---|---|---|---|---|
| Aon Investments Ltd | ||||
| Apex Investment Advisory | ||||
| Barnett Waddingham LLP | ||||
| Bfinance | ||||
| CEM Benchmarking UK Ltd | ||||
| Gallagher (Administration & Investment) Limited | ||||
| Hymans Robertson LLP | ||||
| Isio | ||||
| Mercer Limited |
FAQs
Procurement can take significant time and money both for the awarding Authority and the Service Provider. The National LGPS Frameworks are fully compliant with the Public Contracts Regulations 2015. It reduces the time and costs associated with the procurement process by offering a facility that has already been competitively tendered. It aims to deliver access at the best possible price to high-quality, efficient and effective Investment Management Consultancy Services Providers. Benefits include:
- Shortened timescales
- Reduced procurement and legal costs
- Robust and transparent process with high level of due diligence and specialist support
- Agreed Terms and Conditions of contract with providers
- Enable access to specialist providers whose experience and quality has been tested
- Comprehensive user documentation and support from Frameworks team
- Provider ceiling prices established
- Possibility to benefit from cumulative rebates
The Investment Management Consultancy Services Framework is available until October 2027.
Please remember if you are using a Framework, your contract award must be completed by the expiry date of the Framework (although contracts let under the Framework can be for longer periods).
You will need to pay a joining fee to use this Framework. The National LGPS Frameworks are a not-for-profit programme established 'by the LGPS, for the LGPS', and the joining fee helps towards the ongoing support and administration of this Framework. The joining fee structure is below:
| Lot | Joining Fee |
| All Lots (maximum fee) | £5,000 |
| Lot 1 | £4,000 |
| Lot 2 | £2,500 |
| Lot 3 | £500 |
| Lot 4 | £500 |
You can either choose to join Lots individually or all Lots of the Framework. Whichever option you choose, you will never be charged more than £5,000 to join the Framework.
There is no charge to view the documents before you make your decision on whether or not you wish to use the Framework.
The Framework may be used by:
- Any LGPS administering authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the Firefighters’ Pension Scheme and Police pension schemes and any of their participating employing Authorities, or in relation to the LGPS in Scotland, any Administering Authority and any of their scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended);
- NILGOSC in Northern Ireland and Employing Authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 SRNI/188 (as amended);
- The Board of the Pension Protection Fund (http://www.pensionprotectionfund.org.uk)
- Any other Administering Authority or organisation of a public sector pension scheme or any public sector body or that requires pension related services;
- Any common Asset Pool or Collective Investment Vehicle established by or on behalf of an Administering Authority or group of Administering Authorities; or any bodies, organisations or companies established by them for the purpose of operating on a collective basis.
The Public Contracts Regulations (PCR) 2015 apply to the Transition Management Investment Management Consultancy Services Framework, including all call-off contracts let via it.