The National LGPS Frameworks is pleased to announce the launch of its new Cost Transparency and Benchmarking Services Framework, providing Local Government Pension Scheme (LGPS) funds with a comprehensive and compliant route to access specialist transparency and benchmarking services.
This framework marks a significant milestone as the first iteration of its kind and represents a new partnership between the National LGPS Frameworks and the Scheme Advisory Board. It builds on the Board’s pivotal work in developing and promoting the LGPS Code of Transparency.
Framework structure
The framework is divided into two distinct Lots, allowing LGPS funds to access services aligned to their specific requirements:
- Lot 1: Investment Cost Data Collation and Reporting Services
- Lot 2: Investment Cost Data Analysis and Benchmarking Services
This structure enables administering authorities to procure services individually or in combination, ensuring flexibility and a tailored approach to meeting transparency objectives.
Press Release
We, together with the Scheme Advisory Board (SAB), have issued a joint press release. You can read it by clicking the link below, which will open as a PDF.
Press-Release-Cost-Transparency-and-Benchmarking-Framework-11052026
File last updated: 14 May 2026
Acknowledgements
Thank you to the Founders who worked with us in setting up the Framework, alongside procurement and legal specialists from Norfolk County Council:
- Essex Pension Fund
- Greater Gwent Pension Fund
- Greater Manchester Pension Fund
- Lincolnshire Pension Fund
- Local Government Pension Advisory Board (SAB)
- Scottish Borders Pension Fund
- South Yorkshire Pensions Authority
Further information
Further details on the Cost Transparency and Benchmarking Services Framework including introductory documentation and additional information can be found by clicking on the button below.
If you are interested in using this Framework or have any questions, please contact us on nationallgpsframeworks@norfolk.gov.uk, or call 01603 306846.
