Contracts FinderAwarded contract
Published 9 Feb 2022

Contracts Finder notice

CST004 Derbyshire Pension Fund External Advisor

Authority: Derbyshire County Council

Open procedure
CPV: Insurance and pension services (66500000)
Published contract value£125,000Exc. VAT
Contract ends 30 Jun 2027
Awarded to MJ Hudson Investment Advisers Ltd
Contract starts 1 Jul 2022

What is being bought

Published requirement description

The Derbyshire Pension Fund (DPF or the Fund), administered by Derbyshire County Council (the Council), has assets under management of around £6.3bn. There are approximately 330 employers in the Fund, including Derbyshire County Council, Derby City Council, all the district and borough councils in Derbyshire, Peak District National Park Authority, Derbyshire Police Authority, Derbyshire Fire Authority, Derby College, Chesterfield College, University of Derby, a host of town and parish councils and a large group of smaller employers via admission arrangements. At 31 December 2021, the Fund had 104,000 member records, comprising 38,000 active records, 33,000 deferred beneficiary records and 33,000 records in respect of members in receipt of a pension.

The fixed term agreement with the Fund's current external advisor expires on 30 June 2022. Therefore, the Fund's Pensions and Investments Committee is seeking to appoint a new external advisor by the end of June 2022 so that they can attend their first Pensions and Investments Committee meeting in September 2022. The contract will be for a fixed term period of three years with an option for the Council to award annual extensions for a further two years (i.e. a total of five years).

Published procurement details

Procedure
Open procedure
Buyer reference
DERBSCC001-DN596798-49742402
Category
Services
Tender status
Complete
Award status
Active
Suitable for SMEs
Yes
Suitable for voluntary, community and social enterprises
Yes
Published tender value
£130,000.00
Tender deadline
Published
Procurement method
Open
Additional classifications 1: Reference
66140000
Additional classifications 1: Scheme
CPV
Additional classifications 1: Description
Portfolio management services
Additional classifications 2: Reference
66131100
Additional classifications 2: Scheme
CPV
Additional classifications 2: Description
Pension investment services
Item 1: Delivery locations as published
England, United Kingdom

Key dates

Published dates
  1. Notice published
    9 Feb 2022
  2. Award decision
    20 Jun 2022
  3. Contract starts
    1 Jul 2022
  4. Contract ends
    30 Jun 2027

Contracting authority & participating public bodies

Suppliers named on the notice

  • MJ Hudson Investment Advisers LtdSupplier 1 Frederick's Place London EC2R 8AE
    Voluntary, community or social enterprise
    No
    Business size
    SME

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

Source record

Source
Contracts Finder
Notice language
en
Release reference
ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da-2022-07-19T13:58:54+01:00
Published
9 Feb 2022
Latest update
19 Jul 2022
Procedure reference
ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da
Contract reference
ocds-b5fd17-c1105383-285b-475f-af2c-2e3e869397da-1