Buyer Name: LGPS CENTRAL LIMITED
Buyer Address: 1st Floor I9, Wolverhampton, UKG39, WV1 1LD, United Kingdom
Contact Email: procurement@lgpscentral.co.uk
Buyer Name: LGPS CENTRAL LIMITED
Buyer Address: 1st Floor I9, Wolverhampton, UKG39, WV1 1LD, United Kingdom
Contact Email: procurement@lgpscentral.co.uk
Following the outcome of the government's 'Fit for Future' consultation, LGPS Partner Funds are required to take their primary advice on strategic asset allocation from their chosen asset pool (LGPS Central Limited being one of those asset pools). Partner Funds' pension liabilities under membership of the LGPS are defined benefit in nature. By this, we mean that pension promises are made to members, and Partner Funds set aside large pools of assets held collectively, and in order to meet those pension promises. Strategic asset allocation decisions therefore require some consideration of those liabilities, including the impact on contributions requirements (to cover both ongoing accrual of benefits and any asset shortfall which may have arisen), as well as the likely investment returns (and uncertainty thereof) from the assets held. A robust, good quality investment strategy modelling capability is therefore required to support the delivery of tailored strategic advice to Partner Funds. This requirement stems from the complexity of investment strategy decisions, the need for regulated and evidence-based advice, and the expectation of future-proofing capabilities such as scenario modelling and whole-of-fund management.
No linked documents found for this notice.
External Link: https://in-tendhost.co.uk/lgpscentral/
Link Description: Please find the tender documentation for this procurement at https://in-tendhost.co.uk/lgpscentral/
External Link: https://www.find-tender.service.gov.uk/Notice/082299-2025
Link Description: Tender notice on Find a Tender
Lot 1 Status: active
Lot 1 Value (Gross): GBP 4,320,000
Lot 1 Contract Start: 2026-04-01T00:00:00+01:00
Lot 1 Contract End: 2029-03-31T23:59:59+01:00
Lot 1 Award Criterion (quality): Investment Economic Scenario Generation engine (10%)
Lot 1 Award Criterion (quality): Suitability of modelling methodology (10%)
Lot 1 Award Criterion (quality): Model output appropriateness (10%)
Lot 1 Award Criterion (quality): Treatment of liabilities and calibration process (15%)
Lot 1 Award Criterion (quality): Initial calibration support and suitability of plans to ensure eventual self-sufficiency (15%)
Lot 1 Award Criterion (quality): Presentation (10%)
Lot 1 Award Criterion (price): Price (30%)
Document Description: Not published
Document Description: Please find the tender documentation for this procurement at https://in-tendhost.co.uk/lgpscentral/
Document Description: Tender notice on Find a Tender
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