Decision details

Pension Fund Procurement for Actuarial Services and for Investment Consultancy Services

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek Cabinet approval to re-procure the two contracts via the National Local Government Pension Scheme (LGPS) Frameworks, approve the tender documents and award the contracts.

 

Decisions:

Having agreed to note the confidential appendix to the officer report, Cabinet

 

RESOLVED:  That

 

(1)            the proposed arrangements for procuring two contracts - Pension Fund Actuarial Advice Services and Pension Fund Investment Consultancy Services - be approved;

 

(2)            the commencement of the re-procurement of the two contracts via the National Local Government Pension Scheme (LGPS) Frameworks, be approved; and

 

(3)            the Director of Finance and Assurance (Section151 Officer), following consultation with the Portfolio Holder for Finance and Human Resources be authorised to approve the tender documents and award the contracts once tenders had been received and evaluated.

 

Reason for Decision:  To facilitate a compliant procurement and ensure that the Council continued to have contracts in place to enable it to obtain the appropriate expertise and advice so as to meet its statutory obligations as the administering authority for the London Borough of Harrow Pension Fund.

Report author: Director of Finance

Publication date: 26/05/2023

Date of decision: 25/05/2023

Decided at meeting: 25/05/2023 - Cabinet

Effective from: 03/06/2023

Accompanying Documents: