ACCESS Local Government Pension Schemes Pool Operator
On behalf of the ACCESS Pool Administering Authorities, Kent County Council are seeking to procure the services of an FCA regulated, or or equivalent EEA financial services regulated, CIV Operator.
United Kingdom-Maidstone: Pension fund management services
Section I: Contracting authority
I.1)Name and addresses
Contact person: Mrs Katherine Clark
Telephone: +44 3000411290
NUTS code: UKJ
I.4)Type of the contracting authority
Section II: Object
ACCESS LGPS Pool Operator.
II.1.2)Main CPV code
II.1.3)Type of contract
This procurement is being undertaken by Kent County Council on behalf of the ACCESS (A Collaboration of Central, Eastern and Southern Shires) Pool’s (‘the Pool’) Administering Authorities; a pool of eleven UK Local Government pension schemes as listed in Section II.2.4 below. The contract will also be accessible by any other LGPS Authority (for the list of LGPS member Authorities see http://www.lgpsboard.org/index.php/fund-annual-reports-2016) that joins the Pool at any time.
The object of the procurement is a contract for the services of an FCA regulated, or equivalent EEA financial services regulated, Operator (the ‘Operator’) who will be responsible for establishing and operating an umbrella Authorised Contractual Scheme (‘ACS’) and to facilitate the provision of other collective investment schemes for the benefit of the Pool, exclusively for the Pool.
II.1.5)Estimated total value
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
II.2.4)Description of the procurement:
The ACCESS Pool Administering Authorities are Cambridgeshire County Council, East Sussex County Council, Essex County Council, Hampshire County Council, Hertfordshire County Council, Isle of Wight Council, Kent County Council, Norfolk County Council, Northamptonshire County Council, Suffolk County Council, West Sussex County Council.
On behalf of the ACCESS Pool Administering Authorities, Kent County Council are seeking to procure the services of an FCA regulated, or or equivalent EEA financial services regulated, CIV Operator. The CIV Operator will be responsible for establishing and operating an Authorised Contractual Scheme (ACS) and other collective investment vehicles, exclusively for the Pool, which is expected to have in the region of 25-35 sub-funds. Its key functions will be to establish investment sub-funds, and to appoint, manage and dismiss investment managers of those funds. The Administering Authorities require all major asset classes to be available, including as a minimum, equities, fixed income, multi asset and property. The successful Supplier will provide quarterly reporting to the Pool on a range of monitoring metrics and Key Performance Indicators.
The successful Supplier will be required to apply for and obtain all the necessary regulatory authorisations required to operate the ACS. The supplier will be required to exercise best endeavours to have the ACS ready for investment in order for the transfer of assets to occur.
Further background and technical information can be found within the tender documentation.
Contract award will be based on the Most Economically Advantageous Tender based upon the criteria specified within the Invitation to Tender.
The Administering Authorities may choose to include optional ancillary services as detailed in the Invitation to Tender. These are not part of the core requirement, and do not form any part of the evaluation.
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
The contract is anticipated to commence upon 1.2.2018 and will continue for a period of 5 years with an option to extend for a further period(s) of up to 2 years unless terminated in accordance with the Conditions of Contract on the Kent Business Portal.
II.2.10)Information about variants
II.2.11)Information about options
See Section II.2.4 — Description of the procurement.
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.2.1)Information about a particular profession
The Operator is a full-scope UK AIFM and has obtained Part 4A Permission from the FCA in order to carrying out the regulated activity of ‘managing an authorised AIF’ specified in article 51ZC of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 and is permitted to carry on the activities under FUND 1.4.3 (1),(3),(4) and (6) or the Operator is an EEA AIFM and authorised in an EEA State and the EEA AIFM’s home Member State competent authority has sent the relevant notification forms, in accordance with the requirements of the AIFMD, to the FCA for these purposes.
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.1)Previous publication concerning this procedure
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders
Section VI: Complementary information
VI.1)Information about recurrence
VI.2)Information about electronic workflows
VI.5)Date of dispatch of this notice: