Independent Strategy Adviser Contract

Independent Strategy Adviser Contract

The Royal Borough of Windsor and Maidenhead is seeking to appoint an Independent StrategyAdviser to advise the Pension Fund Panel’s Investment Working Group on the strategic asset allocation of the £1.5 billion Royal County of Berkshire Pension Fund.
Council:
Royal Borough of Windsor and Maidenhead
Category:
Consultancy
Financial
DATES
Planned Start Date:
02/07/2012
Planned End Date:
30/06/2014
Last Date for Expressing Interest:
07/05/2012
CONTRACT OPTIONS
OJEU Flag:
No
Open to Other Councils:
No
VALUE
Estimated Quantity:
1
Estimated Annual Value:
20,000
Estimated Total Contract Value:
40,000
COUNCIL CONTACT DETAILS
Name:
Nick Greenwood
Telephone Number:
01628 796701
Email:
nick.greenwood@rbwm.gov.uk
Department:
Royal County of Berkshire Pension Fund
KEYWORDS & NOTES DETAILS
Notes:
The Royal Borough of Windsor & Maidenhead is seeking to appoint an Independent StrategyAdviser to advise the Pension Fund Panel’s Investment Working Group on the strategic asset allocation of the £1.5 billion Royal County of Berkshire Pension Fund. It is anticipated that the adviser will be appointed for an intial term of two years which may be extended up to a further three years at the Council’s sole discretion.
The appointed adviser will be expected to produce a quarterly written report covering investment markets together with a more detailed report on any asset class considered to be “cheap” or “expensive”. Views should be taken on a medium term (2 to 3 years) or longer outlook. The appointed adviser will be expected to attend quarterly Investment Working Group meetings (to be held in Maidenhead) to debate their views as well as up to 4 ad-hoc meetings per annum. The adviser may be requested to assist Officers with particular projects on an ad-hoc basis.
The appointed adviser will not be involved in any investment transactions – any changes to the asset allocation of the Fund will be undertaken by the Council’s officers. It is stressed that views should be medium term in outlook – there is no intention to implement short term tactical asset allocation. The appointed adviser may be asked to become involved in manager selection, hiring or firing.
It is anticipated that a flat annual fee will be paid conmensurate with the fees charged by LGPS Independent Investment Advisers.
For further information please contact Nick Greenwood, Pension Fund Manager either by email (nick.greenwood@rbwm.gov.uk) or phone (07787 196538)
Interested parties should register with this web-site and submit a written proposal to include a fee schedule and CV of the adviser to Nick Greenwood, Pension Fund Manager, Royal Borough of Windsor & Maidenhead, Town Hall, St Ives Road, Maidenhead, SL6 1RF in a sealed envelope clearly marked “Private and Confidential, Independent Strategy Adviser” no later than Thursday 17 May 2012