Pension Fund Investment Management Arrangement for Wiltshire Council

Pension Fund Investment Management Arrangement for Wiltshire Council

The management of a portfolio of investments in Global Emerging Markets Multi Asset (mainly bonds and equities) with an estimated initial value of GBP 140 million.

United Kingdom-Trowbridge: Pension investment services

2013/S 137-238439

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

Wiltshire Council as lead authority for the Wiltshire Pension Fund
Bythesea Road
For the attention of: David Anthony
BA14 8JN Trowbridge
UNITED KINGDOM
E-mail: david.anthony@wiltshire.gov.uk

Internet address(es):

General address of the contracting authority: http://www.wiltshirepensionfund.org.uk/

Further information can be obtained from: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Chris Stevens / Julien Barral
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478618
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.co.uk

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Chris Stevens / Julien Barral
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478618
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.co.uk

Tenders or requests to participate must be sent to: bfinance
Clareville House, 26-27 Oxendon Street
For the attention of: Chris Stevens / Julien Barral
SW1Y 4EL London
UNITED KINGDOM
Telephone: +44 2077478618
E-mail: financialinstitutions@bfinance.com
Fax: +44 2079301540
Internet address: www.bfinance.co.uk

I.2)Type of the contracting authority

Regional or local authority
I.3)Main activity

Other: Pension Fund
I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract by the contracting authority:

Pension Fund Investment Management Arrangement
II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6: Financial services a) Insurances services b) Banking and investment services
Main site or location of works, place of delivery or of performance: Wiltshire Pension Fund, Wiltshire Council – Bythesea Road,Trowbridge, Wiltshire, BA14 8JN.
NUTS code UKK15

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement
II.1.5)Short description of the contract or purchase(s)

The management of a portfolio of investments in Global Emerging Markets Multi Asset (mainly bonds and equities) with an estimated initial value of GBP 140 million.
II.1.6)Common procurement vocabulary (CPV)

66131100

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): yes
II.1.8)Lots

This contract is divided into lots: no
II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract
II.2.1)Total quantity or scope:

The assets to be managed are valued at approximately GBP 140 million.
II.2.2)Information about options

Options: no
II.2.3)Information about renewals

This contract is subject to renewal: no
II.3)Duration of the contract or time limit for completion

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: As detailed in the tender documentation.
III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: As detailed in the tender documentation.
Minimum level(s) of standards possibly required: As detailed in the tender documentation.
III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
As detailed in the tender documentation.
Minimum level(s) of standards possibly required:
As detailed in the tender documentation.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts
III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision: Firms must be Financial Conduct Authority (FCA) authorised or similarly authorised within the European Economic Area (EEA).
Firms who are willing to obtain FCA or EEA authorisation will be considered.
III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: yes

Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure

Open
IV.1.2)Limitations on the number of operators who will be invited to tender or to participate
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria
IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document
IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority:
IV.3.2)Previous publication(s) concerning the same contract

no
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate

29.8.2013 – 12:00
IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender

in days: 6 (from the date stated for receipt of tender)
IV.3.8)Conditions for opening of tenders

Date: 29.8.2013
Place:

Clareville House, 26-27 Oxendon Street, London SW1Y 4EL

Persons authorised to be present at the opening of tenders: yes
Additional information about authorised persons and opening procedure: Suppliers are not able to attend.

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information

It is intended that the contract will continue in force until such time as is determined in accordance with the
provisions contained in the contract
VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures

See section VI.4.2
See section VI.4.2

VI.4.2)Lodging of appeals

Precise information on deadline(s) for lodging appeals: Wiltshire Council will incorporate a minimum 10 calendar day stand-still period at the point information on the award of the contract is communicated to tenderers. This period allows unsuccesful tenderers to seek further debriefing from the contracting authority before the contract is entered into, in line with the new Remedies Directive. Applicants have 2 working days from the notification of the award decision to request additional debriefing and that information should be required from the contract in part I.1. If an appeal regarding the award of a contract has not been successfully resolved the Public Contracts Regulations 2006 (SI 2006 No.5) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the
High Court (England, Wales & Northern Ireland). In accordance with the Public Contract Regulations 2006 (as amended) a claimant must generally start proceedings in the High Court within 30 days beginning with the date on which he first knew or ought to have known that grounds for bringing such proceedings had arisen. Where a contract has not been entered into, the Court may order the setting aside of the award decision or order the EN Standard form 02 – Contract notice 12 / 16
authority to amend any document and may award damages. If the Contract has been entered into, the Court may only award damages.
VI.4.3)Service from which information about the lodging of appeals may be obtained

Wiltshire Council as lead authority for the Wiltshire Pension Fund
Bythesea Road
BA14 8JN Trowbridge
UNITED KINGDOM

VI.5)Date of dispatch of this notice:16.7.2013