London & Quadrant Housing Trust Staff Benefits Plan is looking for a provider of pension administration, investment advice and actuarial support for both its defined benefit and defined contribution sections, said Tony Mummery, trustee for the plan.
The retirement fund currently splits these services between Capita, which provides administration and actuarial services, and Barnett Waddingham, which provides investment advice.
Mr. Mummery said the trustees are now looking to combine these services under one provider, resulting in a three-year contract, with the option to extend for two one-year periods. He said both Capita and Barnett Waddingham are invited to rebid.
The DB plan has £88 million ($148.2 million) in assets; the size of the DC plan could not be learned by press time.
Further details can be obtained on European procurement website Tenders Electronic Daily. Proposals are due July 22. A decision is expected by November, with the new contract due to start early next year, Mr. Mummery said.
