Norfolk County Council is searching for providers of investment performance and cost monitoring, and reporting services for a multiprovider framework for its local government pension scheme and on behalf of five other authorities.
The council is searching on behalf of the £2.9 billion ($3.6 billion) Norfolk County Council Pension Fund, Norwich, England, and also on behalf of Carmarthenshire, Essex and Staffordshire county councils, Wirral Metropolitan Borough Council, and the London collective investment vehicle, a pooled investment strategy for LGPS funds.
A notice on Norfolk’s procurement website said the framework will be split into three contracts. It will look for providers of investment performance monitoring, a single provider of investment performance comparison and reporting services, and a single provider of investment management cost monitoring and reporting services.
The RFP is available on Norfolk’s procurement website. The deadline for requesting documents is Jan. 9. The contract will be awarded Feb. 16, with a start date of Feb. 17, and will run for four years. No deadline for proposals was provided.
Executives at Norfolk could not be reached for comment by press time.