Norfolk County Council, Norwich, England, is preparing to search for providers of actuarial, benefits, risk advisory and governance consultancy services on Jan. 5.
Norfolk County Council is looking for companies for a multi-provider framework that will be split into five lots, according to a notice on European procurement website, Tenders Electronic Daily. As well as actuarial services, benefits consultancy, risk advisory and governance consultancy services, providers will also be required to provide specialist projects consultancy under a so-called framework agreement. These agreements allow pension funds participanting in the framework to select providers from a pre-approved panel, rather than conducting individual searches.
According to the national LGPS frameworks website, a framework already exists for the provision of actuarial services, benefits consultancy, governance consultancy and consultancy to support specialist projects. The providers are Aon, Barnett Waddingham, Equiniti, Hymans Robertson, Isio, Mercer and PricewaterhouseCoopers. This framework expires June 30, 2021, the website said. Whether this framework replaces and extends on the existing one could not immediately be learned.
The search will be conducted on behalf of other U.K. local authorities, which are the administering bodies for the West Midlands Pension Fund, Wolverhampton; Environment Agency Pension Fund, Bristol; Essex Pension Fund, Chelmsford; Clwyd Pension Fund, Mold; Hampshire Pension Fund, Winchester; Lincolnshire County Council Pension Fund, Lincoln; London Borough of Hackney, London; Teesside Pension Fund, Middlesbrough; South Yorkshire Pensions Authority, Barnsley; Suffolk Pension Fund, Ipswich; Surrey Pension Fund, Kingston upon Thames; and Greater Manchester Pension Fund, Droylsden.
Providers will be appointed for four years.
A spokesman could not be reached to provide additional details.