Awarded
PP16162 — LGPS Central Depositary and Asset Services.
Descriptions
Eight Local Government Pension Funds, all based in the Midlands, intend to create an investment pool which will see the creation of a multi asset investment pool of 35 000 000 000 GBP. The Participating Funds in the LGPS Central Investment Pool are Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands (including the West Midlands Integrated Transport Authority) and Worcestershire.The collaboration will aim to deliver cost savings and to build on the individual participating Funds' strong investment performances by providing scale, increased resilience, knowledge sharing and robust governance and decision making arrangements.Individual participating Funds will continue to retain their separate identities and local accountability. The collaboration will offer an equal say in the oversight of the new entity to each participating Fund.
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CPV Codes
66000000 - Financial and insurance services
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Possible Competitors
1 Possible Competitors
