LGPS Central Recruitment
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits below the typical range for Business Services contracts — a smaller, more accessible award. Based on 57,319 valued Business Services tenders in our corpus.
LGPS Central Ltd. has been set up to manage the assets of 9 Midlands-based Local Government Pension Funds on a pooled basis, in line with the wishes and expectations of Central Government.
The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date.
The Funds currently have combined assets of c. £40bn.
LGPS Central will become an Alternative Investment Manager, and as such will be regulated by the Financial Conduct Authority (FCA).
As a result some of the roles within the organisation will require 'approved person' status by the FCA.
In order to ensure that the pool offers the Pension Funds both operational and investment performance excellence LGPS Central is looking to appoint individuals to three keys positions, split into two different lots (one for the Compliance/Legal/Risk posts and one for IT).
Executive Search Firms are being sought to assist in the recruitment of these skilled individuals.
Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions.
The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool, and the individuals are expected to be key in building the processes and operational capabilities of the company.
Submissions are sought from Executive Search Firms that have the experience and market presence to assist LGPS Central in the appointment of these key individuals, with a deadline for their return of 20 April 2017.
These submissions should not stretch to more than eight pages of A4, although CV's of the key individuals that will be responsible for the search may be added as appendices.
Appointment(s) to the tender are expected to be made on or around 28 April 2017.
The appointments are split into 2 Lots: Lot 1 - Chief Risk Officer (1) and Head of Legal/Compliance (1) Lot 2 - Head of Information Technology (1) There is a possibility that the same firm will be appointed to both Lots, but firms may apply for either or both.
What the notice asks for
The first assets are expected to
The first assets are expected to be transferred in April 2018 and considerable work has already been carried out to ensure that the necessary infrastructure will be in place in time for this date.
Search Firms may apply for one
Search Firms may apply for one of the lots or both, but if applying for both they must be by way of separate submissions.
The appointments are expected to become effective
The appointments are expected to become effective well in advance of the date that the first assets will be transferred to the pool, and the individuals are expected to be key in building the processes and operational capabilities of the company.
These submissions should not stretch to more
These submissions should not stretch to more than eight pages of A4, although CV's of the key individuals that will be responsible for the search may be added as appendices.
Appointment(s) to the tender are expected
Appointment(s) to the tender are expected to be made on or around 28 April 2017.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
What this notice demands of you
1 named, none in explicit obligation language. Each one is quoted from the notice.
LGPS Central will become an Alternative Investment Manager, and as such will be regulated by the Financial Conduct Authority (FCA).
Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.
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- OCID
- b6322e02-135d-4535-b7de-7569b0eb7568
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- PP17068/2
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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