This is a contract result notice, not an open opportunity. Details from the official award data.

The procurement contact named on the official notice.

Following the outcome of the government's 'Fit for Future' consultation, LGPS Partner Funds are required to take their primary advice on strategic asset allocation from their chosen asset pool (LGPS Central Limited being one of those asset pools).

Partner Funds' pension liabilities under membership of the LGPS are defined benefit in nature.

By this, we mean that pension promises are made to members, and Partner Funds set aside large pools of assets held collectively, and in order to meet those pension promises.

Strategic asset allocation decisions therefore require some consideration of those liabilities, including the impact on contributions requirements (to cover both ongoing accrual of benefits and any asset shortfall which may have arisen), as well as the likely investment returns (and uncertainty thereof) from the assets held.

A robust, good quality investment strategy modelling capability is therefore required to support the delivery of tailored strategic advice to Partner Funds.

This requirement stems from the complexity of investment strategy decisions, the need for regulated and evidence-based advice, and the expectation of future-proofing capabilities such as scenario modelling and whole-of-fund management.