Prior information notice
This notice is for prior information only
Section I: Contracting
authority
I.1) Name and addresses
Flintshire County Council
County Hall, Mold
Flintshire
CH7 6NA
UK
Telephone: +44 1352701814
E-mail: procurement@flintshire.gov.uk
NUTS: UKL23
Internet address(es)
Main address: www.flintshire.gov.uk
Address of the buyer profile: http://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0419
I.3) Communication
Additional information can be obtained from the abovementioned address
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Regulated third party operator to provide a series of collective vehicles for the Wales LGPS
II.1.2) Main CPV code
66131100
II.1.3) Type of contract
Services
II.1.4) Short description
The Welsh LGPS Pension Funds wish to appoint a regulated third party operator to provide one or more collective vehicles in order to benefit from economies of scale from the management of Welsh pension fund assets. Further background can be found in the attached July submission. The administering authorities are considering the scope and specification of services required. At the end of the fixed contract term the authorities will have the option of re-tendering the services to a third party or transferring the services to an owned entity. This PIN process will (a)help inform the specification of services for an Invitation to Tender (ITT)which is expected to follow later this year and (b)identify suppliers who may be interested in bidding. The tender may be divided into lots for “core” services and one or “additional services”. A final decision on the form of tender process has not yet been made (e.g. full OJEU process or a non-OJEU process under financial services exemption).
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKL23
II.2.4) Description of the procurement
Respondents may include organisations who offer 1)only core services* or 2)core services and some/all of the additional services in II.2.14
*It is recognised that suppliers may or may not sub-contract elements of the core and additional services to its own third party suppliers where regulations permit* The operator is expected to have the ability to provide the following “core services” 1)establish and operate an ACS and other regulated and unregulated vehicles as required 2)prepare, maintain and adhere to policies and processes required by regulators (including the FCA) in relation to the operation of selected investment vehicles including provision of regulatory capital 3)establish and manage a range of sub-funds 4)carry out due diligence, contract with, monitor and provide oversight of investment managers and other third parties 5) report investment manager performance to funds/pool 6)maintain pricing of assets/shares, publish prices, issue/redeem shares
II.2.14) Additional information
“Additional services” required may include the ability to:
provide investment vehicles for the sole use of the Welsh pool
leverage business relationships to secure fee savings
advise on addition of sub funds
manage/oversee transition activity
monitor/act on triggers
manager monitoring/research/selection
enhanced performance/risk reporting
facilitate tax advice related to vehicle selection
II.3) Estimated date of publication of contract notice:
10/10/2016
Section IV: Procedure
IV.1) Description
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
Section VI: Complementary information
VI.3) Additional information
Organisations potentially interested in taking part in the procurement exercise expected to follow this PIN should respond to Procurement@Flintshire.gov.uk by 7th September.In your response please provide 1)The name of the company or companies that would provide the services 2)Confirmation of your ability to provide the core services 3) An indication as to which of the additional services you may wish to provide.Depending on the number of responses received the administering authorities will then host either one to one meetings with respondents or an engagement event for all respondents to discuss requirements with interested parties in more detail. It is intended that any preliminary engagement events will take place in Cardiff before the end of September.
NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at http://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=50154.
(WA Ref:50154)
VI.5) Date of dispatch of this notice
12/08/2016
Information added to the notice since publication.
Additional information added to the notice since it's publication.
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No further information has been uploaded.
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Commodity Categories
Commodity Categories
| 66131100 | Pension investment services | Security brokerage services |
Delivery Locations
Delivery Locations
| 1023 | Flintshire and Wrexham |
Alert Region Restrictions
The buyer has restricted the alert for this notice to suppliers based in the following regions.
Alert Region Restrictions
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There are no alert restrictions for this notice.
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