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AwardedFind a Tender · award

Investment Strategy Modelling

Buyer: LGPS CENTRAL LIMITED →

View official notice ↗Official source

BuyerLGPS CENTRAL LIMITED
StatusAwarded
Deadline16 Jan 2026
Value£4,320,000
Published18 Jun 2026

What is being bought

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.

Lot details

Lot 1

No lot description published.

Statuscomplete

Comparable-procurement analytics

No usable CPV category has been published, so a comparable market set cannot yet be built.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

1

Statusactive
Value£2,616,000

Documents & submission route

  • Not published

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-05a573
Latest release ID057797-2026
Latest release timestampThu Jun 18 2026 19:19:47 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLhttps://www.find-tender.service.gov.uk/Notice/082299-2025
Tender statuscomplete
Procurement methodopen
Procurement method detailsCompetitive flexible procedure
Main procurement categoryNot published
Above thresholdNot published
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source0
Tender documents in source1
Awards in latest release1
Contracts in latest release1
Parties in latest release2

Notice history

DateEventReference
18 Jun 2026award, contract057797-2026
24 Mar 2026award, contract026679-2026
12 Dec 2025tender082299-2025
1 Oct 2025planning061127-2025

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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Complete JSON history (4 releases)
18 Jun 2026 · 057797-2026 · award, contract
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24 Mar 2026 · 026679-2026 · award, contract
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12 Dec 2025 · 082299-2025 · tender
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            "id": "79412000",
            "scheme": "CPV",
            "description": "Financial management consultancy services"
          }
        ]
      }
    ],
    "title": "Investment Strategy Modelling",
    "value": {
      "currency": "GBP",
      "amountGross": 4320000
    },
    "status": "active",
    "documents": [
      {
        "id": "conflictOfInterest",
        "description": "Not published",
        "documentType": "conflictOfInterest"
      },
      {
        "id": "L-1",
        "url": "https://in-tendhost.co.uk/lgpscentral/",
        "description": "Please find the tender documentation for this procurement at https://in-tendhost.co.uk/lgpscentral/",
        "documentType": "biddingDocuments"
      },
      {
        "id": "082299-2025",
        "url": "https://www.find-tender.service.gov.uk/Notice/082299-2025",
        "format": "text/html",
        "noticeType": "UK4",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "datePublished": "2025-12-12T09:42:08Z"
      }
    ],
    "procedure": {
      "features": "This Competitive Flexible Procedure will comprise of a single response to this invitation to Tender (ITT).\nResponses to this ITT will be evaluated in four (4) assessment stages, including an interim assessment stage.\nSee ITT document for more information."
    },
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "awardPeriod": {
      "endDate": "2026-03-01T23:59:59Z"
    },
    "description": "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).  \nPartner 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.  \nA 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.",
    "riskDetails": "Please see ITT for more information.",
    "tenderPeriod": {
      "endDate": "2026-01-16T12:00:00Z"
    },
    "aboveThreshold": true,
    "submissionTerms": {
      "languages": [
        "en"
      ],
      "electronicSubmissionPolicy": "allowed"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://in-tendhost.co.uk/lgpscentral/\nPlease see ITT for further information.",
    "procurementMethodDetails": "Competitive flexible procedure"
  },
  "parties": [
    {
      "id": "GB-COH-10425159",
      "name": "LGPS CENTRAL LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKG39",
        "country": "GB",
        "locality": "Wolverhampton",
        "postalCode": "WV1 1LD",
        "countryName": "United Kingdom",
        "streetAddress": "1st Floor I9"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - sub-central government"
          }
        ]
      },
      "identifier": {
        "id": "10425159",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "procurement@lgpscentral.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PVZL-3598-XMXZ",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "initiationType": "tender"
}
1 Oct 2025 · 061127-2025 · planning
{
  "id": "061127-2025",
  "tag": [
    "planning"
  ],
  "date": "2025-10-01T09:15:46+01:00",
  "ocid": "ocds-h6vhtk-05a573",
  "buyer": {
    "id": "GB-COH-10425159",
    "name": "LGPS CENTRAL LIMITED"
  },
  "tender": {
    "id": "LGPSC0035",
    "lots": [
      {
        "id": "1",
        "status": "planning",
        "hasRenewal": true,
        "contractPeriod": {
          "endDate": "2029-03-01T23:59:59Z",
          "startDate": "2026-03-02T00:00:00Z",
          "maxExtentDate": "2035-03-01T23:59:59Z"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "additionalClassifications": [
          {
            "id": "79412000",
            "scheme": "CPV",
            "description": "Financial management consultancy services"
          }
        ]
      }
    ],
    "title": "Investment Strategy Modelling",
    "value": {
      "amount": 3150000,
      "currency": "GBP",
      "amountGross": 3780000
    },
    "status": "planning",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "LGPS Central Limited are looking to procure a robust investment strategy modelling capability. \nThis is required to support the delivery of tailored strategic advice to Partner Funds. The requirement stems from the requirements set out by the government's \"fit for future\" consultation and 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.\nThe procurement will look for capability in delivering three core components:\n1.\tInvestment strategy model(s) - including stochastic asset & liability modelling\n2.\tInputs required to run risk model - including economic scenario generator and capita market assumptions\n3.\tTemporary consultancy services - including assistance with set up and training of LGPS Central internal team\nThis stage forms the early market engagement for this project.\nThis stage forms the early market engagement for this requirement.",
    "communication": {
      "futureNoticeDate": "2025-11-20T23:59:59Z"
    },
    "aboveThreshold": true,
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-COH-10425159",
      "name": "LGPS CENTRAL LIMITED",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKG39",
        "country": "GB",
        "locality": "Wolverhampton",
        "postalCode": "WV1 1LD",
        "countryName": "United Kingdom",
        "streetAddress": "1st Floor I9"
      },
      "details": {
        "classifications": [
          {
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - sub-central government"
          }
        ]
      },
      "identifier": {
        "id": "10425159",
        "scheme": "GB-COH"
      },
      "contactPoint": {
        "email": "procurement@lgpscentral.co.uk"
      },
      "additionalIdentifiers": [
        {
          "id": "PVZL-3598-XMXZ",
          "scheme": "GB-PPON"
        }
      ]
    }
  ],
  "language": "en",
  "planning": {
    "documents": [
      {
        "id": "061127-2025",
        "url": "https://www.find-tender.service.gov.uk/Notice/061127-2025",
        "format": "text/html",
        "noticeType": "UK2",
        "description": "Preliminary market engagement notice on Find a Tender",
        "documentType": "marketEngagementNotice",
        "datePublished": "2025-10-01T09:15:46+01:00"
      }
    ],
    "milestones": [
      {
        "id": "engagement",
        "type": "engagement",
        "status": "scheduled",
        "dueDate": "2025-10-10T23:59:59+01:00",
        "description": "This process is intended to allow the Authority to engage with interested suppliers who are able to deliver our requirements as detailed in the draft business requirements document. This engagement is proposed to assist the Authority in understanding the market and refining our business requirements by using feedback provided during this process.\nThe process for this early market engagement exercise is as follows:\n1. Interested suppliers must register at https://in-tendhost.co.uk/lgpscentral/ and download the early market engagement documentation associated with this requirement.\n2. Download, fully complete and submit the Early Market Engagement Questionnaire through In-Tend, by the deadline of 10th October 2025 - 12:00:00 (Noon).\n3. The Authority will review questionnaire submissions and reserve the right to invite suppliers  to provide a demonstration of their solution and provide further feedback on our business requirements. Dependent on interest, the Authority reserves the right to limit the number of suppliers invited to demonstrate their solution. \n4. Following conclusion of engagement meetings, the Authority will refine the business requirements prior to undertaking a procurement for this requirement under the Competitive Flexible Procedure (Procurement Act 2023)."
      }
    ]
  },
  "initiationType": "tender"
}