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The City of Edinburgh Council is administering authority of the Local Government Pension Scheme in Scotland for the Lothian area.
Lothian Pension Fund (LPF) carries out specialist activities of investing assets (approximately GBP 7bn) and administering benefits of three funds on behalf of over 100 contributing employers and over 80,000 members.
As part of the delivery of investment services, internal portfolio managers undertake equity and bond dealing regularly. This is currently managed using a fully manual system utilising Microsoft Excel Spreadsheets.
Having adequate internal systems and controls is a requirement of the Financial Conduct Authority (FCA), particularly in the case of Lothian Pension Fund’s regulated investment company, LPFI Limited. LPF therefore requires an effective and fully functioning ‘Investment Front Office Software System’ in order to ensure the efficiency of its investment management function, whilst at the same time satisfying regulatory requirements.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| Charles River Development | - | - | 1 lot Lot 1 | - |
This procurement was divided into 1 lots, each awarded separately. 3 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 | £3,259,369 initial term | 3 | Charles River Development | complete |
Weightings from the notice.