Durham County Council - Appointment of an Independent Person to the Pension Fund

What the buyer is asking for

Durham County Council Pension Fund is seeking an experienced Independent Person. The role carries no delegated authority and does not affect statutory responsibilities. The Independent Person will provide independent expertise, scrutiny and challenge to support effective governance, oversight and decision-making. We are looking for a highly credible pensions professional with significant experience in pension fund governance, investment, funding and administration. This can either be a sole trader or an Organisation. Services will include review of investment, funding, governance and administration arrangements; scrutiny of advice, performance, risk, responsible investment and pooling; assurance on controls, conflicts, data, cyber resilience and continuity; attendance at Committee meetings; and support for agreed member development. Regulated investment advice is excluded. The successful supplier will play a key role in supporting good governance, effective decision-making and regulatory compliance across one of the largest LGPS funds in England and Wales. This is an exciting opportunity to influence strategic decision-making and contribute to the long-term success of the Fund on behalf of its Scheme members and Scheme employers. The core service includes attendance at five meetings in each annual cycle: four Pension Fund Committee meetings and one annual meeting

How this compares

• This is one of 20 open tenders in United Kingdom for Financial and insurance services.
• Its stated value is higher than 16% of the 19 open tenders in this category that state a value in GBP.
• Bidders were given 29 days from publication to the deadline; the median for open tenders in United Kingdom is 30 days.

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