Decision details

Investment consultancy services for the North Yorkshire Pension Fund, which is administered by the Council

Decision Maker: Corporate Director of Strategic Resources

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

Following a mini-competition under the National LGPS Framework for Investment Consultancy Services, a decision has been taken to award a contract for investment consultancy services for North Yorkshire Pension Fund to Aon, for 7 years commencing on 8th October 2021 for an initial term of 5 years, with an option to extend for a further 2 years to 7th October 2028 for £714K.

Reasons for the decision:

To provide the North Yorkshire Pension Fund with the investment advice it requires. There is a legal requirement for a local authority Pension Fund to receive professional investment advice.

Alternative options considered:

As the procurement was conducted through a framework designed specifically for this purpose, no other options were considered.

Publication date: 01/02/2022

Date of decision: 24/09/2021