The Norfolk Broads. A range of people and organisations have worked together to establish the LGPS frameworks, including procurement and legal specialists from Norfolk County Council.
The fourth version of the national Local Government Pension Scheme (LGPS) framework for actuarial, benefit and governance consultancy services has gone live.
The framework supports LGPS funds, investment pools and other public sector bodies to procure pensions-related services. The updated framework will also assist the LGPS in complying with the governance requirements under Fit for the Future reforms.
Framework users will be able to procure services across five specialised lots – actuarial services (lot 1), benefits consultancy (lot 2), governance consultancy (lot 3), funding risk advisory services (lot 4) and consultancy services to support specialist projects (lot 5).
This framework is the first to be let under the Procurement Act 2023 – taking advantage of the facility within the new regulations for longer frameworks. As such, it will be open for eight years, expiring in January 2034. Contracts awarded via the framework can be for up to ten years.
A range of organisations worked together to establish the framework, supported by the National LGPS Frameworks team and procurement and legal specialists from Norfolk County Council.
The bodies involved include the Environment Agency Pension Fund, Essex Pension Fund, Hampshire Pension Fund, Kent Pension Fund, Norfolk Pension Fund and the Surrey Pension Fund.
The National LGPS Frameworks are a collaboration of LGPS funds and pools who have been working together since 2012 in a collaboration that aim to allow LGPS stakeholders to continue defining local service requirements but at the same time leverage better prices.
User benefits also include pre-agreed terms and conditions, and supporting documentation.
To find out more about using the National LGPS Frameworks, email [email protected], call 01603 306846, or visit www.NationalLGPSFrameworks.org.
