Pension investment services

Tender description

Lancashire County Council (LCC) invited tenders for the provision of independent property valuation services for the Lancashire County Pension Fund (LCPF) property portfolio. LCC wished to establish this contract as accessible for use by the London Pensions Fund Authority (LPFA). As such, where the successful Tenderer's capacity and capability permits, LCC will expect the successful Tenderer, when approached, to be willing to contract with LPFA for the provision tendered for herein, on the same terms and conditions herein and prices agreed as a result of this procurement process. Lancashire County Council (LCC) invited tenders for the provision of independent property valuation services for the Lancashire County Pension Fund (LCPF) property portfolio. Lancashire County Pension Fund (LCPF), London Pensions Fund Authority (LPFA) and Local Pensions Partnership (LPP): LCPF and LPFA are Local Government Pension Schemes (LGPS). LCC is the administrating authority for the LCPF. LCPF and LPFA have pooled their assets to achieve better net investment returns. The pooled assets are managed by LPP, which is now an FCA registered asset manager. LPP is jointly owned by LCPF and LPFA and is staffed by the former investment and administration teams of LCPF and LPFA. Both LCPF and LPFA have direct property investment portfolios which require independent annual valuation. LCC has established this contract as accessible for use by the London Pensions Fund Authority (LPFA).