Pension fund administration services

Tender description

Having carried out an independent review, London Borough of Hammersmith and Fulham (LBHF) is looking to transfer the pensions administration service to a new provider towards the end of 2021. LBHF is currently undertaking a market research exercise to develop a detailed set of specifications and decide on the best route to market. Hammersmith and Fulham is one of London's leading councils. We aim to be the best. We're radically reforming the council to modernise the way services are run and ensure we provide good value for money. Being ruthlessly financially efficient is one of our key priorities. Our LGPS Pension Scheme caters for around 15 300 members (around 4 000 current, 6 000 deferred and 5 300 pensioners) and covers Council employees as well as around 50 admitted bodies. Having carried out an independent review we are looking to transfer the pensions administration service to a new provider towards the end of 2021. We are looking for a comprehensive pensions administration service which is geared to the needs of our fund members, to provide them with a high-quality, accessible service. The provider will work closely with our in house pensions administration team and treasury and pensions function. We are currently reviewing the routes to market and developing a detailed specification. To help shape our thinking we would welcome responses to a number of questions (available via capitalEsourcing — under current opportunities). If you would like to submit a response, please do so by emailing procurement@lbhf.gov.uk by 22 October 2020.