Decision Maker: Strategic Director of Finance and Corporate Services
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To confirm prior approval of procurement strategy and award of contract for pension fund investment management services
1. That prior approval to the procurement strategy outlined in the report for the appointment of Investment Management Services be confirmed.
2. That prior approval to the award of the investment management services contract to the following companies, with estimated fees set out as follows, be confirmed:
Brockton Capital - £1,575,000
Frogmore Real Estate Partners - £2,250,000
Invesco Asset Management – £540,000
M&G Investments £800,000
3. That a formal review of the open ended contracts awarded to Invesco Asset Management and M&G Investments will take place after four years, and formal approval will be sought for these investments going forward, be noted.
Publication date: 14/08/2015
Date of decision: 14/08/2015
Effective from: 22/08/2015
Accompanying Documents: