Decision details

GW1/2 Pension fund investment management services

Decision Maker: Strategic Director of Finance and Corporate Services

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To confirm prior approval of procurement strategy and award of contract for pension fund investment management services

Decision:

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: