News & Views

Staffordshire tender investment consultant, actuary and performance measurement services

John Wood, head of financial and commercial services at SCC said “we constantly strive to ensure we have the highest standards in all aspects of our scheme governance.  In carrying out these tenders we recognised that Staffordshire has an excellent procurement division.  However, given the importance of these appointments to the long term performance of the fund and the highly technical nature of these roles, we felt it was necessary to appoint an independent specialist to work with our procurement division.  IC Select was able to provide the specialist advice we required and their flexible approach meant they were able to work within the Staffordshire procurement process.  The involvement of IC Select highlighted many key issues that needed expert input and ensured they were given due consideration.

Roger Brown, managing director of IC Select, said “it was an enjoyable experience working with the Staffordshire team.  The Local Government Pension Scheme procurement rules present different challenges in the selection of advisers from those faced by corporate schemes.  Working with the Staffordshire procurement team enabled us to understand these differences and ensure that the highest standards of due diligence were achieved throughout the tenders.”

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For further information please contact:

Roger Brown, Managing Director
0131 221 6505

IC Select, Forth House, 28 Rutland Square, Edinburgh, EH1 2BW

Notes to Editors:

IC Select is the only firm that specialises in helping pension funds tender and monitor their investment consultant, actuary and performance measurer.  As a result of using IC Select’s expertise, a pension scheme’s governance is enhanced and the trustees can be more confident in the quality of their investment decision making.

The Staffordshire County Council Pension Fund has recently concluded tenders for the schemes investment consultant, actuary and performance measurer.  They were advised in all three selections by IC Select, the specialist pension adviser selection and monitoring firm, working alongside the Staffordshire procurement team.

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