# LGPS Central Pooling and Collective Investment Vehicle Legal Advice

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Wolverhampton City Council](/buyers/wolverhampton-city-council/contract-awards)
- Contract winner: [Eversheds LLP](/contract-winners/eversheds/public-sector-contract-awards)
- Award value: £247,888
- Tender value: £247,888
- Award date: 24 August 2016
- Published: 18 November 2016
- Contract start: 22 August 2016
- Contract end: 31 March 2018
- Stage: awarded
- Notice ID: e2aab92c-3de0-4ee2-a96a-f3ae342ecff1-107654
- OCID: ocds-b5fd17-1c6575b2-adca-11e6-9901-0019b9f3037b

## Description

In response to the Government’s criteria for pooling assets, Local Government Pension Scheme \(LGPS\) Central has decided to build a Collective Investment Vehicle \(CIV\) structure to pool investments\. The CIV model will include an Operator, which will be incorporated as a private company\. The Operator will also be set-up as an alternative investment fund manager \(AIFM\) and regulated by the Financial Conduct Authority \(FCA\)\. The Operator will manage a Pool containing a number of vehicles, including an Authorised Contractual Scheme \(ACS\) and other vehicles \(e\.g\. limited partnerships\), yet to be confirmed\. A Shareholders’ Forum \(consisting of the Pensions Committee Chairs of the participating authorities\) will act as the Supervisory Body of the Operator\. A Practitioners’ Advisory Forum \(consisting of Pension Fund Officers\) will support the Shareholders’ Forum and act as the day-to-day liaison between the Shareholders’ Forum and the Operator\. The deadline for the establishment of the outlined structure is 1st April 2018\. As such, LGPS Central is now seeking advice and hands-on implementation support and delivery as set out below\. Summary Requirements: Support LGPS Central in the delivery, by 1st April 2018, of:- 1\. The establishment of the Operator and Pool Vehicles, including FCA registration 2\. The Governance and target operating model 3\. The procurement of an Asset Servicer, advisors, auditors, bankers 4\. Tax advice for both the Operator and Pool Vehicles Additional information: On behalf of West Midlands Pension Fund\.

## Related contract awards

- [CWC26063 - BCT A4168 Priory Road OBC](/contracts/ocds-b5fd17-578eba77-3adc-4eb2-9d35-fb7a884f611f): Wolverhampton City Council
- [CWC23084 Task 11 - Meredith Road](/contracts/ocds-b5fd17-fc185b5e-92b1-46cf-89c3-ac1df2b3cbb1): Wolverhampton City Council
- [CWC26149 - BCT A461 FBC](/contracts/ocds-b5fd17-7598ba41-51b4-419a-8ddf-f306685777e3): Wolverhampton City Council
- [Broad Marsh - Legal support for EMCCA funding and NUHT funding agreement](/contracts/ocds-b5fd17-d921bf7a-bb70-4304-96eb-89185b7875a7): Homes England \(the name adopted by the Homes and Communities Agency\)
- [Legal Services - Employment Tribunal Litigation](/contracts/ocds-b5fd17-e03c0754-1eae-4613-97f9-db76620ef87f): UNIVERSITY OF THE WEST OF ENGLAND
- [Broad Marsh - Legal support for Community Diagnostic Centre](/contracts/ocds-b5fd17-b8b794c1-9ed3-4f41-a574-2c120de4cfc9): Homes England \(the name adopted by the Homes and Communities Agency\)

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/e2aab92c-3de0-4ee2-a96a-f3ae342ecff1-107654)