# Contract to Provide Accounting Support Services to the Operator of an Authorised Contractual Scheme

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

## Key facts

- Public buyer: [LONDON COUNCILS](/buyers/london-councils/contract-awards)
- Contract winner: [Metro Dynamics Ltd](/contract-winners/metro-dynamics/public-sector-contract-awards)
- Award value: £60,000
- Tender value: £60,000
- Award date: 29 July 2015
- Published: 18 November 2016
- Contract start: 1 September 2015
- Contract end: 1 February 2016
- Stage: awarded
- Procurement category: services
- Notice ID: 65e34c31-3906-48c4-8906-c5ce41521639-93891
- OCID: ocds-b5fd17-8d87eb63-adc9-11e6-9901-0019b9f3037b

## Description

There are thirty three local authority pension funds in London which are part of the Local Government Pension Scheme \(LGPS\), a national scheme administered on a local basis\. Currently, the thirty three funds \(32 London boroughs and the City of London Corporation\) each manage their pension investments independently\. In the future, the administering authorities have decided to collaborate on the management and investment of their pension fund assets to deliver efficiencies, economies of scale and improvement in operations\. The most appropriate vehicle for creating numerous benefits, whilst retaining local accountability and decisions making by the individual funds is the proposed Collective Investment Vehicle \(CIV\), structured as an Authorised Contractual Scheme \(ACS\) with an authorised ACS Operator and fund\. London CIV is now looking for a provider to supply accounting services and this tender is looking for proposals from suitably qualified candidates for the provision of Accounting Support Services to the Operator of an ACS for a period of 3 years \(with an option to extend the contract for a further three years or part thereof\)\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/65e34c31-3906-48c4-8906-c5ce41521639-93891)