Scope
Description
The Adviser must produce quarterly analyses and recommendations for the Pensions Committee meetings, attend the Committee meetings in person to brief the Committee on performance. Recommendations will be related to changes in the investment asset allocations and other matters as detailed in the Service Description section below. The adviser will give an opinion on Bromley's investments in equities, bonds, property, and other asset classes at key dates, and support the committee in scrutinising investment managers' performance. Furthermore, the adviser will be expected to maintain and update Bromley's climate change annual report.
Contract 1
Supplier
Contract value
- £201,000 excluding VAT
- £2,412,000 including VAT
Above the relevant threshold
Award decision date
31 December 2025
Date assessment summaries were sent to tenderers
9 January 2026
Standstill period
- End: 20 January 2026
- 8 working days
Earliest date the contract will be signed
22 January 2026
Contract dates (estimated)
- 1 April 2026 to 31 March 2032
- 6 years
Main procurement category
Services
CPV classifications
- 66131100 - Pension investment services
Contract locations
- UKI61 - Bromley
Information about tenders
- 1 tender received
- 1 tender assessed in the final stage:
- 1 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Supplier
APEX INVESTMENT ADVISERS LIMITED
- Companies House: 04533331
- Public Procurement Organisation Number: PZGP-9247-LGWP
4th Floor, 140 Aldersgate Street
London
EC1A 4HY
United Kingdom
Email: investment.advisory@apexgroup.com
Website: https://www.apexgroup.com/apex-invest/investment-advisory-services/
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
Contracting authority
London Borough of Bromley
- Public Procurement Organisation Number: PBBG-1282-YCXD
Bromley Civic Centre, Churchill Court, 2 Westmoreland Road
Bromley
BR1 1DP
United Kingdom
Email: procurement@bromley.gov.uk
Region: UKI61 - Bromley
Organisation type: Public authority - sub-central government