1 / 13

‘How to save your fund time and money Through collaborative procurement’

‘How to save your fund time and money Through collaborative procurement’ Nicola Mark, Head of the Norfolk Pension Fund 18 th Annual LAPFF Conference 4-6 December 2013. What are the National LGPS Frameworks?. We all have to buy specialist services

aquila
Download Presentation

‘How to save your fund time and money Through collaborative procurement’

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ‘How to save your fund time and money Through collaborative procurement’ Nicola Mark, Head of the Norfolk Pension Fund 18th Annual LAPFF Conference 4-6 December 2013

  2. What are the National LGPS Frameworks? • We all have to buy specialist services • We all have to comply with Public Contracts Regulations • National LGPS Frameworks are an OJEU compliant procurement vehicle • Remove the need to independently undertake full European union (OJEU) procurement • Retain local service definition and decision making

  3. How does it work? National LGPS Frameworks do this You just need to do this

  4. How will they save my Fund time and money? • Efficient • Agreed Terms and Conditions • Best practice procurement • Deliver value for money • Further competition • Shared benefits • Opportunities for wider public sector use

  5. Open to all LGPS Funds • Currently no obligation to use: • greater use = greater benefits • Retain local service definition • Retain local decision making and accountability • Save time and money on your procurement (from 6-12 months to 4-8 weeks) • Benefit from pre agreed T’s and C’s and ceiling prices • Share in the collaborative rebate

  6. Good for suppliers too: • Faster and consistent procurement process = new business known quicker! • Greater flexibility to fit procurement processes into business requirements • Large volumes of work can go through frameworks • Agreed Terms and Conditions • Standard tender documentation • Potential for more business- access to the whole of the LGPS!

  7. Existing Frameworks: Actuarial and Benefit Consultancy Services Framework being used by 8 Funds already

  8. Existing Frameworks:Investment Consultancy Services Framework being used by 10 Funds already

  9. Existing Frameworks:Global Custody Services Services LATEST NEWS! 39 Funds have expressed an interest…

  10. National Procurement Frameworks for the LGPS • Collaboration in action today delivering outcomes now: • Fast and efficient OJEU compliant procurement • Leveraging buying power and influence of combined Funds • Available to all the LGPS • Retaining local service definition and choice • Influencing the market place • Further opportunities including • Greater usage = greater benefits (Comply or Explain?) • Next framework – Legal Services • Further frameworks (Passive Fund management, AVC providers….?) • ‘Trusted trader’ approach for smaller value specialist services (IFA’s…?) • Wider public sector coverage? For DB Innovation

  11. National Procurement Frameworks for the LGPS

  12. National LGPS Frameworks

  13. Want to know more? Please contact us: Email: nationalLGPSframeworks@norfolk.gov.uk Tel: 01603 495922 On the web: www.nationalLGPSframeworks.org

More Related