Durham County Council - Appointment of an Independent Person to the Pension Fund
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Durham County Council is seeking a highly credible pensions professional, available as either a sole trader or an organization, to serve as an Independent Person for the Durham County Council Pension Fund. This role is designed to provide independent expertise, scrutiny, and challenge to enhance governance, oversight, and decision-making for one of the largest LGPS funds in England and Wales. The scope of work includes reviewing investment, funding, and administration arrangements, providing assurance on cyber resilience and data controls, and supporting member development. The core service requirement involves attending four Pension Fund Committee meetings and one annual meeting per cycle. Regulated investment advice is explicitly excluded from the scope of services. The contract is estimated at 170,000 GBP excluding VAT, with an initial performance period from December 30, 2026, to December 31, 2029, and a potential 24-month extension to December 31, 2031. The procurement is particularly suitable for small and medium-sized enterprises. Award decisions will be based on a combination of essential pass-fail questions, technical questions weighted at 40 percent, and interviews weighted at 40 percent. Tenders must be submitted electronically via the specified portal by November 27, 2026.
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