# LGPS Central Pooling and Collective Investment Vehicle Legal Advice

> A sourced UK public sector contract award published by Wolverhampton City Council.

## Key facts

- Buyer: [Wolverhampton City Council](/buyers/wolverhampton-city-council/contract-awards)
- Supplier: [Eversheds LLP](/suppliers/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\.

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## Source

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