Procurement2022-05-03T14:01:30+01:00

PROCUREMENT

Independent advice ensures the best outcomes for your procurement exercise or scheme review

Pension regulation requires trustees to consider the conflicts of interest that may arise for their advisers when the latter are asked to advise on the appointment of investment managers, and other providers of key services that support the running of the scheme. In such situations, the trustees must carefully weigh such potential conflicts of interest when appointing advisers and considering advice received.

The Pensions Authority Codes of Governance state that trustees should consult every three years with independent experts who do not have a direct conflict of interest in advising the trustees. Assistance should be sought with identifying potential service providers, organising requests for proposal and interviews, understanding the capabilities of proposers, making comparisons and analysing costs.

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Acuvest’s independence is something that few firms can rival. When coupled with our Pensions and Investments expertise and our vast experience of running RFP processes for clients, we are uniquely positioned to assist you with your procurement exercise or scheme review.

In addition to delivering independent and non-conflicted advice, Acuvest’s experience in supporting trustees with procurement challenges can deliver substantial cost savings for trustees and employers. These are achieved through careful analysis of costs and negotiation with providers.

Procurement Support for Trustee Boards

Board Support

We develop written procedures for the appointment of service providers.

RFP Documents

We draft RFP document for use in your tender / procurement process.

Providers

We identify potential partners and support you in shortlisting applicants.

Decision Criteria

We help you define the criteria by which applicants will be assessed and scored.

Decision Making

We support and guide you in effective decision making relating to the procurement exercise.

Cost Saving

We help you to identify and maximise all cost saving opportunities.

Please note that the provision of this product or service does not require licensing, authorisation or registration with the Central Bank and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.

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