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Local government pension pool to appoint single law firm to advise on alternatives platform

Border to Coast Pensions Partnership, one of eight national Local Government pension pools, has given notice of its intention to appoint a single law firm to provide advice for its alternatives platform.

Border to Coast was established in 2018. It brings together £45bn investments of 11 like-minded Local Government Pension Scheme funds.

In a prior information notice the organisation said: “We would like to consider a retainer fee model based on 50 hours per month and 60 hours per month as part of this procurement.

“Services to include, but not limited to, managing new investments, reviewing investment documentation, investment life cycle issues, transfer of legacy investments, secondary sales, dealing with other legal advisers and liaising with Border to Coast’s tax advisors.”

A webinar will be held on 7 August 2020 to discuss the service requirements in more detail and to answer questions from interested parties.

The invitation to tender is expected to be issued on or around 14 August 2020.