Durham County Council - Appointment of an Independent Person to the Pension Fund

Award Criteria

Contract Specific Essential Pass Fail Questions Technical Questions Weighting 40% Interviews 40% Pricing 20%

Description

Durham County Council Pension Fund is seeking an experienced Independent Person. The role carries no delegated authority and does not affect statutory responsibilities. The Independent Person will provide independent expertise, scrutiny and challenge to support effective governance, oversight and decision-making. We are looking for a highly credible pensions professional with significant experience in pension fund governance, investment, funding and administration. This can either be a sole trader or an Organisation. Services will include review of investment, funding, governance and administration arrangements; scrutiny of advice, performance, risk, responsible investment and pooling; assurance on controls, conflicts, data, cyber resilience and continuity; attendance at Committee meetings; and support for agreed member development. Regulated investment advice is excluded. The successful supplier will play a key role in supporting good governance, effective decision-making and regulatory compliance across one of the largest LGPS funds in England and Wales. This is an exciting opportunity to influence strategic decision-making and contribute to the long-term success of the Fund on behalf of its Scheme members and Scheme employers. The core service includes attendance at five meetings in each annual cycle: four Pension Fund Committee meetings and one annual meeting

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