ODD Support
Pension Protection Fund · London
Key facts
- Contract value
- £200,000
- Awarded
- 05 Sep 2024
- Contract starts
- 08 Sep 2024
- Contract ends
- 07 Sep 2028
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Other public body
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| MERCER LIMITED | £200,000 |
Description
At present, the Operational Due Diligence (ODD) team within the PPF has dedicated individuals within the team to assess external Fund Managers prior to funding but there is currently no backup / contingency should additional resources be required or an individual leave.
To avoid a situation whereby internal activities are effectively held up by a support function (due to a lack of resource), the ODD team need to appoint a back-up ODD service provider
Support is required in the following two ways: 1. As a backup/contingency ODD service provider in the unlikely situation that the ODD cannot be staffed internally & 2. To provide ODD coverage in long-haul jurisdictions where the PPF have single Manger exposure.
Volumes are anticipated to be particularly low with the successful supplier being used on an ad-hoc basis.
When required, the supplier will be commissioned to undertake an in-person, deep-dive ODD assessment on a third-party investment Manager selected by the PPF. The expectation is that Mercer Sentinel will be able to produce a comprehensive ODD report (Operational Risk Assessment) within a 6-8-week timeframe (from the point of initial contact with the selected Manager).
Categories (CPV)
- 79412000 Financial management consultancy services
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