Pensions Covenant Monitoring
City of Wolverhampton Council · West Midlands
Key facts
- Contract value
- £100,000
- Awarded
- 29 Dec 2015
- Contract starts
- 01 Feb 2016
- Contract ends
- 31 Jan 2018
- Procedure
- Other -
- Buyer type
- Local government
Awarded to 2 suppliers
| Supplier | Value |
|---|---|
| DELOITTE LLP | £100,000 |
| PwC | £100,000 |
Description
The Local Government Pension Scheme (LGPS) is a national scheme administered on a local basis by Wolverhampton City Council as Administrating Authority of the West Midlands Pension Fund (WMPF) and West Midlands Integrated Transport Authority Pension Fund (WMITA), providing current and future benefits for 280,000 scheme members. Both Funds are referred to as âthe Fundâ throughout this report.
The Fund has implemented a framework for the monitoring of its participating employers with regards to covenant strength. Whilst this framework constitutes baseline data upon which to assess the high level covenant strength of each employer, there will be instances where more detailed analysis will be required, for instance:
⢠As an independent review of a specific employerâs covenant strength is required ⢠For âcritical casesâ whereby the baseline data analysis flags a concern ⢠As a funding strategy/contribution setting aid ⢠To support negotiation with specific employers around the triennial actuarial valuation
Categories (CPV)
- 66000000 Financial and insurance services
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