To inform Members of the appointment of Redington as Strategic Investment Advisors to Merseyside Pension Fund and for a verbal introduction from Redington to be made.

That In connection with the provision of strategic investment advisory services to Merseyside Pension Fund, the Director of Merseyside Pension Fund has agreed to appoint Redington Limited (Company No. 06660006). Following a procurement exercise the value of the contract tender was established as £348,400. The appointment was made from the National LGPS Framework – Investment Consultancy. This was the overall highest scoring compliant tender with the highest scores for quality and service fit and second highest score on price. 

MPF’s Strategic Investment Advisors form an integral part of the Fund’s governance arrangements.

In view of the timelines involved there was no satisfactory alternative way for Redington to address Committee.