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Stewardship Services Framework

Environmental, Social and Governance-related services have become of increasing importance to the LGPS in recent times. The National LGPS Framework for Stewardship Services provides LGPS Funds and Pools with easy access to a range of highly qualified and experienced Providers within this developing market.

Overview

The Stewardship Services Framework is available for Further Competition and Direct Award until 31 March 2026.Contracts awarded under the Framework may be let for a maximum contract length of seven years and up to 31st March 2033 at the latest. Please remember if you are using a Framework, your contract award must be completed by the expiry date of the Framework (although contracts let under the Framework can be for longer periods).

Lots

The Framework is split across 4 Lots:

  • Lot 1 - Voting Services
  • Lot 2 - Engagement Services
  • Lot 3 - Voting and Engagement Services
  • Lot 4 - Stewardship Reporting and Projects

There are 10 providers on the Framework split across the 4 Lots:

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Provider
Aon Solutions UK Ltd
BMO Asset Management Ltd
Federated Hermes
Glass Lewis
Minerva Analytics
PIRC
PriceWaterhouseCoopers
Redington
Robeco
The Good Economy Partnership

FAQs

Procurement can take significant time and money both for the awarding Authority and the Service Provider. The National LGPS Frameworks are fully compliant with the Public Contracts Regulations 2015. It reduces the time and costs associated with the procurement process by offering a facility that has already been competitively tendered. It aims to deliver access at the best possible price to high-quality, efficient and effective Stewardship Services Providers. Benefits include:

  • Shortened timescales
  • Reduced procurement and legal costs
  • Robust and transparent process with high level of due diligence and specialist support
  • Agreed Terms and Conditions of contract with providers
  • Enable access to specialist providers whose experience and quality has been tested
  • Comprehensive user documentation and support from Frameworks team
  • Provider ceiling prices established
  • Possibility to benefit from cumulative rebates

The Stewardship Services Framework may be used by:

  • Any LGPS Administering Authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the Firefighters' Pension Scheme and Police Pension Schemes and any of their participating Employing Authorities, or in relation to the LGPS in Scotland, any Administering Authority and any of their Scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141)(as amended);
  • NILGOSC in Northern Ireland and Employing Authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 (SRNI 2014/188)(as amended);
  • The Board of the Pension Protection Fund (http://www.pensionprotectionfund.org.uk);
  • Any other Administering Authority or organisation of a Public Sector Pension Scheme or any Public Sector body or that requires pension related services;
  • Any common asset pool or collective investment vehicle established by or on behalf of an Administering Authority or group of Administering Authorities; or
  • Any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

The Stewardship Services Framework is open from April 2022 until March 2026.

A contract awarded through the Stewardship Services Framework can run for a maximum of seven years. No contract will be permitted to extend beyond 31 March 2033.

Further Competition is available through all Lots of the Stewardship Services Framework. Direct Award is available via Lot 4 only.

The Stewardship Services Framework has been established by the following LGPS funds - the "Founding Authorities":

  • Norfolk County Council (as Administering Authority of the Norfolk Pension Fund)
  • City of Bradford Metropolitan District Council (as Administering Authority of the West Yorkshire Pension Fund)
  • City of Wolverhampton Council (as Administering Authority of the West Midlands Pension Fund)
  • East Sussex County Council
  • South Yorkshire Pensions Authority
  • Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)
  • West Sussex County Council
  • Wirral Council (as Administering Authority of the Merseyside Pension Fund)

Additional Resources

Access to Framework Documents - Stewardship

This page provides key details on how to access all the documentation for the Stewardship Services Framework.

Additional Documents

This page provides the Specification of Requirements for the Stewardship Services Framework, Sample Members Access Agreement and Sample Annex A.