Purpose

Contract award for supplier of asset servicing to LBHF pension fund though LGPS framework.

Decision

1. That the Executive Director of Finance and Corporate Services approve the contract award for Custodian Services to gatekeep LBHF’s pension fund assets to Northern Trust Company (The) (FC006465) in consultation with the Cabinet Member for Finance and Reform.

1. To agree that this report and the background paper is not for publication on the basis that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended).

Reasons for the decision

The reasons for the decision can be found in the decision report.

Alternative options considered

Please refer to the report.