Eversheds has secured a £247,000 contract to provide legal advice to Local Government Pension Scheme (LGPS) Central on building a collective investment vehicle structure to pool investments.
The law firm will support LGPS Central on the delivery by 1 April 2018 of:
- The establishment of the Operator and Pool Vehicles, including FCA registration;
- The Governance and target operating model;
- The procurement of an Asset Servicer, advisors, auditors, bankers;
- Tax advice for both the Operator and Pool Vehicles.
The contract runs from 22 August 2016 to 21 March 2018. The procurement was led by Wolverhampton City Council.