Having considered all of the information, including known proposals, alternative options and reasons for the recommendations, Cabinet noted the report and
RESOLVED to:
Authorise the Director of Finance and Enabling Services to:
1. Enter into an Access Agreement with Norfolk County Council to access the National Local Government Pension Scheme (LGPS) Framework (“the Framework”) and pay Norfolk County Council an access fee of £5,000;
2. Conduct an EU compliant tender processing using the Framework for the award of a seven year contract, having an initial term of four years and an option to extend for a further three years, for the provision of Actuarial Services to the Fund with a total estimated value of £1.4m;
3. Upon conclusion of the tender process to enter into a contract with the preferred provider evaluated as offering the Council best value for money for the delivery of the services. In the event that the preferred provider is either unable or unwilling to enter into a contract with the Council then the Director of Finance and Enabling Services is authorised to award a contract to the next willing highest placed suitably qualified provider for delivery of the services.