ClearGlass Analytics has been appointed as an approved provider on the new National LGPS Procurement Framework for Cost Transparency and Benchmarking services.
The framework has been established jointly by the National LGPS Frameworks team and Local Government Pension Scheme (LGPS) Advisory Board for England and Wales (SAB), and covers LGPS funds, pools and administering authorities across England, Wales, Scotland and Northern Ireland.
The framework aims to provide a simplified route to procure cost transparency and benchmarking services from screened, qualified providers. It builds on the LGPS Code of Transparency, established by the SAB in 2017 to bring greater clarity to investment costs across the scheme.
Clearglass has been appointed to both specialised lots of the framework: investment cost data collation and reporting services, and investment cost data analysis and benchmarking services.
It will work with LGPS funds and investment pools to support a smooth transition from the centralised cost data system – due to close in August 2026 – providing the collation, validation, reporting, analysis and benchmarking of investment cost data templates, including Cost Transparency Initiative templates.
Roger Phillips, chair of the LGPS Scheme Advisory Board: “This new framework will enable LGPS clients to procure the services they need to collate, validate and/or analyse and benchmark their cost data via a simplified procurement process. Users will also have the assurance that their preferred provider(s) have been appropriately screened to meet the necessary requirements.”
ClearGlass chief executive officer Tim Brown said: “ClearGlass is proud to be appointed for both lots of this important new framework. The LGPS has long set the standard for cost transparency in UK pensions, and we look forward to supporting funds and pools across the United Kingdom with the high-quality data, analytics and benchmarking to drive value for money for members and stakeholders.”
