Award

Provision of a Multi-Asset Portfolio Management System_180618

LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD

This public procurement record has 2 releases in its history.

Award

23 Apr 2019 at 10:26

Award Notice
Tender

18 Jun 2018 at 08:27

Tender Notice
Summary of the contracting process

The Local Pensions Partnership Investments Ltd (LPP), based in Preston, England, is conducting a procurement process for the "Provision of a Multi-Asset Portfolio Management System." This tender falls within the services category, specifically focused on pension investment services, and has a total estimated value of £5,000,000. The procurement method is selective, employing a competitive procedure with negotiation above the threshold, and is currently in the award stage. The tender period concluded on 19 July 2018, and the contract period is set to commence on 1 October 2018, lasting until 30 September 2028.

This tender presents significant opportunities for businesses specialising in investment management systems or related technological solutions. Companies that can offer innovative portfolio management services or have experience in the public sector pension fund arena will be well-positioned to compete. Small and medium-sized enterprises (SMEs) are encouraged to participate, given the suitability criteria, which indicates a focus on inclusivity within the bidding process.

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Notice Information

Notice Title

Provision of a Multi-Asset Portfolio Management System_180618

Notice Description

Local Pensions Partnership (LPP) is a pension service provider for Local Government Pension Schemes (LGPS) and other public-sector pension funds. They aim to help clients reduce pension deficits, improve investment returns and lower costs through the core services of investment management, pension administration and risk management. LPP was formed in 2016 through a collaboration between Lancashire County Council and the London Pensions Fund Authority. Today they manage more than c.PS16b of pension assets for investors and provide pensions administration services to more than 540,000 members across LGPS, Fire and Police schemes. LPP are looking to select and implement an institutional standard investment management system to support its investment management business. Additional information: Please apply directly to the buyer using the contact details provided.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-24912140-b09f-4516-aaa1-57c6492a09f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/87e39ce2-87d8-409c-9687-fc479f4312fc
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66140000 - Portfolio management services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 20196 years ago
Submission Deadline
19 Jul 2018Expired
Future Notice Date
Not specified
Award Date
15 Apr 20196 years ago
Contract Period
16 Apr 2019 - 30 Sep 2028 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)
Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

BROADRIDGE MANAGED SOLUTIONS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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