Award

Contract for Multi-Asset Income Manager

LONDON BOROUGH OF BROMLEY

This public procurement record has 1 release in its history.

Award

04 May 2018 at 09:06

Award Notice
Summary of the contracting process

The London Borough of Bromley has awarded a contract for a Multi-Asset Income Manager to be managed for the London Borough of Bromley Pension Fund. The procurement process was conducted under a selective method, employing a restricted procedure. The tender was officially completed on 14th December 2017, and the contract period spans from 15th December 2017 to 30th November 2020. This contract, valued at £3,300,000, falls within the pension investment services category and will be executed in the South East region of the United Kingdom.

This opportunity presents a strong potential for business growth, particularly for asset management firms with expertise in multi-asset income strategies. Companies that excel in managing pension assets, especially large-scale investment managers, will find this contract aligns with their capabilities. The established firm Schroder Investment Management was awarded this contract, indicating the competitive nature of this sector and the need for robust proposals from prospective bidders in future opportunities.

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Notice Information

Notice Title

Contract for Multi-Asset Income Manager

Notice Description

The London Borough of Bromley ("the Authority") in its capacity as Administrating Authority for the London Borough of Bromley Pension Fund ("the Fund") is seeking to appoint 1 or more Pension Fund Multi-Asset Income ("MAI") managers as detailed in the Tender Documents. The tender opportunity will be run electronically through the London Tenders Portal and suppliers will need to register their company with the portal as soon as possible (if they have not already done so) at www.londontenders.org to ensure they are able to access and submit the relevant documents online. All applications MUST be made through the London Tenders Portal ONLY and NOT to the Contact Details contained within this notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-38f54dd7-981c-4272-8daf-4b643a1ae80c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/68eb2762-bd7b-487b-a222-e10135e1b701
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
£3,300,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,300,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
4 May 20187 years ago
Submission Deadline
14 Dec 2017Expired
Future Notice Date
Not specified
Award Date
14 Dec 20178 years ago
Contract Period
15 Dec 2017 - 30 Nov 2020 2-3 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
LONDON BOROUGH OF BROMLEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BROMLEY
Postcode
BR1 3UH
Post Town
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
TLJ South East (England)
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
1
Supplier Name

SCHRODER INVESTMENT MANAGEMENT

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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