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Fiduciary Management Services for UoB Pension & Assurance Scheme

University of Bristol

This public procurement record has 2 releases in its history.

Award

29 Jun 2018 at 11:34

Award Notice
Tender

22 Mar 2017 at 07:58

Tender Notice
Summary of the contracting process

The University of Bristol is conducting a procurement process for Fiduciary Management Services for its Pension and Assurance Scheme, with a total contract value of £10 million. The tender opportunity falls under the category of pension fund management services and is based in the South West of England. The procurement method used is selective, specifically a competitive procedure with negotiation, aimed at identifying the most economically advantageous tender. The initial contract period commenced on 14 May 2018 and is set to conclude on 13 May 2023, following an earlier tender period that ended on 24 April 2017.

This tender represents significant opportunities for businesses specialising in fiduciary management and financial services, particularly those capable of managing large investment portfolios and able to offer comprehensive support in areas such as asset allocation, portfolio construction, and managing scheme liquidity. Firms with experience in working with pension schemes, especially those familiar with compliance and regulatory requirements, may find this procurement advantageous for expanding their service portfolios and client base.

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Notice Information

Notice Title

Fiduciary Management Services for UoB Pension & Assurance Scheme

Notice Description

The Trustees of the University of Bristol Pension and Assurance Scheme decided to appoint a provider to manage the assets of the Scheme on a fiduciary basis. The University of Bristol was instructed by the Trustees of the Scheme to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender. The decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees. The scheme has assets of approximately PS300M. The appointed organisation will provide a full fiduciary management service to the Trustees of the University of Bristol Pension and Assurance Scheme (UBPAS), together with the necessary support in respect of the delivery of the administration of the scheme. The appointed organisation will decide on, oversee, execute or advise on the some or all of the following: Strategic Asset Allocation, Tactical Asset Allocation, Hedging Strategy Implementation, Manager selection, Asset class selection, Portfolio Construction, Managing scheme liquidity, Fund reporting, Trustee Education, Portfolio Implementation, Strategic Objectives, Risk Budget, Constraints, Hedging Strategy Design.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5d726e2f-874e-41b8-a833-aa09c6e101cb
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£10,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jun 20188 years ago
Submission Deadline
24 Mar 2017Expired
Future Notice Date
Not specified
Award Date
14 May 20188 years ago
Contract Period
14 May 2018 - 13 May 2023 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
University of Bristol
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Postcode Area
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer Limted

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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