Award

Provision of Investment Services for the Public Trustee

MINISTRY OF JUSTICE

This public procurement record has 2 releases in its history.

Award

29 Jul 2025 at 17:39

Award Notice
Tender

23 Jan 2025 at 14:21

Tender Notice
Summary of the contracting process

The Ministry of Justice has completed the award of a contract titled "Provision of Investment Services for the Public Trustee." The procurement, classified under the industry category of "Banking and investment services" (CPV id: 66100000), involved an open procedure above the threshold. Charles Stanley & Co. Ltd has been selected as the supplier for this contract, which has a value of £50,465 GBP. The contract period is set to commence on 4th October 2025 and is to conclude on 3rd October 2030, with services extended across the United Kingdom, Europe, and other regions. The initial tender process culminated on 24th February 2025, and the current status of the procurement process is complete.

This tender presents significant business growth opportunities, particularly for enterprises in the financial and investment sectors—such as SMEs—that specialise in asset management and investment services. With a long-term engagement period, businesses that offer robust investment advice and management under the public law framework are well-positioned to deliver substantial value, thereby enhancing their portfolios. Organisations suited for this tender include those with expertise in managing various asset classes and advising legal holders, making it an ideal opportunity for experts in financial services aiming to expand their public sector projects.

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Notice Information

Notice Title

Provision of Investment Services for the Public Trustee

Notice Description

This notice relates to the award of a contract for the provision of Investment Services to the Public Trustee. The Public Trustee acts as executor or administrator of estates and as the appointed trustee of settlements. In addition, the Public Trustee is the legal holder of land under Part IV of the First Schedule to the Law of Property Act 1925 and Part V of the First Schedule to the Law of Property Act 1925. The Public Trustee holds real and personal property such as stocks and shares ("securities"), cash and land. An estate is where the Public Trustee has been appointed as executor of a deceased person's will or as administrator of an estate of a person who has died without a will. An executor/administrator collects all the deceased's assets and pays all of the debts before distributing what remains to the beneficiaries named in the will or, if there is no will, who is entitled by law to this. Where the Public Trustee has been appointed to act as a trustee, she has a duty to invest the capital held to produce income to use or pay for the benefit of the beneficiaries of the trust. It is a legal responsibility of the Public Trustee as Trustees to obtain professional investment advice when managing the assets.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60259dfc-42a8-495b-a52b-12a24f011450
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/25a96bd1-297d-406f-b771-0e463b9ddd38
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£50,465 Under £100K
Lots Value
Not specified
Awards Value
£50,465 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20256 months ago
Submission Deadline
24 Feb 2025Expired
Future Notice Date
Not specified
Award Date
29 Jun 20257 months ago
Contract Period
3 Oct 2025 - 3 Oct 2030 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
MINISTRY OF JUSTICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4AP
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

CHARLES STANLEY

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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