Tender

GSV2311 - PCPF Custodian

UK PARLIAMENT

This public procurement record has 1 release in its history.

Tender

25 Oct 2021 at 15:40

Tender Notice
Summary of the contracting process

The UK Parliament is currently seeking a global custodian to provide custody services for the Parliamentary Contributory Pension Fund (PCPF) through an open procurement process. The tender, titled "GSV2311 - PCPF Custodian," falls under the industry category of pension fund management services, with an estimated contract value of £1,100,000. The tender period is open until 26 November 2021, and the required services are to support a multi-manager investment structure for various asset classes. The contract is set to commence on 1 April 2022 and will run for five years until 31 March 2027. Interested participants must demonstrate capability in UK Pension Fund arrangements and meet minimum financial stability criteria.

This tender provides significant opportunities for businesses, particularly those specialising in financial and consultancy services such as pension fund management, investment accounting, and trust and custody services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to apply, as they may offer innovative solutions that align with the needs of the UK Parliament. Businesses that can showcase expertise in handling diverse investment strategies and regulatory compliance in the UK pension sector will be well-positioned to compete for this contract.

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Notice Information

Notice Title

GSV2311 - PCPF Custodian

Notice Description

The Parliamentary Contributory Pension Fund ("the Fund") is a statutory public service pension scheme under the Parliamentary and Other Pensions Act 1972. The Trustees of the Fund are seeking to appoint a global custodian to provide custody services to the Fund. The global custodian is to provide a global custody network (either directly or via a sub custodian arrangement) for safekeeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. Tenderers must be able to demonstrate the ability to work with UK Pension Fund arrangements and meet certain minimum financial stability criteria.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/650d81ef-c440-4a9f-a5b6-6a90915bc575
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

66122000 - Corporate finance and venture capital services

66131100 - Pension investment services

66141000 - Pension fund management services

66160000 - Trust and custody services

66162000 - Custody services

66171000 - Financial consultancy services

66180000 - Foreign exchange services

66500000 - Insurance and pension services

66520000 - Pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
25 Oct 20214 years ago
Submission Deadline
26 Nov 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Apr 2022 - 31 Mar 2027 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK PARLIAMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 9NB
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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