Award

CORP - LCC/LPFA Pension Fund Depositary and Custody Services

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

19 Dec 2017 at 10:21

Award Notice
Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The procurement process for the "CORP - LCC/LPFA Pension Fund Depositary and Custody Services" has been completed by Lancashire County Council, based in Preston, England. This process involved the provision of depositary, custody, registrar, and administration services for the Lancashire County Council in partnership with the London Pensions Fund Authority. The procurement method was an open procedure, with the contract period lasting from 1st April 2016 to 31st March 2021. The total contract value was £40 million, and the procurement documentation was published on 14th July 2015, with the tender period concluding on 14th August 2015.

This tender presents significant opportunities for businesses specialising in financial and administrative services, particularly those experienced in custody services and pension fund management. Companies that can offer comprehensive solutions, including asset safekeeping, trade settlements, and fund administration, would be well-positioned to compete in future tenders of a similar nature. The collaboration between Lancashire County Council and the Local Pensions Partnership indicates a robust demand for experienced providers in the public sector's asset management sphere.

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Notice Information

Notice Title

CORP - LCC/LPFA Pension Fund Depositary and Custody Services

Notice Description

This is a request for proposal for the procurement for the award of: (i) depositary and custody services; (ii) registrar and transfer agency services; (iii) administration services. for Lancashire County Council working in partnership with London Pensions Fund Authority. LCC and LPFA are looking to appoint a service provider to act as Depositary, Custodian (including safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting), Fund Administrator, Fund Accountant, Transfer Agent etc. for the pool of assets that will form the ACS. The Depositary will undertake a key role in overseeing the services provided in relation to the ACS and is therefore considered a vital role within this procurement process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-927fb5dd-adc8-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/333a8d3e-53de-43d2-a9e7-d8ca1c2497cd
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
Other - completed by the Local Pensions Partnership
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

66132000 - Commodity brokerage services

66141000 - Pension fund management services

66162000 - Custody services

72310000 - Data-processing services

Notice Value(s)

Tender Value
£40,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20178 years ago
Submission Deadline
14 Aug 2015Expired
Future Notice Date
Not specified
Award Date
30 Mar 20169 years ago
Contract Period
31 Mar 2016 - 31 Mar 2021 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
LANCASHIRE COUNTY COUNCIL
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

COMPLETED BY THE LOCAL PENSIONS PARTNERSHIP

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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