SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

EU SUPPLY

There are 3 contracts in this contracting process.

Summary of the contracting process

The South Yorkshire Pensions Authority (SYPA) has successfully completed the procurement process for the provision of Global Custody Services under the Local Government Pension Scheme (LGPS) Framework Agreement, titled "SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)". This tender involved a restricted procedure as the procurement method, aimed at securing trust and custody services, classified under the CPV codes relating to banking and investment services. The contract, valued at £603,999, was awarded to Northern Trust on 23rd October 2024 and will span from 1st November 2024 to 31st October 2033. The location of services includes Barnsley, South Yorkshire, and extends to various international locations, including British Overseas Territories and Europe.

This tender presents significant opportunities for large financial institutions specialising in banking, investment, and custody services, particularly those with existing capabilities and interests in global service provision. Although this opportunity is not suitable for SMEs or VCSEs, businesses akin to Northern Trust, which have experience in delivering comprehensive trust and custody services, are well positioned to benefit from participating in such tenders. Furthermore, the long contract period offers stability and sustained engagement in servicing the diverse and expansive geographical areas outlined within the tender, thereby fostering business growth and potential expansion into new markets.

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SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

EU SUPPLY

Contract Timeline

Publication Date

8th May 2025 19:18:09 PM
Contract Summary

South Yorkshire Pensions Authority - Provider to supply Global Custody Services as set out in the Framework tender documents.
Contract Details

Open Contracting ID

ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963

Publication Source

Contracts Finder

Procurement Stage

AwardUpdate

Procurement Method

Selective

Procurement Method Details

Restricted Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS

Framework
Contract Classification

CPV Code(s)

66100000
66160000
66162000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

EU SUPPLY

Buyer Name

Annie Palmer

Buyer Email

apalmer@sypa.org.uk

Buyer Phone

+44 1226772315

Buyer Address

Oakwell House, 2 Beevor Court, Pontefract Road

Barnsley, South Yorkshire

S71 1HG

ENG
Awarded Supplier(s)

Supplier Name(s)

NORTHERN TRUST

View contract on Contracts Finder

AwardUpdate

SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

EU SUPPLY

Contract Timeline

Publication Date

30th April 2025 14:51:17 PM
Contract Summary

South Yorkshire Pensions Authority - Provider to supply Global Custody Services as set out in the Framework tender documents.
Contract Details

Open Contracting ID

ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963

Publication Source

Contracts Finder

Procurement Stage

AwardUpdate

Procurement Method

Selective

Procurement Method Details

Restricted Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS

Framework
Contract Classification

CPV Code(s)

66100000
66160000
66162000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

EU SUPPLY

Buyer Name

Annie Palmer

Buyer Email

apalmer@sypa.org.uk

Buyer Phone

+44 1226772315

Buyer Address

Oakwell House, 2 Beevor Court, Pontefract Road

Barnsley, South Yorkshire

S71 1HG

ENG
Awarded Supplier(s)

Supplier Name(s)

NORTHERN TRUST

View contract on Contracts Finder

Award

SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

SOUTH YORKSHIRE PENSIONS AUTHORITY

Contract Timeline

Publication Date

6th December 2024 11:39:07 AM
Contract Summary

South Yorkshire Pensions Authority - Provider to supply Global Custody Services as set out in the Framework tender documents.
Contract Details

Open Contracting ID

ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Selective

Procurement Method Details

Restricted Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS

Framework
Contract Classification

CPV Code(s)

66100000
66160000
66162000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

SOUTH YORKSHIRE PENSIONS AUTHORITY

Buyer Name

Annie Palmer

Buyer Email

apalmer@sypa.org.uk

Buyer Phone

+44 1226772315

Buyer Address

Oakwell House, 2 Beevor Court, Pontefract Road

Barnsley, South Yorkshire

S71 1HG

ENG
Awarded Supplier(s)

Supplier Name(s)

NORTHERN TRUST

View contract on Contracts Finder

SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

EU SUPPLY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)

SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

EU SUPPLY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)

SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

SOUTH YORKSHIRE PENSIONS AUTHORITY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)