Tender

Fiduciary Management Services for UoB Pension & Assurance Scheme

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Tender

29 Jul 2024 at 13:36

Tender Notice
Summary of the contracting process

The University of Bristol is seeking providers for fiduciary management services for its Pension and Assurance Scheme (UBPAS). The procurement, classified under pension investment services, aims to oversee the Scheme's assets, valued at approximately £240 million. This competitive procedure with negotiation is a selective procurement method and is currently at the tender stage. Key dates include the tender period ending on 27 August 2024, with the contract period starting from 1 May 2025 and potentially extending to 1 May 2034. The geographic scope covers British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom, specifically the South West region of England.

This tender represents a significant opportunity for businesses with expertise in fiduciary management and investment strategies to grow by partnering with a reputable academic institution. Companies specialising in strategic and tactical asset allocation, hedging strategy, and risk management will find this contract particularly relevant. Large firms with robust capabilities in managing substantial assets and providing comprehensive investment services are well-suited to compete in this procurement, as the complexity and size of the contract may not favour SMEs or VCSEs.

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Notice Information

Notice Title

Fiduciary Management Services for UoB Pension & Assurance Scheme

Notice Description

The Trustee of the University of Bristol Pension and Assurance Scheme has decided to review the provider who manages the assets of the Scheme on a fiduciary basis. The scheme has assets of approximately 240 000 000 GBP. The appointed organisation will provide a full fiduciary management service to the Trustee of the University of Bristol Pension and Assurance Scheme (UBPAS), together with the necessary support in respect of the delivery of the investments, and operational aspects of investments, 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. Additional information: Initial contract is 5 years with option to extend for a further 4 years in 2 year increments (5+2+2). 108 months if full term. Contract will be retendered prior to expiry date as service will continue to be required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/321d35a4-c91d-44b8-acf9-f84d0dbaa61a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender 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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
£13,500,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
27 Aug 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2025 - 1 May 2034 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
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
Post Town
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

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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