Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Fiduciary Management

General Medical Council (GMC)

This public procurement record has 1 release in its history.

Award

28 Oct 2022 at 11:11

Award Notice
Summary of the contracting process

The General Medical Council (GMC) has awarded a contract for Fiduciary Management services to XPS Pensions Group. The procurement process, conducted through an open procedure, involved evaluating various criteria such as Annual Reporting, Price, and Ethical, Social & Governance Reporting. The contract, worth £283,000 GBP, was signed on 28th July 2022. The GMC, based in Manchester, United Kingdom, carried out this procurement in the services category, specifically in the banking and investment services industry.

This tender for Fiduciary Management services presents growth opportunities for businesses with expertise in investment management, financial consulting, or fiduciary services. Companies specialising in providing comprehensive reporting services, investment strategy evaluation, and ethical investment advisory are well-suited to compete in this tender. As the GMC delegates investment decisions to the fiduciary manager, businesses with a strong track record in managing investment portfolios and risk assessment could find this opportunity particularly relevant to their growth strategies.

How relevant is this notice?

Notice Information

Notice Title

Fiduciary Management

Notice Description

The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.

Lot Information

Lot 1

The Trustees have appointed a Fiduciary Manager. The trustees set the overall investment strategy (including the long term risk and return objectives) and then delegate investment decisions and day-to-day running of the portfolio to their fiduciary manager. The FM arrangement has been in place since 2014. The FM monitor will be required to provide a third party evaluation of the Fiduciary Manager.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-037d21
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030480-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£283,000 £100K-£500K

Notice Dates

Publication Date
28 Oct 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
28 Jul 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
General Medical Council (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

XPS Pensions Group

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...