Award

SYPA Custodian Procurement - LGPS Framework Agreement

SOUTH YORKSHIRE PENSIONS AUTHORITY

This public procurement record has 1 release in its history.

Award

08 May 2025 at 08:47

Summary of the contracting process

The South Yorkshire Pensions Authority (SYPA) has successfully concluded a procurement process for the "SYPA Custodian Procurement - LGPS Framework Agreement" under a limited procurement method. This contract, valued at £284,558, involved the appointment of a provider to supply global custody services intended to be delivered at Oakwell House, Barnsley, UK. The process utilised an award procedure without prior publication of a call for competition, falling outside the scope of the directive. The procurement, classified under the CPV code 66162000 for custody services, was completed with the award granted to The Northern Trust Company on 26th March 2025.

This procurement offers significant growth opportunities for businesses specialising in financial and custody services, particularly those experienced in managing similar frameworks and located within the UK. The tender, demanding a high quality of service with an evaluation criterion focusing 80% on quality and 20% on cost, highlights an ideal opportunity for large, capable firms like The Northern Trust Company. Given the detailed classification and specific location requirements, businesses with regional expertise and resources to comply with framework agreements will find themselves well-positioned to benefit from such public sector opportunities.

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Notice Title

SYPA Custodian Procurement - LGPS Framework Agreement

Notice Description

SYPA have appointed a provider to supply global custody services.

Procurement Information

Contract procured via External Framework Agreement.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-050e5d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019574-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66162000 - Custody services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£284,558 £100K-£500K

Notice Dates

Publication Date
8 May 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
26 Mar 202511 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SOUTH YORKSHIRE PENSIONS AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BARNSLEY, SOUTH YORKSHIRE
Postcode
S71 1HG
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE33 Barnsley
Delivery Location
Not specified

Local Authority
Barnsley
Electoral Ward
Central
Westminster Constituency
Barnsley North

Supplier Information

Number of Suppliers
1
Supplier Name

THE NORTHERN TRUST

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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