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BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds

Betsi Cadwaladr University Health Board

This public procurement record has 2 releases in its history.

Award

12 Sep 2025 at 17:08

UK6 - Contract Award Notice
Tender

17 Jun 2025 at 17:12

UK4 - Tender Notice
Summary of the contracting process

Betsi Cadwaladr University Health Board, based in Bangor, has completed the procurement process entitled "BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds". This procurement, following an open procedure, was aimed at appointing an investment manager to manage charitable fund investments with an ethical investment policy in place. The tender process was managed by the NHS Wales Shared Services Partnership, hosted by Velindre University NHS Trust. The procurement was in the financial and insurance services category and covered multiple regions across the United Kingdom. The procurement method was active from June 2025, with the tender process concluding at midday on 14 July 2025, and the award process finalised by August 2025. The contract period is set to commence on 1 October 2025 and conclude on 30 September 2029, with options for renewal up to 2030 contingent on supplier performance.

This tender represents an opportunity for businesses specialising in financial and investment management services with a focus on ethical financing. Businesses capable of ensuring adherence to ethical investment principles, while optimising returns for charitable funds, were well-suited to compete. The contract was awarded to Brewin Dolphin Limited, highlighting the potential for large-scale financial service firms to secure significant contracts underpinned by ethical investment strategies. Such tenders promote business growth by diversifying service portfolios and establishing longer-term relationships with healthcare entities in the public sector. SMEs and VCSEs were encouraged to participate, although the final stage of the procurement did not attract bids from these sectors, indicating a potential area for market expansion and development.

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Notice Information

Notice Title

BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds

Notice Description

Many of the donations and legacies received by the Charity cannot be spent right away as they need to be accumulated in order to fund the most pressing and relevant items to improve patient care. As a result, the charity invests these contributions in order to earn income and protect their 'real-worth'. An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk. The Charity has adopted an ethical framework for investments with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity. The current Ethical Investments Policy states: It is recommended that there is negative exclusion of investment in companies manufacturing and distributing: - Alcoholic products; - Tobacco products; and - Any products which may be considered in conflict with the Health Board's activities. Investment is not permitted in companies which have a poor record in human rights and child exploitation or which derive their profits from countries with poor human rights records

Lot Information

Lot 1

Renewal: option to extend for a further two 12-month periods subject to supplier performance and internal Health Board approval.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-054e9d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/056364-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
£250,000 £100K-£500K
Awards Value
£199,499 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 202511 months ago
Submission Deadline
14 Jul 2025Expired
Future Notice Date
Not specified
Award Date
12 Sep 202511 months ago
Contract Period
1 Oct 2025 - 30 Sep 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Betsi Cadwaladr University Health Board
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BANGOR
Postcode
LL57 2PW
Postcode Area
Llandudno
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL32 Gwynedd
Delivery Location
TLL11 Isle of Anglesey, TLL12 Gwynedd, TLL13 Conwy and Denbighshire, TLL23 Flintshire and Wrexham
Local Authority
Gwynedd
Electoral Ward
Y Faenol
Westminster Constituency
Bangor Aberconwy

Supplier Information

Number of Suppliers
1
Supplier Name

Brewin Dolphin Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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