Planning

Provision of Futures Clearing Broker Services

BORDER TO COAST PENSIONS PARTNERSHIP LIMITED

This public procurement record has 2 releases in its history.

PlanningUpdate

25 Mar 2026 at 16:17

UK3 - Planned Procurement Notice
Planning

25 Mar 2026 at 15:48

UK3 - Planned Procurement Notice
Summary of the contracting process

Border to Coast Pensions Partnership Limited, based in Leeds, UK, is planning to procure Futures Clearing Broker Services with a tender process that follows the competitive flexible procedure. As of 1 April 2026, the firm manages assets for 18 Local Government Pension Scheme funds, with the current assets under management at approximately £53bn, projected to grow to around £115bn in the forthcoming 2 to 3 years. The procurement process is in the planning update stage, focusing on the financial consultancy and transaction processing and clearing-house services category. Relevant deadlines include the tender submission closure on 18 May 2026, and the award decision by 9 July 2026, with the contract expected to start on 25 September 2026 and last for an initial five years, with a potential five-year extension.

This tender represents substantial business growth opportunities for firms specialising in financial consultancy and clearing-house services. Ideal candidates would be businesses capable of integrating services with current and future state portfolio management systems, particularly those transitioning to BlackRock Aladdin by the end of 2026. Additionally, enterprises with strong brokerage operations, able to operate under VAT exempt conditions and adapt to the rigorous scoring and moderation processes of a competitive flexible procurement, will find this tender highly compatible. The accelerated nature of the procedure reflects the need for agile and well-prepared businesses ready to facilitate innovative financial services within the UK’s public sector.

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Notice Information

Notice Title

Provision of Futures Clearing Broker Services

Notice Description

Border to Coast Pensions Partnership Limited ("Border to Coast") is an FCA regulated investment manager based in Leeds, UK managing assets on behalf of 18 Local Government Pension Scheme ("LGPS") pension funds (as of 1 April 2026). Border to Coast has investment propositions across a range of asset classes including equities, fixed income, private markets and real estate. There is a mix of internal (direct) and external (via third party managers) management across these propositions. Assets under management are currently ~PS53bn and are expected to grow to ~PS115bn over the next 2 - 3 years. In addition, Border to Coast is developing a series of investment capabilities to provide advisory, asset allocation and implementation services to Partner Funds. Border to Coast currently uses Bloomberg for its Order Management / Portfolio Management system ("OMS / PMS") but will be migrating to BlackRock Aladdin towards the end of 2026. Third Party Administrator ("TPA") services, including brokerage, custody and fund accounting, are provided by Northern Trust. Border to Coast wishes to procure a Futures Clearing Broker to support the implementation of its futures capability. The provider's operating model needs to be able to fully integrate with our OMS / PMS (both current and future state) and our TPA. The service will be VAT exempt.

Lot Information

Lot 1

Renewal: The contract is expected to commence from September 2026. The contract will be for an initial period of 5 years with an option to extend for a further 5 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06741d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027496-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK3 - Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20261 weeks ago
Submission Deadline
18 May 20262 months to go
Future Notice Date
5 May 20262 months to go
Award Date
Not specified
Contract Period
24 Sep 2026 - 24 Sep 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BORDER TO COAST PENSIONS PARTNERSHIP LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 2HJ
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

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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