Planning

Provision of Futures Clearing Broker Services

BORDER TO COAST PENSIONS PARTNERSHIP LIMITED

This public procurement record has 1 release in its history.

Planning

25 Mar 2026 at 16:01

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The procurement process, managed by Border to Coast Pensions Partnership Limited, involves the provision of Futures Clearing Broker Services, with a primary focus on financial consultancy and transaction processing within the United Kingdom. This tender is in the planning stage, with prospective communication expected on 5th May 2026, and the contract period commencing on 25th September 2026, running through to 24th September 2031, with a possible extension until 2036. The procurement aims to support the implementation of futures capability, necessitating integration with the organisation's order and portfolio management systems. This project falls under the services category and is above the financial threshold, exempt from VAT, reflecting its significant potential impact and scope.

This tender presents a substantial opportunity for businesses specialising in financial consultancy, transaction processing, and clearing-house services to establish a pivotal role in supporting the growing asset management needs of 18 Local Government Pension Scheme partner funds. Given Border to Coast's expansion, which projects assets under management to double in the coming years, firms capable of delivering sophisticated integration solutions with existing and future systems will be well-placed for success. Organisations with expertise in collaborating with third-party administrators like Northern Trust, and those familiar with Bloomberg or BlackRock Aladdin systems, will find themselves particularly suited to compete, offering prospects for significant business growth through long-term engagement.

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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. This service will be exempt from VAT.

Planning Information

Border to Coast engaged with 6 suppliers as part of soft market testing over a 4 week period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067424
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027478-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
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
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20261 weeks ago
Submission Deadline
Not specified
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
Planning
Lots Status
Planning
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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