Asset Servicing for Private Markets

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    "date": "2026-06-19T14:39:35+01:00",
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    "parties": [
        {
            "id": "GB-COH-10425159",
            "name": "LGPS CENTRAL LIMITED",
            "identifier": {
                "scheme": "GB-COH",
                "id": "10425159"
            },
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                    "scheme": "GB-PPON",
                    "id": "PVZL-3598-XMXZ"
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            "address": {
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                "locality": "Wolverhampton",
                "postalCode": "WV1 1LD",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKG39"
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            "contactPoint": {
                "email": "procurement@lgpscentral.co.uk"
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        {
            "id": "GB-PPON-PMMH-6385-VJPX",
            "name": "AssetMetrix GmbH",
            "identifier": {
                "scheme": "GB-PPON",
                "id": "PMMH-6385-VJPX"
            },
            "address": {
                "streetAddress": "Theresienhoehe 13",
                "locality": "Munich",
                "postalCode": "80339",
                "country": "DE",
                "countryName": "Germany",
                "region": "DE"
            },
            "contactPoint": {
                "email": "christoph.lohrer@asset-metrix.com"
            },
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        "name": "LGPS CENTRAL LIMITED"
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    "tender": {
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        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Asset Servicing for Private Markets",
        "description": "Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds. Please note: The standstill period detailed in the previous Contract Award Notice does not apply to this contract award and was included only to resolve the technical issue identified below. The Contracting Authority is relying on the direct award ground set out in paragraph 13 of Schedule 5 to the Procurement Act 2023 (urgency) (as more fully explained in the associated Transparency Notice published on 18 June 2026) in respect of this contract award. In accordance with s.51(3)(a) of the Act, the Contracting Authority is not required observe a standstill period. Notwithstanding that a standstill period was included in the earlier Contract Award Notice, it does not apply and is not a voluntary standstill period for the purposes of s.51(4) of the Act. The Contracting Authority has been advised there is a technical error within Find a Tender and currently Contract Award Notices can only be published if a standstill period is stated, which in this scenario as explained above, is not a mandatory requirement. Therefore the standstill period detailed in the related Contract Award Notice should be disregarded and does not apply as the Contracting Authority is not entering into a standstill period.",
        "status": "complete",
        "procurementMethod": "direct",
        "procurementMethodDetails": "Direct award",
        "procurementMethodRationale": "Due to the nature and pace of recent LGPS pension pooling reform, approval of the Partner Funds joining LGPS Central Limited was only officially made on 1st April 2026 and therefore the requirement for continuation of essential services from AssetMetrix, in respect of three of the Partner Funds joining from another pool, was unforeseen. The admission date of 1st of April 2026 date for the new Partner Funds has not allowed sufficient time for a competitive procurement process to be undertaken and for the on-boarding of data ahead of the commencement of the complex and essential services in question (being transaction processing, cash settlement, investment look through reporting, and maintenance of investment book of records for the three Partner Funds joining from another pool). The scope of these services is strictly necessary and essential to meet our obligations as an asset pooling company. The contract period has been selected to enable us to ensure the essential services can continue for a minimum of 12 months and then align with the re-procurement of a much wider package of services which is expected to include the services detailed in this transparency notice. It is envisaged this re-procurement will commence in quarter 3 2027. On the basis of the above, these services are deemed as strictly necessary, and for the reasons of extreme and unavoidable urgency, a direct award is justified.",
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    },
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            "status": "active",
            "value": {
                "amountGross": 1150200,
                "currency": "GBP"
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                    "id": "GB-PPON-PMMH-6385-VJPX",
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                            "description": "Financial markets administration services"
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                    "noticeType": "UK5",
                    "description": "Transparency notice on Find a Tender",
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                    "description": "Contract award notice on Find a Tender",
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            "date": "2026-05-27T00:00:00+01:00",
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                "description": "Following the initial 12 month contract period, extensions each of a six month duration are available, with the final extension not to exceed more than a 27 month maximum contract duration."
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                "amountGross": 1150200,
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            },
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