This public procurement record has 1 release in its history.

Award

19 Jun 2026 at 16:39

Summary of the contracting process

The London Borough of Harrow has successfully completed the procurement process for appointing a global custodian for its Pension Fund. This contract pertains to the provision of safekeeping and record-keeping services for pension fund assets. Categorised under services, this procurement falls within the pension fund management services industry. The process was conducted through a direct procurement method, thereby operating below the competition threshold. The successful supplier is Northern Trust Company, located in Canary Wharf, London. The contract was signed on 1st April 2026 and spans until 31st March 2029, with a total value of £140,000, plus a gross amount of £168,000. The contracting authority is the London Borough of Harrow, a sub-central government public authority, located in Harrow.

This tender provides substantial opportunities for firms specializing in asset management, financial services, and custodian services to enter or expand within the public sector market. With a focus on managing pension fund assets, it is particularly attractive to businesses with expertise in financial stewardship and institutional asset management. The direct procurement approach suggests that experienced firms with established credentials in the sector would be well-suited to similar opportunities in the future, particularly those who can efficiently manage assets while maintaining rigorous records, thus meeting the governmental requirements and standards for managing public funds.

How relevant is this notice?

Notice Title

Pension Fund Global Custodian

Notice Description

Appointment of a global custodian to the Harrow Pension Fund. The custodian provides safekeeping and records of Pension Fund Assets and their associated transactions and values.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b98e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/058269-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£140,000 £100K-£500K

Notice Dates

Publication Date
19 Jun 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20262 months ago
Contract Period
31 Mar 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HARROW
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HARROW
Postcode
HA3 8FL
Post Town
Harrow
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI74 Harrow and Hillingdon
Delivery Location
Not specified

Local Authority
Harrow
Electoral Ward
Kenton West
Westminster Constituency
Harrow East

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST COMPANY (THE

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-06b98e-2026-06-19T17:39:16+01:00",
    "date": "2026-06-19T17:39:16+01:00",
    "ocid": "ocds-h6vhtk-06b98e",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-PPON-PQRC-2343-GRQR",
            "name": "London Borough of Harrow",
            "identifier": {
                "scheme": "GB-PPON",
                "id": "PQRC-2343-GRQR"
            },
            "address": {
                "streetAddress": "Forward Drive",
                "locality": "Harrow",
                "postalCode": "HA3 8FL",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKI74"
            },
            "contactPoint": {
                "email": "procurement@harrow.gov.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "publicAuthoritySubCentralGovernment",
                        "scheme": "UK_CA_TYPE",
                        "description": "Public authority - sub-central government"
                    }
                ]
            }
        },
        {
            "id": "GB-COH-BR001960",
            "name": "NORTHERN TRUST COMPANY (THE)",
            "identifier": {
                "scheme": "GB-COH",
                "id": "BR001960"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PTPD-8566-CYTG"
                }
            ],
            "address": {
                "streetAddress": "50 Bank Street",
                "locality": "Canary Wharf, London",
                "postalCode": "E14 5NT",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKI42"
            },
            "contactPoint": {
                "email": "ac802@ntrs.com"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "url": "http://www.northerntrust.com",
                "scale": "large",
                "vcse": false
            }
        }
    ],
    "buyer": {
        "id": "GB-PPON-PQRC-2343-GRQR",
        "name": "London Borough of Harrow"
    },
    "tender": {
        "id": "ocds-h6vhtk-06b98e",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Pension Fund Global Custodian",
        "description": "Appointment of a global custodian to the Harrow Pension Fund. The custodian provides safekeeping and records of Pension Fund Assets and their associated transactions and values.",
        "status": "complete",
        "procurementMethod": "direct",
        "procurementMethodDetails": "Below threshold - without competition",
        "lots": [
            {
                "id": "1",
                "status": "complete"
            }
        ]
    },
    "awards": [
        {
            "id": "1",
            "status": "active",
            "mainProcurementCategory": "services",
            "suppliers": [
                {
                    "id": "GB-COH-BR001960",
                    "name": "NORTHERN TRUST COMPANY (THE)"
                }
            ],
            "items": [
                {
                    "id": "1",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "66141000",
                            "description": "Pension fund management services"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UKI74",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "1"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "1",
            "awardID": "1",
            "status": "active",
            "period": {
                "startDate": "2026-04-01T00:00:00+01:00",
                "endDate": "2029-03-31T23:59:59+01:00"
            },
            "value": {
                "amountGross": 168000,
                "amount": 140000,
                "currency": "GBP"
            },
            "aboveThreshold": false,
            "dateSigned": "2026-04-01T00:00:00+01:00",
            "documents": [
                {
                    "id": "058269-2026",
                    "documentType": "contractNotice",
                    "noticeType": "UK7",
                    "description": "Contract details notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/058269-2026",
                    "datePublished": "2026-06-19T17:39:16+01:00",
                    "format": "text/html"
                }
            ]
        }
    ],
    "language": "en"
}