{ "tag": [ "compiled" ], "id": "ocds-h6vhtk-05d8c5-2025-12-02T12:14:01Z", "date": "2025-12-02T12:14:01Z", "ocid": "ocds-h6vhtk-05d8c5", "initiationType": "tender", "tender": { "id": "ocds-h6vhtk-05d8c5", "legalBasis": { "id": "32014L0024", "scheme": "CELEX" }, "title": "LGPS Multi Provider Framework for the Provision of Stewardship Services", "status": "complete", "classification": { "scheme": "CPV", "id": "66520000", "description": "Pension services" }, "mainProcurementCategory": "services", "description": "Provision of stewardship services, including engagement with issuers and voting recommendations.", "lots": [ { "id": "1", "description": "A contract was awarded to Hermes under the National LGPS Framework for the provision of stewardship services, including engagement with issuers and voting recommendations.", "hasOptions": false, "awardCriteria": { "criteria": [ { "type": "price" } ] }, "status": "cancelled", "contractPeriod": { "durationInDays": 1440 } } ], "items": [ { "id": "1", "deliveryAddresses": [ { "region": "UKK" }, { "region": "UKK" }, { "region": "UKK" } ], "relatedLot": "1" } ], "procurementMethod": "limited", "procurementMethodDetails": "Award procedure without prior publication of a call for competition", "procurementMethodRationaleClassifications": [ { "id": "D_EXTREME_URGENCY", "scheme": "TED_PT_AWARD_CONTRACT_WITHOUT_CALL", "description": "Extreme urgency brought about by events unforeseeable for the contracting authority/entity and in accordance with the strict conditions stated in the directive" } ], "procurementMethodRationale": "Brunel Pension Partnership Limited (\"Brunel\") intends to extend its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1 )(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties. The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension." }, "awards": [ { "id": "070376-2025-1", "relatedLots": [ "1" ], "status": "active", "suppliers": [ { "id": "GB-COH-05167179", "name": "Hermes Equity Ownership Services Limited" } ] }, { "id": "078849-2025-1", "relatedLots": [ "1" ], "status": "active", "suppliers": [ { "id": "GB-COH-105167179", "name": "Hermes Equity Ownership Services Limited" } ] }, { "id": "078862-2025-1-VR-03112025-1", "relatedLots": [ "1" ], "status": "active", "suppliers": [ { "id": "GB-COH-05167179", "name": "Hermes Equity Ownership Services Limited" } ] } ], "parties": [ { "id": "GB-COH-10429110", "name": "BRUNEL PENSION PARTNERSHIP LIMITED", "identifier": { "legalName": "BRUNEL PENSION PARTNERSHIP LIMITED", "id": "10429110", "scheme": "GB-COH" }, "address": { "streetAddress": "5th Floor 101 Victoria Street", "locality": "Bristol", "region": "UKK11", "postalCode": "BS16PU", "countryName": "United Kingdom" }, "contactPoint": { "email": "legal.brunel@brunelpp.org" }, "roles": [ "buyer" ], "details": { "url": "https://www.brunelpensionpartnership.org/", "classifications": [ { "scheme": "TED_CA_TYPE", "description": "LGPS" }, { "scheme": "COFOG", "description": "LGPS" }, { "scheme": "TED_CA_TYPE", "description": "LGPS" }, { "scheme": "COFOG", "description": "LGPS" } ] } }, { "id": "GB-COH-05167179", "name": "Hermes Equity Ownership Services Limited", "identifier": { "legalName": "Hermes Equity Ownership Services Limited", "id": "05167179", "scheme": "GB-COH" }, "address": { "streetAddress": "150 Cheapside", "locality": "London", "region": "UKI", "postalCode": "EC2V 6ET", "countryName": "United Kingdom" }, "roles": [ "supplier" ], "details": { "scale": "large" } }, { "id": "GB-FTS-84415", "name": "Brunel Pension Partnership Limited", "identifier": { "legalName": "Brunel Pension Partnership Limited" }, "address": { "locality": "Bristol", "countryName": "United Kingdom" }, "roles": [ "reviewBody" ] }, { "id": "GB-COH-105167179", "name": "Hermes Equity Ownership Services Limited", "identifier": { "legalName": "Hermes Equity Ownership Services Limited", "id": "105167179", "scheme": "GB-COH" }, "address": { "streetAddress": "1 so Cheapside", "locality": "London", "region": "UKI", "postalCode": "EC2V 6ET", "countryName": "United Kingdom" }, "roles": [ "supplier" ], "details": { "scale": "large" } } ], "buyer": { "id": "GB-COH-10429110", "name": "BRUNEL PENSION PARTNERSHIP LIMITED" }, "contracts": [ { "id": "070376-2025-1", "awardID": "070376-2025-1", "status": "active", "value": { "amount": 212500, "currency": "GBP" }, "dateSigned": "2021-12-01T00:00:00Z" }, { "id": "078849-2025-1", "awardID": "078849-2025-1", "status": "active", "value": { "amount": 850000, "currency": "GBP" }, "dateSigned": "2021-12-01T00:00:00Z" }, { "id": "078862-2025-1-VR-03112025-1", "awardID": "078862-2025-1-VR-03112025-1", "status": "active", "value": { "amount": 1062500, "currency": "GBP" }, "dateSigned": "2021-12-01T00:00:00Z", "period": { "durationInDays": 1440 }, "items": [ { "id": "1", "classification": { "scheme": "CPV", "id": "66520000", "description": "Pension services" }, "deliveryAddresses": [ { "region": "UKK" } ], "relatedLot": "1" } ], "amendments": [ { "id": "1", "description": "Brunel Pension Partnership Limited (\"Brunel\") are extending the contract with Hermes under the justification listed below for the provision of engagement and voting provider services which expires on 1 December 2025. This is as a direct result of the government's announcement in May 2025 on pooling consolidation. Brunel intends to extend this contract on the same terms to Hermes under Regulation 72(1)(c) of the Public Contract Regulations 2015.", "rationale": "Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: Brunel have extended its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1)(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties. The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension." } ] } ], "language": "en", "bids": { "statistics": [ { "id": "1", "measure": "bids", "relatedLot": "1", "value": 1 } ] } }