--- title: "Fiduciary Management Services for UoB Pension & Assurance Scheme" ocid: "ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c.json" source: "Contracts Finder" current_stage: "Award" buyer: "UNIVERSITY OF BRISTOL" published: "2018-06-29" --- # Fiduciary Management Services for UoB Pension & Assurance Scheme Buyer: UNIVERSITY OF BRISTOL Current stage: Award OCID: ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c.json) ## Summary The University of Bristol is conducting a procurement process for Fiduciary Management Services for its Pension and Assurance Scheme, with a total contract value of £10 million. The tender opportunity falls under the category of pension fund management services and is based in the South West of England. The procurement method used is selective, specifically a competitive procedure with negotiation, aimed at identifying the most economically advantageous tender. The initial contract period commenced on 14 May 2018 and is set to conclude on 13 May 2023, following an earlier tender period that ended on 24 April 2017. This tender represents significant opportunities for businesses specialising in fiduciary management and financial services, particularly those capable of managing large investment portfolios and able to offer comprehensive support in areas such as asset allocation, portfolio construction, and managing scheme liquidity. Firms with experience in working with pension schemes, especially those familiar with compliance and regulatory requirements, may find this procurement advantageous for expanding their service portfolios and client base. ## Notice The Trustees of the University of Bristol Pension and Assurance Scheme decided to appoint a provider to manage the assets of the Scheme on a fiduciary basis. The University of Bristol was instructed by the Trustees of the Scheme to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender. The decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees. The scheme has assets of approximately PS300M. The appointed organisation will provide a full fiduciary management service to the Trustees of the University of Bristol Pension and Assurance Scheme (UBPAS), together with the necessary support in respect of the delivery of the administration of the scheme. The appointed organisation will decide on, oversee, execute or advise on the some or all of the following: Strategic Asset Allocation, Tactical Asset Allocation, Hedging Strategy Implementation, Manager selection, Asset class selection, Portfolio Construction, Managing scheme liquidity, Fund reporting, Trustee Education, Portfolio Implementation, Strategic Objectives, Risk Budget, Constraints, Hedging Strategy Design. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5d726e2f-874e-41b8-a833-aa09c6e101cb | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation (above threshold) | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Jun 2018 | | Submission deadline | 24 Mar 2017 | | Future notice date | Not specified | | Award date | 13 May 2018 | | Contract period | 13 May 2018 - 13 May 2023 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £8,000,000 | | Lots value | Not specified | | Awards value | £10,000,000 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UNIVERSITY OF BRISTOL | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS2 8BB | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK5 West of England | | ITL 3 | TLK51 Bristol, City of | | Local authority | Bristol, City of | | Electoral ward | Central | | Westminster constituency | Bristol Central | | Delivery location | TLK South West (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | MERCER LIMTED | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66141000 - Pension fund management services ## Release History - 29 Jun 2018 at 10:34 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5d726e2f-874e-41b8-a833-aa09c6e101cb - 22 Mar 2017 at 07:58 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/abf29f9c-63bd-47d3-8ec6-c2ccc72710fe ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5d726e2f-874e-41b8-a833-aa09c6e101cb 29th June 2018 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/abf29f9c-63bd-47d3-8ec6-c2ccc72710fe 22nd March 2017 - Opportunity notice on Contracts Finder - https://tenders.bris.ac.uk Link to eSourcing Portal ## Notice URLs - http://www.bristol.ac.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5c5fcdad-812f-4f20-a7ab-0f9bd954194c.json.