--- title: "LGPS Pool Administrator" ocid: "ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEFRA NETWORK ETENDERING PORTAL" published: "2017-04-28" --- # LGPS Pool Administrator Buyer: DEFRA NETWORK ETENDERING PORTAL Current stage: Tender OCID: ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b.json) ## Summary The procurement process is initiated by the Defra Network eTendering Portal for the position of LGPS Pool Administrator, focusing on pension services within the public sector. This tender falls under the open procedure procurement method and is currently in the Tender stage, with a submission deadline set for 5th June 2017. The resulting contracts will manage a significant asset pool of approximately £22 million across various local government pension schemes primarily located in the South and Southwest of the UK, with the contract set to commence on 1st August 2017 and last for a maximum of ten years. This tender presents a valuable opportunity for businesses in the financial services industry, particularly those specialising in pension fund administration and custody services. Companies that can provide efficient asset management solutions and have experience in similar public sector contracts will be well-positioned to compete for this procurement. Furthermore, small and medium enterprises (SMEs) are specifically encouraged to apply, creating a potential avenue for growth in this competitive market. ## Notice In July 2015, the government announced in its Budget that they wanted the 89 Local Government Pension Schemes (LGPS) to pool their investments. In response to this agenda, Project BPP was set up to explore the options for pooling investment assets across ten LGPS across the South and Southwest UK. The founding pension scheme Clients are The Environment Agency Pension Fund, of which there are two constituent Local Government pension schemes, and the Avon, Buckinghamshire, Cornwall, Devon, Dorset, Gloucestershire, Oxfordshire, Somerset and Wiltshire local government pension schemes. Project BPP will create an FCA regulated entity (the Company) which will manage the investments of the 11 underlying Clients. The assets under their management will total approximately PS25 billion. At the time of this tender the Company is not yet operational. The Company will be incorporated as a private limited company registered in England and Wales under the joint ownership of the Clients prior to the Custodian and Administrator Services contracts being awarded. The purpose of this Tender is to procure the following contracts for the Clients listed in this notice and the Company: one Administrator Services contract with the Company; and ten Custody contracts with each of the Clients individually. The contract with the Company for the Administration services will be the master agreement for the entire BPP relationship. The term of the administration Services contract will be for an initial period of 5 years. After the initial period the Company will have the option to extend for three years and then a further two years, resulting in a maximum contract term of 10 years. The Custody Services contracts will have different contract start dates in line with transition, (more details are available in the Tender Document) but will have the same contract end date as the Administration Services contract. More information on the services that are required to be provided under these two forms of contract can be found in the Tender Documents. All contracts will be awarded to one successful bidder. This procurement is being managed through the Environment Agency's online procurement portal, Bravo. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9f34b7c1-194b-408d-b58d-f7d164505562 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 28 Apr 2017 | | Submission deadline | 5 Jun 2017 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Jul 2017 - 31 Jul 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £22,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEFRA NETWORK ETENDERING PORTAL | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS1 5AH | | 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 | Hotwells and Harbourside | | Westminster constituency | Bristol Central | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66520000 - Pension services ## Release History - 28 Apr 2017 at 15:09 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9f34b7c1-194b-408d-b58d-f7d164505562 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/9f34b7c1-194b-408d-b58d-f7d164505562 28th April 2017 - Opportunity notice on Contracts Finder - https://defra.bravosolution.co.uk Link to eSourcing Portal ## 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-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6816cb21-8c6b-477c-bb70-b5fb02d9417b.json.