---
title: "GSV2311 - PCPF Custodian"
ocid: "ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "UK PARLIAMENT"
published: "2021-10-25"
---

# GSV2311 - PCPF Custodian

Buyer: UK PARLIAMENT  
Current stage: Tender  
OCID: ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb.json)

## Summary

The UK Parliament is currently seeking a global custodian to provide custody services for the Parliamentary Contributory Pension Fund (PCPF) through an open procurement process. The tender, titled "GSV2311 - PCPF Custodian," falls under the industry category of pension fund management services, with an estimated contract value of £1,100,000. The tender period is open until 26 November 2021, and the required services are to support a multi-manager investment structure for various asset classes. The contract is set to commence on 1 April 2022 and will run for five years until 31 March 2027. Interested participants must demonstrate capability in UK Pension Fund arrangements and meet minimum financial stability criteria.

This tender provides significant opportunities for businesses, particularly those specialising in financial and consultancy services such as pension fund management, investment accounting, and trust and custody services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to apply, as they may offer innovative solutions that align with the needs of the UK Parliament. Businesses that can showcase expertise in handling diverse investment strategies and regulatory compliance in the UK pension sector will be well-positioned to compete for this contract.

## Notice

The Parliamentary Contributory Pension Fund ("the Fund") is a statutory public service pension scheme under the Parliamentary and Other Pensions Act 1972. The Trustees of the Fund are seeking to appoint a global custodian to provide custody services to the Fund. The global custodian is to provide a global custody network (either directly or via a sub custodian arrangement) for safekeeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. Tenderers must be able to demonstrate the ability to work with UK Pension Fund arrangements and meet certain minimum financial stability criteria.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/650d81ef-c440-4a9f-a5b6-6a90915bc575 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Oct 2021 |
| Submission deadline | 26 Nov 2021 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Apr 2022 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,100,000 |
| 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 | UK PARLIAMENT |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 9NB |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66000000 - Financial and insurance services
- 66122000 - Corporate finance and venture capital services
- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66160000 - Trust and custody services
- 66162000 - Custody services
- 66171000 - Financial consultancy services
- 66180000 - Foreign exchange services
- 66500000 - Insurance and pension services
- 66520000 - Pension services
- 66523000 - Pension fund consultancy services
- 66523100 - Pension fund administration services
- 79412000 - Financial management consultancy services

## Release History

- 25 Oct 2021 at 15:40 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/650d81ef-c440-4a9f-a5b6-6a90915bc575

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/650d81ef-c440-4a9f-a5b6-6a90915bc575
  25th October 2021 - Opportunity notice on Contracts Finder
- https://in-tendhost.co.uk/parliamentuk/aspx/
  Additional information on how to apply for this contract

## 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-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-827028b0-1ee0-484c-bea7-21d594035dcb.json.