---
title: "LPS CORP - Provision of Pension Fund Custodian Services To Lancashire County Council"
ocid: "ocds-b5fd17-88ee40b7-1ce0-4301-abd7-6961f656f0cc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-88ee40b7-1ce0-4301-abd7-6961f656f0cc"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-88ee40b7-1ce0-4301-abd7-6961f656f0cc.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-88ee40b7-1ce0-4301-abd7-6961f656f0cc.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LANCASHIRE COUNTY COUNCIL"
published: "2018-04-12"
---

# LPS CORP - Provision of Pension Fund Custodian Services To Lancashire County Council

Buyer: LANCASHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-88ee40b7-1ce0-4301-abd7-6961f656f0cc

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## Summary

Lancashire County Council is procuring Pension Fund Custodian Services for the Lancashire County Pension Fund through an open procedure. The procurement process, initiated on 19th December 2017, has a tender period that ended on 26th January 2018, with the contract officially starting on 1st April 2018 and concluding on 31st March 2021, potentially extendable for three additional years. The estimated total contract value ranges between £900,000 and £2,100,000, with an anticipated annual value of £250,000. The services are to be delivered in the North West region of the United Kingdom.

This contract presents an opportunity for businesses specialising in custodian services, particularly those with experience in asset safekeeping, trade settlements, and investment accounting. Companies capable of competing effectively in this space include large financial institutions and service providers with the capacity to manage complex pension fund requirements. Engaging in this procurement can enhance a business's portfolio, particularly for those that can demonstrate a strong track record in similar service provision.

## Notice

This procurement is to establish a single provider contract agreement for custodian services to LCPF (Lancashire County Pension Fund.) LCPF is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc. Current annual value of contract estimated at PS250,000 per annum but total contract value estimated to be between PS900,000 and PS2,100,000 over the enire contract period (including possible extensions). Additional information: Please note: The contract end-date is scheduled for 31st March 2021, with an option to extend for a further three years maximum. The estimated contract value range is between PS900,000 and PS2,100,000. Additional contact email: contractscorporate@lancashire.gov.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/898b095b-88f7-487a-b467-f13438e641d3 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Apr 2018 |
| Submission deadline | 26 Jan 2018 |
| Future notice date | Not specified |
| Award date | 8 Apr 2018 |
| Contract period | 15 Apr 2018 - 15 Apr 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000 |
| Lots value | Not specified |
| Awards value | £1,500,000 |
| 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 | LANCASHIRE COUNTY COUNCIL |
| Locality | PRESTON |
| Post town | Preston |
| Postcode | PR1 8XJ |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD4 Lancashire |
| ITL 3 | TLD45 Mid Lancashire |
| Local authority | Preston |
| Electoral ward | City Centre |
| Westminster constituency | Preston |
| Delivery location | TLD North West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE NORTHERN TRUST |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 75 - Administration, defence and social security services

### Codes

- 66520000 - Pension services
- 75320000 - Government employee pension schemes

## Release History

- 12 Apr 2018 at 10:53 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/898b095b-88f7-487a-b467-f13438e641d3
- 19 Dec 2017 at 15:33 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5200cec0-62d0-4e4e-be43-1a207cc9fb52
- 19 Dec 2017 at 15:21 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/5200cec0-62d0-4e4e-be43-1a207cc9fb52

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/898b095b-88f7-487a-b467-f13438e641d3
  12th April 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/5200cec0-62d0-4e4e-be43-1a207cc9fb52
  19th December 2017 - Opportunity notice on Contracts Finder
- http://www3.lancashire.gov.uk/corporate/web/?siteid=6864&pageid=41137&e=e
  To apply, please select this link

## Provenance

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