--- title: "Sole Trustee for the University of Bristol Pension and Assurance Scheme" ocid: "ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1.json" source: "Contracts Finder" current_stage: "Tender" buyer: "UNIVERSITY OF BRISTOL" published: "2021-07-22" --- # Sole Trustee for the University of Bristol Pension and Assurance Scheme Buyer: UNIVERSITY OF BRISTOL Current stage: Tender OCID: ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1.json) ## Summary The University of Bristol is currently conducting a tender process for the role of Sole Corporate Trustee Provider for its Pension and Assurance Scheme. This competitive procurement falls under the services category, specifically for trust services, with a total contract value of £420,000. The tender was published on 22nd July 2021 and is set to close on 23rd August 2021. The contract period will begin on 1st March 2022, potentially lasting up to 12 years. The University aims to appoint a provider who can enhance governance and ensure compliance while meeting the Scheme's financial needs. This tender presents a significant opportunity for businesses specialising in trustee services, particularly those with the capability to deliver strategic governance and investment management. Small and medium-sized enterprises (SMEs) that prioritise member interests and have a deep understanding of corporate finance functions will be well placed to submit competitive proposals. Engaging in this tender could provide a lucrative avenue for growth, as the selected provider will play a critical role in safeguarding the interests of the Scheme's members and the University. ## Notice The University's is seeking to appoint a Sole Corporate Trustee Provider who adds value to the governance of the Scheme and its objectives, in the interests of both the Scheme's members and the University, as principal employer. The Sole Corporate Trustee Provider must protect members' interests, safeguard and strategically manage the investment of Scheme assets (with the Fiduciary Manager), monitor, manage, mitigate or eliminate risks and ensure the short, medium and longer-term funding needs of the Scheme are met. Beyond this, the Sole Corporate Trustee Provider will take the initiative and develop and implement a strategy that seeks to deliver the Scheme's long-term funding objective within or before expiry of the stated timeframe. In so doing it will remain flexible and adaptable and will seek to identify innovative solutions to drive efficiency to meet the objective more cost effectively or ahead of time or to further mitigate or eliminate any risk to the Scheme, its members and the university. Throughout its tenure, the Sole Corporate Trustee Provider must ensure that the Scheme remains fully compliant with the legal and regulatory environment and the Scheme's constitution and that it maintains an effective system of governance. At all times the Sole Corporate Trustee Provider will be mindful of the need to provide a cost effective, proportionate, transparent and high-quality service to the Scheme and the University, as principal employer. The Sole Corporate Trustee Provider will be expected to operate as Sole Corporate Trustee in line with the values which have historically applied to UBPAS trusteeship, these being; I. to treat member interests and fairness as a very high priority; and II. to gain an in depth understanding of the covenant, the UoB business model and thereby interact effectively with the University finance function. The initial contract period will be for 6 years which may be extended to a maximum total period of 12 years. Additional information: Link to eSourcing Portal https://tenders.bris.ac.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f53fb6da-4118-4a76-89fd-00d22c6a9964 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation (above threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 22 Jul 2021 | | Submission deadline | 23 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Mar 2022 - 28 Feb 2034 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £420,000 | | 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 | UNIVERSITY OF BRISTOL | | Locality | BRISTOL | | Post town | Bristol | | Postcode | BS1 5DS | | 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) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66161000 - Trust services ## Release History - 22 Jul 2021 at 07:09 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f53fb6da-4118-4a76-89fd-00d22c6a9964 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/f53fb6da-4118-4a76-89fd-00d22c6a9964 22nd July 2021 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.bristol.ac.uk - https://tenders.bris.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-a5c9ceed-86cb-4477-91e8-7def1809dde1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a5c9ceed-86cb-4477-91e8-7def1809dde1.json.