---
title: "SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)"
ocid: "ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "EU SUPPLY LIMITED"
published: "2025-05-08"
---

# SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)

Buyer: EU SUPPLY LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963.json)

## Summary

The South Yorkshire Pensions Authority (SYPA) has successfully completed the procurement process for the provision of Global Custody Services under the Local Government Pension Scheme (LGPS) Framework Agreement, titled "SYPA - Custodian Procurement - LGPS Framework Agreement (NCCT42038)". This tender involved a restricted procedure as the procurement method, aimed at securing trust and custody services, classified under the CPV codes relating to banking and investment services. The contract, valued at £603,999, was awarded to Northern Trust on 23rd October 2024 and will span from 1st November 2024 to 31st October 2033. The location of services includes Barnsley, South Yorkshire, and extends to various international locations, including British Overseas Territories and Europe.

This tender presents significant opportunities for large financial institutions specialising in banking, investment, and custody services, particularly those with existing capabilities and interests in global service provision. Although this opportunity is not suitable for SMEs or VCSEs, businesses akin to Northern Trust, which have experience in delivering comprehensive trust and custody services, are well positioned to benefit from participating in such tenders. Furthermore, the long contract period offers stability and sustained engagement in servicing the diverse and expansive geographical areas outlined within the tender, thereby fostering business growth and potential expansion into new markets.

## Notice

South Yorkshire Pensions Authority - Provider to supply Global Custody Services as set out in the Framework tender documents.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/16dbc078-78db-4d4b-a499-e66355883aa4 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 May 2025 |
| Submission deadline | 20 Sep 2024 |
| Future notice date | Not specified |
| Award date | 22 Oct 2024 |
| Contract period | 1 Nov 2024 - 31 Oct 2033 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £284,558 |
| 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 | EU SUPPLY LIMITED |
| Additional buyers | SOUTH YORKSHIRE PENSIONS AUTHORITY |
| Locality | BARNSLEY, SOUTH YORKSHIRE |
| Post town | Sheffield |
| Postcode | S71 1HG |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE33 Barnsley |
| Local authority | Barnsley |
| Electoral ward | Central |
| Westminster constituency | Barnsley North |
| Delivery location | Not specified |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services
- 66160000 - Trust and custody services
- 66162000 - Custody services

## Release History

- 8 May 2025 at 19:18 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/16dbc078-78db-4d4b-a499-e66355883aa4
- 30 Apr 2025 at 14:51 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/16dbc078-78db-4d4b-a499-e66355883aa4
- 6 Dec 2024 at 11:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/16dbc078-78db-4d4b-a499-e66355883aa4

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/16dbc078-78db-4d4b-a499-e66355883aa4
  8th May 2025 - Awarded contract notice on Contracts Finder
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=84415&B=SYPA
  Additional data
- https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/104506
  User / Company

## Notice URLs

- https://www.sypensions.org.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-b9ab3613-041c-4f38-bdb5-a24342085963. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b9ab3613-041c-4f38-bdb5-a24342085963.json.