---
title: "Fiduciary Management Services for UoB Pension & Assurance Scheme"
ocid: "ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "UNIVERSITY OF BRISTOL"
published: "2024-07-29"
---

# Fiduciary Management Services for UoB Pension & Assurance Scheme

Buyer: UNIVERSITY OF BRISTOL  
Current stage: Tender  
OCID: ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435

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## Summary

The University of Bristol is seeking providers for fiduciary management services for its Pension and Assurance Scheme (UBPAS). The procurement, classified under pension investment services, aims to oversee the Scheme's assets, valued at approximately £240 million. This competitive procedure with negotiation is a selective procurement method and is currently at the tender stage. Key dates include the tender period ending on 27 August 2024, with the contract period starting from 1 May 2025 and potentially extending to 1 May 2034. The geographic scope covers British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom, specifically the South West region of England.

This tender represents a significant opportunity for businesses with expertise in fiduciary management and investment strategies to grow by partnering with a reputable academic institution. Companies specialising in strategic and tactical asset allocation, hedging strategy, and risk management will find this contract particularly relevant. Large firms with robust capabilities in managing substantial assets and providing comprehensive investment services are well-suited to compete in this procurement, as the complexity and size of the contract may not favour SMEs or VCSEs.

## Notice

The Trustee of the University of Bristol Pension and Assurance Scheme has decided to review the provider who manages the assets of the Scheme on a fiduciary basis. The scheme has assets of approximately 240 000 000 GBP. The appointed organisation will provide a full fiduciary management service to the Trustee of the University of Bristol Pension and Assurance Scheme (UBPAS), together with the necessary support in respect of the delivery of the investments, and operational aspects of investments, of the scheme. The appointed organisation will decide on, oversee, execute or advise on the some or all of the following: - Strategic Asset Allocation, - Tactical Asset Allocation, - Hedging Strategy Implementation, - Manager selection, - Asset class selection, - Portfolio Construction, - Managing scheme liquidity, - Fund reporting, - Trustee Education, - Portfolio Implementation, - Strategic Objectives, - Risk Budget, - Constraints, - Hedging Strategy Design. Additional information: Initial contract is 5 years with option to extend for a further 4 years in 2 year increments (5+2+2). 108 months if full term. Contract will be retendered prior to expiry date as service will continue to be required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/321d35a4-c91d-44b8-acf9-f84d0dbaa61a |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Jul 2024 |
| Submission deadline | 27 Aug 2024 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 30 Apr 2025 - 1 May 2034 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £13,500,000 |
| 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

- 66131100 - Pension investment services

## Release History

- 29 Jul 2024 at 13:36 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/321d35a4-c91d-44b8-acf9-f84d0dbaa61a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/321d35a4-c91d-44b8-acf9-f84d0dbaa61a
  29th July 2024 - Opportunity notice on Contracts Finder
- https://tenders.bris.ac.uk/
  Contract Length

## Notice URLs

- http://www.bristol.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-ba521e2e-ee35-43ba-8457-7160f33ad435. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ba521e2e-ee35-43ba-8457-7160f33ad435.json.