--- title: "Sole Trustee for the UoB Pension and Assurance Scheme" ocid: "ocds-h6vhtk-02cafa" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02cafa" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02cafa.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02cafa.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "UNIVERSITY OF BRISTOL" published: "2021-07-21" --- # Sole Trustee for the UoB Pension and Assurance Scheme Buyer: UNIVERSITY OF BRISTOL Current stage: Tender OCID: ocds-h6vhtk-02cafa [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02cafa) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02cafa.json) ## Summary The University of Bristol is actively seeking a Sole Trustee for its Pension and Assurance Scheme, with a total estimated value of £1,000,000 over a contract duration of up to 12 years. This tender, classified under trust services in the services category, is currently in the planning stage with submission deadlines set for 23rd August 2021. Bids will be accepted electronically and in writing for an initial six-year contract that has potential extensions. The services are to be delivered in Bristol, UK, with the selection procedure being competitive with negotiation, and the University aiming to appoint between four and six candidates for the next phase of the process. This opportunity presents a significant growth avenue for businesses specialising in pension fund management, trust and custody services, and pension fund consultancy. Companies that can demonstrate expertise in governance, risk management, and compliance with legal regulations would be particularly well-suited to compete for this contract. The emphasis on delivering a cost-effective, high-quality service aligned with the University values also invites participation from firms that prioritise member interests and have innovative solutions to enhance governance and funding strategies. ## Notice The University of Bristol is seeking to procure independent professional Sole Trustee Services for the University of Bristol Pension & Assurance Scheme. ### Lot Information Lot 1 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 Additional information: The estimated total value quoted in II.1.5 is estimated over 12 years. Options: The initial contract period will be for 6 years which may be extended to a maximum total period of 12 years. Renewal: The intention is to re-procure the requirement before expiry of the contract being tendered. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/017292-2021 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 21 Jul 2021 | | Submission deadline | 23 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | 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 | TLK11 Bristol, City of | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66141000 - Pension fund management services - 66160000 - Trust and custody services - 66161000 - Trust services - 66162000 - Custody services - 66523000 - Pension fund consultancy services - 66523100 - Pension fund administration services ## Release History - 21 Jul 2021 at 21:45 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017292-2021 ## 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-h6vhtk-02cafa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02cafa.json.