---
title: "Provision of Fiduciary Management services to Aberystwyth University Pension Scheme"
ocid: "ocds-h6vhtk-042534"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-042534"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-042534.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-042534.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "ABERYSTWYTH UNIVERSITY"
published: "2024-10-24"
---

# Provision of Fiduciary Management services to Aberystwyth University Pension Scheme

Buyer: ABERYSTWYTH UNIVERSITY  
Current stage: Award  
OCID: ocds-h6vhtk-042534

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## Summary

Aberystwyth University has awarded a contract for the provision of fiduciary management services to its Pension Scheme. This procurement process falls under the category of pension investment services and aims to provide fiduciary management alongside necessary investment consultancy advice for the Defined Benefit section of the Plan. The contract, valued at £1.5 million, is awarded to SCHRODERS PLC and involves the completion date of 11th April 2024. The procurement method used was an open procedure, ensuring a transparent and competitive tender process. This contract primarily addresses the needs within the services sector, specifically in the region of Aberystwyth, UK.

This tender presents significant opportunities for businesses within the financial services industry, particularly those specialising in pension fund management, consultancies, and fiduciary services. Institutions that have expertise in managing pension investments and providing strategic consultancy can significantly benefit by engaging in similar procurement opportunities. This contract exemplifies the value of securing large-scale projects in the higher education sector, potentially paving the way for additional contracts and fostering long-term business growth through reputable collaborations. Firms able to meet the rigorous technical and cost criteria stand to benefit immensely from the visibility and the financial remuneration associated with such high-value tenders.

## Notice

To provide a FM service to Aberystwyth University Pension Scheme ("the Scheme") together with the necessary investment consultancy advice for the Defined Benefit section of the Plan only to allow the Trustee to set the strategic investment objectives for the Fund and help consideration of the development of a de-risking plan.

### Lot Information

Lot 1

Fulfilling these roles will involve the appointed FM taking instructions from the Trustee Board as well as other persons notified to the FM from time to time. Whilst this is proceeding through the University's procurement process the appointment will be a decision for trustees and all obligations and duties of the FM manager are owed to the trustees. The trustees shall have to satisfy themselves that their legal obligations as trustees in relation to investment advice and management are being fulfilled. It shall be the Pension Scheme and not the University that is entering into the contractual obligations.

Renewal: 2 years + 2 years + 1 year subject to satisfactory performance

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/034501-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Oct 2024 |
| Submission deadline | 31 Jan 2024 |
| Future notice date | Not specified |
| Award date | 10 Apr 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,500,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ABERYSTWYTH UNIVERSITY |
| Locality | ABERYSTWYTH, CEREDIGION |
| Post town | Shrewsbury |
| Postcode | SY23 3AH |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL4 Mid and South West Wales |
| ITL 3 | TLL41 Mid Wales |
| Local authority | Ceredigion |
| Electoral ward | Llanbadarn Fawr |
| Westminster constituency | Ceredigion Preseli |
| Delivery location | TLL1 West Wales and The Valleys |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SCHRODERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66520000 - Pension services
- 66523000 - Pension fund consultancy services

## Release History

- 24 Oct 2024 at 13:46 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/034501-2024
- 13 Dec 2023 at 12:02 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/036628-2023

## Notice URLs

- https://etenderwales.bravosolution.co.uk/
- https://www.aber.ac.uk/
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA1009

## 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-042534. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-042534.json.