---
title: "ACCESS Pool Authorised Contractual Scheme Operator"
ocid: "ocds-h6vhtk-0449ad"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0449ad"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0449ad.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0449ad.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "HAMPSHIRE COUNTY COUNCIL"
published: "2024-12-12"
---

# ACCESS Pool Authorised Contractual Scheme Operator

Buyer: HAMPSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-0449ad

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## Summary

Hampshire County Council, on behalf of the ACCESS Pool of Local Government Pension Scheme (LGPS) Pensions, has completed the procurement process for the role of an Authorised Contractual Scheme (ACS) Operator. This procurement, valued at approximately £80,000,000 and covering services in the pension fund management category, utilised an open tender method. The awarded contract will run up to 10 years, with an initial review at the 5-year mark. The ACS, authorised by the Financial Conduct Authority (FCA) since August 2018, supports the investment management for the 11 LGPS Authorities within the ACCESS Pool, impacting over one million members. This contract commenced on 1st December 2024.

The successful tenderer, Waystone Management (UK) Limited, will have the opportunity to support significant growth within the public sector pension management industry. Businesses with expertise in financial services, particularly those experienced in regulatory compliance and investment management, could find substantial opportunities for expansion and strategic partnerships. This tender specifically highlights opportunities for experienced organisations in the management of investment funds and fiduciary duties within a regulated environment, providing a stable long-term contract with a substantial client base.

## Notice

Hampshire County Council (the Authority) is procuring this requirement on behalf of the ACCESS Pool of LGPS Pensions. ACCESS is seeking a suitably experienced, knowledgeable and skilled organisation, with the appropriate regulatory registrations, to fulfil the role of the FCA regulated company which undertakes selection, appointment, dismissal and variation of terms of investment managers, and provides and operates pool vehicles for Administering Authorities in the ACCESS Pool. The Authorised Contractual Scheme (ACS) is an authorised contractual scheme in co-ownership form and authorised by the Financial Conduct Authority (FCA) with effect from 9 August 2018. The ACS has an unlimited duration The ACCESS Pool is a collaboration of 11 like-minded Local Government Pension Scheme Authorities, investing the pensions of over one million members, delivering strong investment performance, achieving greater cost efficiency and benefiting from the best of local authority procurement. Further information regarding the ACCESS Pool can be found here: https://www.accesspool.org/.

### Lot Information

Lot 1

Hampshire County Council is undertaking this procurement on behalf of the ACCESS Pool of LGPS Pension Funds. The procurement will follow a single stage, Open Tender process for the appointment of a the ACS Operator. The Operator Agreement will run for a term of up to 10 years, subject to review in the 5th year. Tenderers should note that the Estimated Value provided in this notice is an estimate of fees payable over the life of the contract based on current and anticipated AuM growth over the life of the contract. The actual fees payable will depend on these and other relevant factors applicable over the course of the contract. This amount should not be taken as a guaranteed value or payment. Full details of the requirement can be found in the Specification at Annex 1 of the ITT documentation by registering within Hampshire's instance of the In-Tend e-procurement platform at the following URL: https://in-tendhost.co.uk/hampshire/aspx/Home

Options: The Operator Agreement will run for an initial term of 5 years with the option, following satisfactory review, to continue for a further 5 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/040158-2024 |
| 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 | 12 Dec 2024 |
| Submission deadline | 10 May 2024 |
| Future notice date | Not specified |
| Award date | 1 Dec 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £80,000,000 |
| Lots value | £80,000,000 |
| Awards value | Not specified |
| Contracts value | £80,000,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HAMPSHIRE COUNTY COUNCIL |
| Additional buyers | CAMBRIDGESHIRE COUNTY COUNCIL; EAST SUSSEX COUNTY COUNCIL; ESSEX COUNTY COUNCIL; HERTFORDSHIRE COUNTY COUNCIL; ISLE OF WIGHT COUNCIL; KENT COUNTY COUNCIL; NORFOLK COUNTY COUNCIL; SUFFOLK COUNTY COUNCIL; WEST NORTHAMPTONSHIRE COUNCIL; WEST SUSSEX COUNTY COUNCIL |
| Locality | WINCHESTER |
| Post town | Southampton |
| Postcode | SO23 8ZB |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ36 Central Hampshire |
| Local authority | Winchester |
| Electoral ward | St Michael |
| Westminster constituency | Winchester |
| Delivery location | TLF24 West Northamptonshire, TLH12 Cambridgeshire CC, TLH14 Suffolk CC, TLH15 Norwich and East Norfolk, TLH16 North and West Norfolk, TLH3 Essex, TLJ22 East Sussex CC, TLJ27 West Sussex (South West), TLJ28 West Sussex (North East), TLJ3 Hampshire and Isle of Wight, TLJ4 Kent |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WAYSTONE MANAGEMENT (UK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

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

## Release History

- 12 Dec 2024 at 16:33 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/040158-2024
- 18 Mar 2024 at 09:46 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/008577-2024

## Notice URLs

- http://www.cambridgshire.gov.uk
- http://www.hants.gov.uk
- http://www.waystone.com
- https://in-tendhost.co.uk/hampshire/aspx/Home
- https://www.accesspool.org/
- https://www.eastsussex.gov.uk/
- https://www.essex.gov.uk/
- https://www.hertfordshire.gov.uk/home.aspx
- https://www.iow.gov.uk/
- https://www.kent.gov.uk/
- https://www.norfolk.gov.uk/
- https://www.suffolk.gov.uk/
- https://www.westnorthants.gov.uk/
- https://www.westsussex.gov.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-0449ad. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0449ad.json.