---
title: "Fiduciary Management Services for Pension & Assurance Scheme"
ocid: "ocds-h6vhtk-04858a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04858a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04858a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04858a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF BRISTOL"
published: "2025-07-11"
---

# Fiduciary Management Services for Pension & Assurance Scheme

Buyer: UNIVERSITY OF BRISTOL  
Current stage: Award  
OCID: ocds-h6vhtk-04858a

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## Summary

The University of Bristol has successfully completed the procurement process for Fiduciary Management Services for its Pension and Assurance Scheme, with the contract formally awarded on 11th July 2025. This procurement, classified under the services category of pension investment services, was handled through a selective competitive procedure with negotiation under legal basis 32014L0024. The awarded contract, valued at £13,500,000, will be delivered in the UK by VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD, with the contract term beginning on 27th August 2024 and spanning an initial period of five years, extendable for up to an additional four years in two-year increments. The procurement process caters to the educational sector and was governed by public law, with substantial assets management responsibilities involving £240 million of Scheme assets.

This tender offers significant opportunities for businesses specialising in comprehensive fiduciary management services, particularly those adept in managing large-scale pension and assurance schemes. Companies with expertise in strategic asset allocation, hedging, and managing liquidity would find this contract well-aligned with their capabilities. The requirement to provide tailored investment consultancy advice and the potential for iterative contract extensions indicate long-term engagement prospects for the successful provider. Opportunities exist for businesses that are well-versed in competitive tendering processes and those capable of leveraging electronic submission methods, suitable for large, public-funded educational institutions requiring rigorous fiduciary oversight and strategic, adaptable management practices. This process provides valuable growth potential for service providers in the pension investment sector wishing to establish a robust presence in the UK's educational public procurement landscape.

## 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.

### Lot Information

Lot 1

The objective of this Procurement is for the University of Bristol Pension and Assurance Scheme ("the Pension Scheme") to contract with a Fiduciary Management provider ("FM Provider) for fiduciary management services which will include provision of the necessary investment consultancy advice to allow the Trustees to set the strategic investment objectives for the Pension Scheme. The FM Provider will be responsible for reviewing and refining the de-risking plan in full discussion with the Trustee and the Pension Scheme's actuary, and University, as well as investing the assets. The appointed FM Provider will be required to take instructions from the Trustee as well as other persons notified to the FM Provider by the Trustee from time to time.

Renewal: 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 | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/039155-2025 |
| 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 | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Jul 2025 |
| Submission deadline | 27 Aug 2024 |
| Future notice date | Not specified |
| Award date | 26 Aug 2024 |
| Contract period | Not specified |
| Recurrence | During the optional extension periods |

## Values

| Field | Value |
| --- | --- |
| Tender value | £13,500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £13,500,000 |

## Status

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

## 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66500000 - Insurance and pension services
- 66520000 - Pension services

## Release History

- 11 Jul 2025 at 09:22 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/039155-2025
- 29 Jul 2024 at 13:35 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/023614-2024

## Notice URLs

- http://www.bristol.ac.uk
- https://tenders.bris.ac.uk
- https://tenders.bris.ac.uk/

## Provenance

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