---
title: "Asset investment management service"
ocid: "ocds-h6vhtk-05d836"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05d836"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05d836.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05d836.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CARDIFF AND VALE UNIVERSITY HEALTH BOARD"
published: "2026-06-17"
---

# Asset investment management service

Buyer: CARDIFF AND VALE UNIVERSITY HEALTH BOARD  
Current stage: Award  
OCID: ocds-h6vhtk-05d836

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## Summary

Cardiff and Vale University Health Board, one of the largest healthcare organisations in Wales, recently awarded a contract for Asset Investment Management Services, focusing on managing over 300 charitable funds aimed at enhancing patient and staff experience beyond traditional NHS funding. This procurement process reached its award stage on 17th June 2026, with the contract actively commencing from 15th June 2026 to 14th June 2029, with a potential renewal extending up to 2031. The tender was conducted through an open procurement method categorised under investment management services and was awarded to Rathbones Investment Management, highlighting locations around Cardiff and the UK as service delivery points.

This contract poses substantial opportunities for growth, especially for investment management firms capable of aligning with ethical investment strategies and medium risk tolerance profiles. The service requires firms to deliver both capital growth and income, essential for supporting the Health Board's charitable objectives. Companies with expertise in managing charity portfolios and conforming to financial compliance and ethical guidelines are well-suited to compete in similar tenders. The open competition procurement method provides a platform for diverse businesses, ranging from large firms to SMEs, to bid, fostering a competitive environment that may drive innovation and effective financial management solutions tailored to the charity sector.

## Notice

Cardiff and Vale University Health Board is one of the largest and most complex healthcare organisations in Wales, serving a population of approximately 500,000 people living in Cardiff and the Vale of Glamorgan. As part of NHS Wales, the Health Board provides a full range of local and specialist health services, including primary care, community services, hospital-based acute care, and highly specialised tertiary services. The Charity exists to enhance the experience and well-being of patients, staff, and visitors by funding projects and initiatives that go beyond the scope of NHS funding. The Health Charity manages over 300 individual funds supporting equipment, research, treatment, and patient care, enabling donations to be directed to specific areas and projects that reflect donors' wishes. This structure ensures that charitable contributions are used effectively to support work and services that are over and above what core NHS funding provides. This includes investment in medical equipment, staff training and development, research, patient comforts, and the improvement of hospital and healthcare environments. Cardiff & Vale University Health Board Charity is seeking to partner with a contractor to provide Investment Management Services. The charity will utilise professional investment managers to support the active implementation of its investment policy. The Charity's assets are held in financial investments (shares, equity instruments, and cash), in line with ethical restrictions and the risk profile of the Charity. The Charity's current portfolio risk is appropriate for our medium risk tolerance approach. This risk is consistent with holdings of between 45 - 65% equities. The Charity's objective is balanced, aiming to generate both capital growth and income. It is the responsibility of the appointed investment manager to ensure that the portfolio is invested and maintained in accordance with the requirements set out in the Charity's Investment Policy Statement. The Charity's financial assets should be managed to yield the strongest possible financial return within the level of risk considered to be acceptable. The return will be utilised to support the Charity's aims and objectives. In terms of the current portfolio, the Charity's investment portfolio had a market value of PS5.452 million as of 30th September 2025 and the portfolio is broken down over various sectors. The appointed provider will be required to manage the Charity's funds in full compliance with the Charity Commission's guidance and legal obligations applicable to NHS Charities. Current restrictions and requirements related to ethical and sector-based exclusions are outlined in the Charity's approved Investment Strategy.

### Planning Information

Preliminary market scanning identified several FCA-regulated firms with established NHS charity portfolios. Feedback indicates strong competition in this market segment and increasing emphasis on ESG integration and digital reporting capabilities.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/057259-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Below threshold - open competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Jun 2026 |
| Submission deadline | 12 Dec 2025 |
| Future notice date | 3 Nov 2025 |
| Award date | 19 May 2026 |
| Contract period | 14 Jun 2026 - 14 Jun 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £141,900 |
| Lots value | £141,900 |
| Awards value | £253,518 |
| Contracts value | £140,895 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CARDIFF AND VALE UNIVERSITY HEALTH BOARD |
| Additional buyers | NHS WALES SHARED SERVICES PARTNERSHIP; NHS WALES SHARED SERVICES PARTNERSHIP-PROCUREMENT SERVICES (HOSTED BY VELINDRE UNIVERSITY NHS TRUST) |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF15 7QZ |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Heath |
| Westminster constituency | Cardiff North |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RATHBONES INVESTMENT MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66120000 - Investment banking services and related services
- 66140000 - Portfolio management services

## Release History

- 17 Jun 2026 at 14:40 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/057259-2026
- 21 May 2026 at 09:06 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/046823-2026
- 6 Nov 2025 at 16:55 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/071797-2025
- 31 Oct 2025 at 15:07 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/070159-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/057259-2026
  17th June 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/046823-2026
  21st May 2026 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/071797-2025
  6th November 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/070159-2025
  31st October 2025 - Preliminary market engagement notice on Find a Tender
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=351009
  Invitation to tender, bidder response forms are attached to ITT
- https://www.sell2wales.gov.wales/Assets/NoticeBuilder_FileDownload.aspx?id=351010
  Specification of requirements

## Notice URLs

- https://cavuhb.nhs.wales/
- https://nwssp.nhs.wales/
- https://www.find-tender.service.gov.uk/Search
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-05d836. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05d836.json.