--- title: "Provision of Fiduciary Management services to Aberystwyth University Pension Scheme" ocid: "ocds-kuma6s-137239" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-137239" markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-137239.md" json_url: "https://d3tenders.com/contract/ocds-kuma6s-137239.json" source: "Sell2Wales" 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-kuma6s-137239 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-137239) [Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-137239.json) ## Summary Aberystwyth University has completed the procurement for the "Provision of Fiduciary Management services to Aberystwyth University Pension Scheme," with the contract awarded to SCHRODERS PLC. The procurement falls under the services category, specifically within the education and financial services industry, classified under CPV codes 66141000, 66520000, and 66523000. The contract's main objective is to provide fiduciary management services and investment consultancy for the Defined Benefit section of the university's pension plan, assisting the Trustee in setting strategic investment objectives and considering de-risking strategies. The procurement method used was an open procedure, and the total contract value is GBP 1,500,000. The contract was signed on 11 April 2024, following the tender submission deadline of 31 January 2024. This tender presents significant business growth opportunities, particularly for firms specialising in fiduciary management and investment consultancy within the higher education sector. Companies with expertise in strategic investment and de-risking plans for pension funds are well-suited to compete in similar future tenders. The document indicates that the contract was awarded through an open procurement procedure, ensuring transparency and the opportunity for various businesses to bid. Furthermore, larger firms, as indicated by the award to SCHRODERS PLC, may find such tenders an excellent avenue to expand their portfolio within the educational sector, gaining significant contracts that require advanced financial management services. ## 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 | Sell2Wales | | Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137239 | | Notice type | OJEU - F3 - Contract Award 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 | 11 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 | Complete | | Awards status | Not specified | | 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 | Aberystwyth Morfa a Glais | | 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137239 - 13 Dec 2023 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137239 ## Documents - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=DEC460285 Provision of Fiduciary Management services to Aberystwyth University Pension Scheme - 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. - https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=OCT493614 Provision of Fiduciary Management services to Aberystwyth University Pension Scheme - 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. ## Notice URLs - http://www.aber.ac.uk/ - https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-137239 - https://etenderwales.bravosolution.co.uk/ - https://www.aber.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-kuma6s-137239. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-137239.json.