---
title: "PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS"
ocid: "ocds-r6ebe6-0000748823"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000748823"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000748823.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000748823.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH COURTS AND TRIBUNALS SERVICE"
published: "2024-01-08"
---

# PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS

Buyer: SCOTTISH COURTS AND TRIBUNALS SERVICE  
Current stage: Award  
OCID: ocds-r6ebe6-0000748823

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## Summary

The Scottish Courts and Tribunals Service has completed the procurement process for the provision of an Investment Management Company for the management of funds for minors in the UK. The title of the tender is "PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 – INVESTMENTS". The procurement falls under the services category and was carried out through an open procedure. The location of the buying organisation is Saughton House, Broomhouse Drive, Edinburgh. Key details include a contract value of £250,000 GBP and the award date of January 8, 2024.

This tender presents an opportunity for businesses in the investment management sector or financial services industry to provide services for managing funds for minors. Companies with experience in handling investments for children under the age of 16, including inheritances, damages, and insurance-related funds, would be well-suited to compete. The procurement stage has advanced to the award phase, indicating a potential for growth for the winning supplier, Evelyn Partners, in managing and growing these funds while complying with legal and regulatory frameworks.

## Notice

The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

### Lot Information

Lot 1

The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

Renewal: The contract shall be for a period of 24 months with a SCTS only option to extend for up to a further 12 months followed by two subsequent 12 month extensions.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN495954 |
| Notice type | PCS Notice - Website 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 | 8 Jan 2024 |
| Submission deadline | 28 Nov 2023 |
| Future notice date | Not specified |
| Award date | 8 Jan 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £250,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH COURTS AND TRIBUNALS SERVICE |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH11 3XD |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | Sighthill/Gorgie |
| Westminster constituency | Edinburgh South West |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EVELYN PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services
- 66140000 - Portfolio management services

## Release History

- 8 Jan 2024 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN495954
- 30 Oct 2023 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491533

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT491533
  PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS - The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN495954
  PROVISION OF AN INVESTMENT MANAGEMENT COMPANY FOR CHILDREN (SCOTLAND) ACT 1995 - INVESTMENTS - The Scottish Courts and Tribunals Service (SCTS) requires the services of an Investment Management Company for the management and oversight of funds belonging to minors (children) under the age of 16, which generally originate from various sources, including inheritances, damages, or insurance policies related to children. The Investment Management Company will be expected to handle and grow these funds while adhering to legal and regulatory frameworks.

## Notice URLs

- http://
- http://www.scotcourtstribunals.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000748823
- https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html

## 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-r6ebe6-0000748823. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000748823.json.