---
title: "Provision of Global Custody Services"
ocid: "ocds-r6ebe6-0000831717"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000831717"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000831717.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000831717.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "FALKIRK COUNCIL"
published: "2026-05-12"
---

# Provision of Global Custody Services

Buyer: FALKIRK COUNCIL  
Current stage: Award  
OCID: ocds-r6ebe6-0000831717

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000831717.json)

## Summary

Falkirk Council, acting as the buying organisation, has completed the award stage for the contract titled "Provision of Global Custody Services." This procurement is categorised under general public services and is located in the UKM76 region. The award was finalised on 30th April 2026, with key dates outlining a contract starting immediately and running until 28th February 2031, with the option for extensions of up to three additional years. This procurement was executed following a limited method without prior publication, being part of a mini-competition managed collaboratively with Edinburgh City Council and Fife Council, further aligning with the National LGPS Framework Agreement NCCT42038 under the services industry.

This tender presents significant growth opportunities for businesses specialising in global custody services. Large-scale providers with the capacity to manage pensions and investment custody effectively would find it particularly rewarding. The contract's substantial value of £2.4 million and its long-term nature—potentially covering nearly a decade with extensions—offers a stable revenue stream. Companies like Northern Trust that have already secured the contract through competitive bidding demonstrated an edge in services meeting public sector requirements, signifying that similar scaled firms could find such tender opportunities lucrative in expanding or sustaining their financial management services portfolio.

## Notice

Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services.

### Lot Information

Lot 1

Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services. Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from Fife Council, and Falkirk Council. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the LGPS Framework Agreement NCCT42038 - Global Custody Services Framework.

### Procurement Information

Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from Fife Council, and Falkirk Council. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the National LGPS Framework Agreement NCCT42038 - Global Custody Services Framework.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY555673 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 May 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 30 Apr 2026 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £2,400,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FALKIRK COUNCIL |
| Locality | LARBERT |
| Post town | Falkirk and Stirling |
| Postcode | FK5 4RU |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM12 Falkirk |
| Local authority | Falkirk |
| Electoral ward | Bonnybridge and Larbert |
| Westminster constituency | Alloa and Grangemouth |
| Delivery location | TLM76 Falkirk |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NORTHERN TRUST |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66162000 - Custody services

## Release History

- 12 May 2026 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY555673

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY555673
  Provision of Global Custody Services - Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services.

## Notice URLs

- http://
- http://www.falkirk.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000831717

## 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-r6ebe6-0000831717. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000831717.json.