Fiduciary Management Services for UoB Pension & Assurance Scheme

Published date: 29 July 2024

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.

Closing: 27 August 2024, 4pm

Contract summary

Industry

Pension investment services - 66131100

Location of contract

Any region, South West

Value of contract

£13,500,000

Procurement reference

tender_375606/1370793

Published date

29 July 2024

Closing date

27 August 2024

Closing time

4pm

Contract start date

1 May 2025

Contract end date

1 May 2034

Contract type

Service contract

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Contract is suitable for VCSEs?

Description

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.

More information

Links

https://tenders.bris.ac.uk/
Contract Length

https://tenders.bris.ac.uk/
The procurement documents are available for unrestricted and full direct access, free of charge, at

Additional text

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.

About the buyer

Contact name

Lee Bryant

Address

Senate House
Bristol
BS1 5DS
England

Telephone

01174556044

Email

lee.bryant@bristol.ac.uk