Published date: 29 June 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 24 March 2017

Contract summary

Industry

  • Pension fund management services - 66141000

Location of contract

BS1 5DS

Value of contract

£8,000,000

Procurement reference

tender_135639/685218

Published date

29 June 2018

Closing date

24 March 2017

Contract start date

14 May 2018

Contract end date

13 May 2023

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?

No

Contract is suitable for VCSEs?

No

Description

The Trustees of the University of Bristol Pension and Assurance Scheme decided to appoint a provider
to manage the assets of the Scheme on a fiduciary basis.

The University of Bristol was instructed by the Trustees of the Scheme to run a tender process with the
intention of identifying and awarding a contract to the most economically advantageous tender. The
decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees.

The scheme has assets of approximately £300M. The appointed organisation will provide a full fiduciary
management service to the Trustees of the University of Bristol Pension and Assurance Scheme (UBPAS),
together with the necessary support in respect of the delivery of the administration 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

Previous notice about this procurement

Fiduciary Management Services for UoB Pension & Assurance Scheme

  • Opportunity
  • Published 22 March 2017

Award information

Awarded date

14 May 2018

Contract start date

14 May 2018

Contract end date

13 May 2023

Total value of contract

£10,000,000

This contract was awarded to 1 supplier.

Mercer Limted

Address

1 Tower Place West, London, EC3R 5BU

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

The contract value is based on tendered fee rates based on the estimated fund value and includes underlying Manager Fees and Fiduciary Management Fees for the initial period of 5 years.

About the buyer

Contact name

Martyn Dean

Address

4th Floor, Augustine's Courtyard, Orchard Lane
Bristol
BS1 5DS
England

Telephone

+44 1173940653

Email

martyn.dean@bristol.ac.uk