Published date: 25 October 2021

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: 26 November 2021, 12pm

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Corporate finance and venture capital services - 66122000

  • Pension investment services - 66131100

    • Pension fund management services - 66141000

    • Trust and custody services - 66160000

    • Custody services - 66162000

    • Financial consultancy services - 66171000

    • Foreign exchange services - 66180000

    • Insurance and pension services - 66500000

    • Pension services - 66520000

    • Pension fund consultancy services - 66523000

    • Pension fund administration services - 66523100

    • Financial management consultancy services - 79412000

Location of contract

SW1H 9NB

Value of contract

£80,000 to £1,100,000

Procurement reference

GSV2311

Published date

25 October 2021

Closing date

26 November 2021

Closing time

12pm

Contract start date

1 April 2022

Contract end date

31 March 2027

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Parliamentary Contributory Pension Fund ("the Fund") is a statutory public service pension scheme under the Parliamentary and Other Pensions Act 1972. The Trustees of the Fund are seeking to appoint a global custodian to provide custody services to the Fund.  The global custodian is to provide a global custody network (either directly or via a sub custodian arrangement) for safekeeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds.  Tenderers must be able to demonstrate the ability to work with UK Pension Fund arrangements and meet certain minimum financial stability criteria.

More information

Links

About the buyer

Contact name

Parliamentary Procurement & Commercial Service

Address

Westminster
London
London
SW1H 9NB
United Kingdom

Telephone

02072191600

Email

ppcs@parliament.uk