Published date: 22 July 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.
Contract summary
Industry
Trust services - 66161000
Location of contract
BS8 1QU
Value of contract
£420,000
Procurement reference
tender_268519/977824
Published date
22 July 2021
Closing date
23 August 2021
Closing time
12pm
Contract start date
1 March 2022
Contract end date
28 February 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?
Yes
Contract is suitable for VCSEs?
No
Description
The University's is seeking to appoint a Sole Corporate Trustee Provider who adds value to the governance of the Scheme and its objectives, in the interests of both the Scheme's members and the University, as principal employer.
The Sole Corporate Trustee Provider must protect members' interests, safeguard and strategically manage the investment of Scheme assets (with the Fiduciary Manager), monitor, manage, mitigate or eliminate risks and ensure the short, medium and longer-term funding needs of the Scheme are met. Beyond this, the Sole Corporate Trustee Provider will take the initiative and develop and implement a strategy that seeks to deliver the Scheme's long-term funding objective within or before expiry of the stated timeframe. In so doing it will remain flexible and adaptable and will seek to identify innovative solutions to drive efficiency to meet the objective more cost effectively or ahead of time or to further mitigate or eliminate any risk to the Scheme, its members and the university. Throughout its tenure, the Sole Corporate Trustee Provider must ensure that the Scheme remains fully compliant with the legal and regulatory environment and the Scheme's constitution and that it maintains an effective system of governance. At all times the Sole Corporate Trustee Provider will be mindful of the need to provide a cost effective, proportionate, transparent and high-quality service to the Scheme and the University, as principal employer.
The Sole Corporate Trustee Provider will be expected to operate as Sole Corporate Trustee in line with the values which have historically applied to UBPAS trusteeship, these being;
I. to treat member interests and fairness as a very high priority; and
II. to gain an in depth understanding of the covenant, the UoB business model and thereby interact effectively with the University finance function.
The initial contract period will be for 6 years which may be extended to a maximum total period of 12 years.
About the buyer
Contact name
Martyn Dean
Address
4th Floor, Augustine's Courtyard, Orchard Lane
Bristol
BS1 5DS
England
Telephone
+441173940653
Website
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Closing: 23 August 2021, 12pm
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