Transition Manager to Facilitate the In-Specie Transfer of Pension Fund Assets

Contract summary

Industry

• Pension fund management services - 66141000

Location of contract

West Midlands

Value of contract

£119,000

Procurement reference

IA3422

Published date

5 March 2025

Closing date

25 January 2025

Closing time

12pm

Contract start date

10 March 2025

Contract end date

28 March 2025

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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Description

The following services are to be delivered for the transition:
1. Provision of transition management services for a sustainable global equities portfolio including project management, cost effective trade execution and efficient risk management;
2. Provision of cost-effective foreign exchange management during the transition of non-GBP assets, including forex hedging and netting where possible/applicable;
3. Provision of assistance in minimising the effects of performance drag from holding cash (for the purposes of managing expenses, cash flows and collateral) during transition through the prudent management of cash;
4. Provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the delivery of trading activity in global equities;
5. Provision of detailed, transparent transition cost information Attendance at meetings, albeit virtually, as required by the Customer

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Award information

Awarded date

5 March 2025

Contract start date

10 March 2028

Contract end date

28 March 2028

Total value of contract

£119,000

This contract was awarded to 1 supplier.

Macquarie Capital

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About the buyer

Contact name

Laura Kendall

Address

Tipping Street
STAFFORD
ST162DH
England

Telephone

01785854657

Email

laura.kendall@staffordshire.gov.uk