Expired contract

Pension services

Details

Supplier(s)
Northern Trust
Value
€1,500,000
Duration
6 years
Topic
Pension services
Published
10 April 2018

Tender description

LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at 7.2 billion GBP (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc. This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years. The total value of the contract is estimated to be within the range of 900 000 GBP to 2 100 000 GBP. Currently valued at 250 000 GBP per annum (1 500 000 GBP over 6 years). LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at 7.2 billion GBP (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc. This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years. The total value of the contract is estimated to be within the range of 900 000 GBP to 2 100 000 GBP. Currently valued at 250 000 GBP per annum.

Timeline

  1. Completed: Award date9 April 2018
  2. Completed: Award published10 April 2018
    Current notice
  3. Completed: Contract expiry date8 March 2024

About the buyer

Lancashire County Council is a local authority that buys through directorates spread across the county. A Dynamic Market lets new suppliers join an approved list for above-threshold tenders at any time. Category managers based in directorates such as care and public health lead individual competitions.

Over the past 5 years, most of Lancashire County Council's contract awards have been in health and social work, business services and software and information systems.

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