Pension services
Details
- Supplier(s)
- Northern Trust
- Value
- €1,500,000
- Duration
- 6 years
- Topic
- Pension services
- Published
- 10 April 2018
- Source
- TedNotices
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
- Completed: Award date9 April 2018
- Completed: Award published10 April 2018Current notice
- Completed: Contract expiry date8 March 2024
About the buyer
Lancashire County Council is a local authority that buys through directorates spread across the county. Suppliers register and bid through the Oracle Fusion Supplier Portal, introduced in January 2023 to replace iSupplier. Contracts at or near national thresholds are advertised on Find a Tender. An Open Framework under the Procurement Act 2023 covers repeat competitions on the same terms. 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.
UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).
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.
Relevant CPV codes
- 66520000 · Pension services
- 75320000 · Government employee pension schemes
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@lancashire-county-council.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@lancashire-county-council.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@lancashire-county-council.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@lancashire-county-council.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@lancashire-county-council.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@lancashire-county-council.gov |
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