Custody and Investment Operations Outsourcing Services
Details
- Value
- £53,000,000
- Duration
- 10 years
- Topic
- Custody services
- Published
- 15 December 2021
- Source
- uk:contracts_finder
Tender description
Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also appoint a second/reserve Custodian to manage some of the PPF's assets, the exact amount is to be confirmed. Total contract length stated is based on the maximum possible contract term of 10 years. The initial contract term for Custody is 5 years and IOO 3 years. The minimum contract value and maximum contract values are based on the initial contract term and maximum contract term to be spread across the primary and reserve/secondary custodian, exact split is unknown at this stage.
Timeline
- Completed: Award published15 December 2021Current notice
- Completed: Award date1 September 2022
- Next: Contract expiry date31 August 2032in 6 years
About the buyer
The Pension Protection Fund protects members of defined benefit pension schemes across the UK, and buys as a central organisation. Public sector framework agreements are used where appropriate for goods and services. Contracts follow standard terms made up of an order form and core terms, with addendums covering information security, modern slavery and data protection. Nine specialist panels and frameworks support its assessment work, from legal to audit and actuarial services.
Over the past 5 years, most of the Pension Protection Fund's contract awards have been in IT services, business services and software and information systems.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@pension-protection-fund.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@pension-protection-fund.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@pension-protection-fund.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@pension-protection-fund.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@pension-protection-fund.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@pension-protection-fund.gov |
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