Expired contract

Custodian Services

Details

Supplier(s)
Northern Trust
Value
£204,000
Duration
3 years
Topic
Financial and insurance services
Published
28 November 2022

Tender description

Custodian Service for the LBN Pension Fund

Timeline

  1. Completed: Award date19 September 2022
  2. Completed: Award published28 November 2022
    Current notice
  3. Completed: Contract expiry date18 September 2025

About the buyer

London Borough of Newham is a London local authority that runs its own dedicated procurement team. Framework and dynamic purchasing system orders with a future expiry run through the council's Oracle Fusion platform. New opportunities outside those existing routes have been advertised on the council's Delta eSourcing system since June 2025. Larger contracts above national thresholds also appear on Find a Tender, with Contracts Finder covering lower-value work. Construction and related trade suppliers register through Constructionline rather than a council-held approved list. The Procurement Act 2023 has governed new purchases at the council since it came into force in February 2025.

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 London Borough of Newham's contract awards have been in construction work, health and social work and software and information systems.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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Decision makers

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Contact nameJob titlePhone numberWork email
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Procurement Manager+44 •••• ••••••
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Contracts Manager+44 •••• ••••••

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