Closed tender

Provision of Fiduciary Management services to Aberystwyth University Pension Scheme

Details

Value
£1,500,000
Topic
Pension investment services
Published
13 December 2023
Submission
31 January 2024

Tender description

To provide a FM service to Aberystwyth University Pension Scheme (“the Scheme”) together with the necessary investment consultancy advice for the Defined Benefit section of the Plan only to allow the Trustee to set the strategic investment objectives for the Fund and help consideration of the development of a de-risking plan. Lot 1: Fulfilling these roles will involve the appointed FM taking instructions from the Trustee Board as well as other persons notified to the FM from time to time. Whilst this is proceeding through the University's procurement process the appointment will be a decision for trustees and all obligations and duties of the FM manager are owed to the trustees. The trustees shall have to satisfy themselves that their legal obligations as trustees in relation to investment advice and management are being fulfilled. It shall be the Pension Scheme and not the University that is entering into the contractual obligations.

Timeline

  1. Completed: Tender published13 December 2023
    Current notice
  2. Completed: Submission date31 January 2024

About the buyer

Aberystwyth University buys as an education organisation through a central procurement office on its Penglais Campus in Aberystwyth. Many higher education sector agreements are negotiated by lead consortia, including the Higher Education Purchasing Consortium Wales. Staff can reach those contracts through the HEContracts repository of central agreements. Single tender actions for larger purchases go to the university's Executive for consideration.

Over the past 5 years, most of Aberystwyth University's contract awards have been in construction work, electrical equipment and lighting, and business services.

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