Awarded contract

Transition Manager to Facilitate the In-Specie Transfer of Pension Fund Assets

Details

Supplier(s)
Macquarie Capital
Value
£119,000
Topic
Pension fund management services
Published
5 March 2025

Tender description

The following services are to be delivered for the transition: 1. Provision of transition management services for a sustainable global equities portfolio including project management, cost effective trade execution and efficient risk management; 2. Provision of cost-effective foreign exchange management during the transition of non-GBP assets, including forex hedging and netting where possible/applicable; 3. Provision of assistance in minimising the effects of performance drag from holding cash (for the purposes of managing expenses, cash flows and collateral) during transition through the prudent management of cash; 4. Provision of assistance in the management of cost-effective, high quality execution of transition-related trades through the delivery of trading activity in global equities; 5. Provision of detailed, transparent transition cost information Attendance at meetings, albeit virtually, as required by the Customer

Timeline

  1. Completed: Award published5 March 2025
    Current notice
  2. Next: Award date10 March 2028in 17 months
  3. Upcoming: Contract expiry date28 March 2028

About the buyer

Staffordshire County Council buys as a local authority, with a Commercial Team managing procurement on its behalf. Suppliers register on Proactis, the council's electronic tendering system, to view opportunities and submit bids. Larger opportunities are also advertised on Find a Tender, the government's procurement portal. Contracts below the advertised threshold are handled directly by individual council directorates rather than the Commercial Team. Existing framework agreements, dynamic purchasing systems and collaborative partner arrangements are used ahead of new competitions where possible. Contract award notices and procurement reports are published for transparency.

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 Staffordshire County Council's contract awards have been in business services, waste, cleaning and environmental services and construction work.

Relevant CPV codes

  • 66141000 · Pension fund management services

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Decision makers

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