Awarded contract

Provision of Global Custody Services

Details

Supplier(s)
Northern Trust
Value
£2,400,000
Topic
Custody services
Published
12 May 2026

Tender description

Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services. Lot 1: Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services. Edinburgh City Council conducted a collaborative mini‑competition CT1455, which included participation from Fife Council, and Falkirk Council. This award is being made in accordance with the outcome of that mini‑competition and is fully compliant with the terms and conditions of the LGPS Framework Agreement NCCT42038 – Global Custody Services Framework.

Timeline

  1. Completed: Award date30 April 2026
  2. Completed: Award published12 May 2026
    Current notice

About the buyer

Falkirk Council is a local authority covering the Falkirk area of Scotland. Lower-value, non-regulated procurements are requested as quotations through PCS's Quick Quotes function. The Corporate Procurement Unit runs free online clinics offering guidance to SMEs, local suppliers and Third Sector organisations.

Falkirk Council also takes an active role in the Supplier Development Programme, the national scheme that helps Scottish businesses engage with public procurement.

Over the past 5 years, most of Falkirk Council's contract awards have been in construction work, repair and maintenance and construction materials.

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