Awarded contract

Fund Accounting Software

Details

Supplier(s)
FIS Capital Markets UK Limited
Value
£2,345,000
Duration
3 years
Topic
Accounting software package
Published
28 October 2026

Tender description

Contract for the provision of a Fund Accounting Software solution for the City of Wolverhampton Council as Administering Authority of the West Midlands Pensions Fund. The primary objective of the procurement was to appoint a supplier capable of delivering a robust, integrated fund accounting system that supports all asset classes and enables WMPF to operate effectively within a changing regulatory and investment environment. The solution aims to improve transparency, enhance automation, strengthen auditability, and reduce operational and financial risk. It also aims to provide accurate, timely, and consistent financial information to support effective governance, oversight, and decision-making. A further objective is to ensure that WMPF's fund accounting arrangements remain fit for purpose in light of the Government's "LGPS: Fit for the Future" reforms, expected to take effect from April 2026. The contract includes for the supply and installation of such a solution, delivered by a single supplier, and with ongoing support and maintenance. ## Contract award Title: Fund Accounting Software

Timeline

  1. Completed: Award date22 October 2026
  2. Completed: Award published28 October 2026
    Current notice
  3. Next: Contract expiry date8 November 2029in 3 years

About the buyer

Wolverhampton City Council is a local authority that runs its own corporate procurement function covering goods and services for the city. Many requirements are sourced through existing frameworks, where suppliers have already pre-competed, rather than run as fresh competitions.

Projects due for retender within the next three years appear in a rolling procurement pipeline.

Over the past 5 years, most of Wolverhampton City Council's contract awards have been in architectural and engineering services, construction work and health and social work.

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