Fiduciary Management Services for Pension & Assurance Scheme

{
  "awards": [
    {
      "id": "039155-2025-Fin-2306-011-PC_2695-1",
      "relatedLots": [
        "1"
      ],
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-154074",
          "name": "VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD"
        }
      ],
      "title": "Fiduciary Management Services for Pension \u0026 Assurance Scheme"
    }
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "measure": "bids",
        "relatedLot": "1",
        "value": 4
      },
      {
        "id": "2",
        "measure": "electronicBids",
        "relatedLot": "1",
        "value": 4
      }
    ]
  },
  "buyer": {
    "id": "GB-FTS-1015",
    "name": "University of Bristol"
  },
  "contracts": [
    {
      "awardID": "039155-2025-Fin-2306-011-PC_2695-1",
      "dateSigned": "2024-08-27T00:00:00+01:00",
      "id": "039155-2025-Fin-2306-011-PC_2695-1",
      "status": "active",
      "title": "Fiduciary Management Services for Pension \u0026 Assurance Scheme",
      "value": {
        "amount": 13500000.0,
        "currency": "GBP"
      }
    }
  ],
  "date": "2025-07-11T10:22:01+01:00",
  "description": "Initial contract is 5 years with option to extend for a further 4 years in 2 year increments (5+2+2). 108 months if full term. \nContract will be retendered prior to expiry date as service will continue to be required.",
  "id": "039155-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-04858a",
  "parties": [
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "Bristol",
        "postalCode": "BS1 5DS",
        "region": "UK",
        "streetAddress": "4th Floor, Augustine\u0027s Courtyard, Orchard Lane"
      },
      "contactPoint": {
        "email": "QQ23366@bristol.ac.uk",
        "telephone": "+44 01179289000"
      },
      "details": {
        "classifications": [
          {
            "description": "Body governed by public law",
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE"
          },
          {
            "description": "Education",
            "id": "09",
            "scheme": "COFOG"
          }
        ],
        "url": "http://www.bristol.ac.uk"
      },
      "id": "GB-FTS-1015",
      "identifier": {
        "legalName": "University of Bristol"
      },
      "name": "University of Bristol",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "region": "UK",
        "streetAddress": "20 Gracechurch Street, London, United Kingdom, EC3V 0BG"
      },
      "details": {
        "scale": "large"
      },
      "id": "GB-FTS-154074",
      "identifier": {
        "legalName": "VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD"
      },
      "name": "VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD",
      "roles": [
        "supplier"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London"
      },
      "id": "GB-FTS-92",
      "identifier": {
        "legalName": "Royal Courts of Justice"
      },
      "name": "Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "classification": {
      "description": "Pension investment services",
      "id": "66131100",
      "scheme": "CPV"
    },
    "coveredBy": [
      "GPA"
    ],
    "description": "The Trustee of the University of Bristol Pension and Assurance Scheme has decided to review the provider who manages the assets of the Scheme on a fiduciary basis. The scheme has assets of approximately 240 000 000 GBP. The appointed organisation will provide a full fiduciary management service to the Trustee of the University of Bristol Pension and Assurance Scheme (UBPAS), together with the necessary support in respect of the delivery of the investments, and operational aspects of investments, of the scheme.\nThe appointed organisation will decide on, oversee, execute or advise on the some or all of the following:\n\u2022 Strategic Asset Allocation,\n\u2022 Tactical Asset Allocation,\n\u2022 Hedging Strategy Implementation,\n\u2022 Manager selection,\n\u2022 Asset class selection,\n\u2022 Portfolio Construction,\n\u2022 Managing scheme liquidity,\n\u2022 Fund reporting,\n\u2022 Trustee Education,\n\u2022 Portfolio Implementation,\n\u2022 Strategic Objectives,\n\u2022 Risk Budget,\n\u2022 Constraints,\n\u2022 Hedging Strategy Design.",
    "id": "Fin-2306-011-PC_2695",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Pension fund management services",
            "id": "66141000",
            "scheme": "CPV"
          },
          {
            "description": "Insurance and pension services",
            "id": "66500000",
            "scheme": "CPV"
          },
          {
            "description": "Pension services",
            "id": "66520000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        },
        "description": "The objective of this Procurement is for the University of Bristol Pension and Assurance Scheme (\"the Pension Scheme\") to contract with a Fiduciary Management provider (\"FM Provider) for fiduciary management services which will include provision of the necessary investment consultancy advice to allow the Trustees to set the strategic investment objectives for the Pension Scheme. The FM Provider will be responsible for reviewing and refining the de-risking plan in full discussion with the Trustee and the Pension Scheme\u0027s actuary, and University, as well as investing the assets. The appointed FM Provider will be required to take instructions from the Trustee as well as other persons notified to the FM Provider by the Trustee from time to time.",
        "hasOptions": false,
        "id": "1",
        "status": "cancelled"
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "selective",
    "procurementMethodDetails": "Competitive procedure with negotiation",
    "status": "complete",
    "title": "Fiduciary Management Services for Pension \u0026 Assurance Scheme"
  }
}