Provision of Investment Services for the Public Trustee

{
  "awards": [
    {
      "id": "044055-2025-Con_24995-1",
      "relatedLots": [
        "1"
      ],
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-156043",
          "name": "Charles Stanley \u0026 Co. Ltd"
        }
      ],
      "title": "Provision of Investment Services for the Public Trustee"
    }
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "measure": "bids",
        "relatedLot": "1",
        "value": 3
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  "buyer": {
    "id": "GB-FTS-6365",
    "name": "Ministry of Justice"
  },
  "contracts": [
    {
      "awardID": "044055-2025-Con_24995-1",
      "dateSigned": "2025-06-30T00:00:00+01:00",
      "id": "044055-2025-Con_24995-1",
      "status": "active",
      "title": "Provision of Investment Services for the Public Trustee",
      "value": {
        "amount": 50465.0,
        "currency": "GBP"
      }
    }
  ],
  "date": "2025-07-29T21:16:20+01:00",
  "id": "044055-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-04d5bf",
  "parties": [
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "SW1H 9AJ",
        "region": "UK",
        "streetAddress": "102 Petty France"
      },
      "contactPoint": {
        "email": "CommercialFinancialServices@justice.gov.uk",
        "telephone": "+44 02033343555"
      },
      "details": {
        "classifications": [
          {
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions",
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE"
          },
          {
            "description": "Economic affairs",
            "id": "04",
            "scheme": "COFOG"
          }
        ],
        "url": "https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html"
      },
      "id": "GB-FTS-6365",
      "identifier": {
        "legalName": "Ministry of Justice"
      },
      "name": "Ministry of Justice",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2Y 9LY",
        "region": "UK",
        "streetAddress": "Ropemaker Place, 25 Ropemaker Street"
      },
      "contactPoint": {
        "email": "CommercialFinancialServices@justice.gov.uk"
      },
      "details": {
        "scale": "large"
      },
      "id": "GB-FTS-156043",
      "identifier": {
        "legalName": "Charles Stanley \u0026 Co. Ltd"
      },
      "name": "Charles Stanley \u0026 Co. Ltd",
      "roles": [
        "supplier"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London"
      },
      "id": "GB-FTS-3615",
      "identifier": {
        "legalName": "Ministry of Justice"
      },
      "name": "Ministry of Justice",
      "roles": [
        "reviewBody"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "classification": {
      "description": "Banking and investment services",
      "id": "66100000",
      "scheme": "CPV"
    },
    "description": "This contract is for the provision of Investment Services to the Public Trustee. The Public Trustee acts as executor or administrator of estates and as the appointed trustee of settlements. In addition, the Public Trustee is the legal holder of land under Part IV of the First Schedule to the Law of Property Act 1925 and Part V of the First Schedule to the Law of Property Act 1925.  The Public Trustee holds real and personal property such as stocks and shares (\u201csecurities\u201d), cash and land. \nAn estate is where the Public Trustee has been appointed as executor of a deceased person\u2019s will or as administrator of an estate of a person who has died without a will.  An executor/administrator collects all the deceased\u2019s assets and pays all of the debts before distributing what remains to the beneficiaries named in the will or, if there is no will, who is entitled by law to this.\n\n        \nWhere the Public Trustee has been appointed to act as a trustee, she has a duty to invest the capital held to produce income to use or pay for the benefit of the beneficiaries of the trust. It is a legal responsibility of the Public Trustee as Trustees to obtain professional investment advice when managing the assets.",
    "id": "ocds-h6vhtk-04d5bf",
    "items": [
      {
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "25%",
              "name": "Investment Models\u0026 Strategies",
              "type": "quality"
            },
            {
              "description": "5%",
              "name": "Investment Reporting",
              "type": "quality"
            },
            {
              "description": "10%",
              "name": "Stewardship Accounts",
              "type": "quality"
            },
            {
              "description": "6%",
              "name": "Contract Management",
              "type": "quality"
            },
            {
              "description": "5%",
              "name": "Systems",
              "type": "quality"
            },
            {
              "description": "12%",
              "name": "Transition/Mobilisation Plan",
              "type": "quality"
            },
            {
              "description": "7%",
              "name": "Trustees\u0026 Executors",
              "type": "quality"
            },
            {
              "description": "10%",
              "name": "MAC 7.1",
              "type": "quality"
            },
            {
              "description": "20%",
              "type": "price"
            }
          ]
        },
        "description": "Scope of Work\nThe procurement concerns the provision of discretionary investment management services to the Public Trustee. Under this arrangement, the appointed investment manager will make investment decisions on behalf of the Public Trustee, in accordance with policy documents provided during the account setup process. All referred funds must be accepted, regardless of value.\nThe Supplier must:\nBe authorised under the Financial Services and Markets Act 2000 and experienced in working with trustees, executors, and administrators.\nProvide services equivalent to those offered to professional trustees, including both discretionary and advisory investment management.\nDeliver at least two valuations per year per trust, with additional reports on request.\nProduce annual investment reports detailing transactions, holdings, valuations, and performance, with supporting evidence for each transaction.\nMaintain nominee arrangements and custody of investments.\nManage dividends and facilitate beneficiary payments as instructed.\nProvide HMRC-compliant valuations and annual tax reports (CGT and income) as of 5th April.",
        "hasOptions": false,
        "id": "1",
        "status": "cancelled"
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "status": "complete",
    "title": "Provision of Investment Services for the Public Trustee"
  }
}