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Provision of Investment Services for the Official Solicitor

Ministry of Justice

Buyer Contact Info

Buyer Name: Ministry of Justice

Buyer Address: 5 Wellington Place, Leeds, LS1 4AP, England

Contact Email: CommercialFinancialServices@justice.gov.uk

Status
complete
Procedure
open
Value
1542522.0 GBP
Published
06 Aug 2025, 09:13
Deadline
24 Feb 2025, 12:00
Contract Start
03 Oct 2025, 23:00
Contract End
03 Oct 2030, 22:59
Category
services
CPV
66100000 - Banking and investment services
Region
n/a
Awarded To
Charles Stanley & Co. Ltd
Official Source
Open Contracts Finder

Description

This notice relates to the award of a contract for the Provision of Investment Services for the Official Solicitor. The Official Solicitor acts as the administrator of estates and trustee of trusts of last resort, and holds real and personal property such as land, cash, and securities (e.g., stocks and shares). An estate is where the Official Solicitor has been appointed as executor of a deceased person's will or as administrator of an estate of a person who has died without a will. An executor/administrator collects all the deceased's 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. Where the Official Solicitor 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 Official Solicitor as Trustees to obtain professional investment advice when managing the assets.

Linked Documents

No linked documents found for this notice.

Opportunity Context

Raw Notice JSON

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