TenderlineUK
Procurement Intelligence
Official OCDS
Find a Tender
complete
Official procurement procedure

Custody and Investment Operations Outsourcing Services

Custody services
Financial market operational services
Financial transaction processing and clearing-house services
London (UKI62)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Pension Protection Fund: "Custody and Investment Operations Outsourcing Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityPension Protection FundScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Pension Protection Fund
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Pension Protection Fund. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
6.8Bids / Report
15.4% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 13 active published awards; 13 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityPension Protection Fund
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published15 Dec 2021, 22:45 GMT
Last source update15 Dec 2021, 22:45 GMT
Recurring procurementNot published
ClassificationCustody services, Financial market operational services, Financial transaction processing and clearing-house services
Delivery area
London (UKI62)
OCIDocds-h6vhtk-02b9bc
What is being bought
Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also appoint a second/reserve Custodian to manage some of the PPF’s assets, the exact amount is to be confirmed.
What changed
From the official release history
  1. tender value changed
    15 Dec 2021, 22:45 GMT
  2. Status changed to complete
    15 Dec 2021, 22:45 GMT
  3. Official notice release published
    15 Dec 2021, 22:45 GMT
  4. Submission deadline changed to published date
    15 Dec 2021, 22:45 GMT
  5. Published value updated to £53,000,000
    12 Jul 2021, 22:45 BST
  6. Status changed to active
    12 Jul 2021, 22:45 BST
  7. Official notice release published
    12 Jul 2021, 22:45 BST
  8. Submission deadline changed to 10 Aug 2021, 12:00 BST
    12 Jul 2021, 22:45 BST
  9. Status changed to planned
    8 Jun 2021, 22:45 BST
  10. Official notice release published
    8 Jun 2021, 22:45 BST
  11. Buyer information updated
    8 Jun 2021, 22:45 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also look to appoint a second/reserve Custodian to manage some of the PPF’s assets, the exact amount is to be confirmed. The stated value is a current estimate. Our estimated range is between £9m to £53m as we are aware that the actual value could vary significantly according to a number of potential factors over the life of the contract. Additional information: Total contract length stated is based on the maximum possible contract term of 10 years. The initial contract term for Custody is 5 years and IOO 3 years. The minimum contract value and maximum contract values are based on the initial contract term and maximum contract term to be spread across the primary and reserve/secondary custodian exact split is unknown at this stage.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    15 Dec 2021, 22:45 GMT
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Contract active
    Signed 14 Dec 2021, 00:00 GMT · £53,000,000
  5. Contract active
    Signed 14 Dec 2021, 00:00 GMT · £53,000,000
Commercial outcome and competition
Awards
The Northern Trust Company
Not published · Not published · active
JPMorgan Chase Bank
Not published · Not published · active
Contracts
Custody and IOO Services
£53,000,000 · signed 14 Dec 2021, 00:00 GMT · active
Reserve/Secondary Custodian
£53,000,000 · signed 14 Dec 2021, 00:00 GMT · active
Bid statistics
bids: 3 (lot 1)
bids: 3 (lot 1)
electronicBids: 3 (lot 1)
Buyer and organisations in this procedure

Pension Protection Fund

Contracting authority GB-FTS-8833
View buyer profile

  • Pension Protection Fund
    buyer

    Renaissance, 12 Dingwall Road, Croydon, UKI62, CR0 2NA
    commercialservices@ppf.co.uk
    +44 8456002541

  • JPMorgan Chase Bank
    supplier

    BR000746
    25 Bank Street, Canary Wharf, London, UKI31, E14 5JP

  • Pension Protection Fund
    reviewBody

    Croydon

  • The Northern Trust Company
    supplier

    BR001960
    50 Bank Street, Canary Wharf London, UKI31, E14 5NT
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published