Official UK procurement notice
Fiduciary Management Services for Pension & Assurance Scheme
Authority: University of Bristol (Education)
What is being bought
Published requirement descriptionThe 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.
The appointed organisation will decide on, oversee, execute or advise on the some or all of the following:
- Strategic Asset Allocation,
- Tactical Asset Allocation,
- Hedging Strategy Implementation,
- Manager selection,
- Asset class selection,
- Portfolio Construction,
- Managing scheme liquidity,
- Fund reporting,
- Trustee Education,
- Portfolio Implementation,
- Strategic Objectives,
- Risk Budget,
- Constraints,
- Hedging Strategy Design.
- Recurrence: During the optional extension periods
CPV: Insurance and pension services · Pension fund management services · Pension investment services · Pension services
The lotProcurement structure
single lot · no lot value publishedLot #1The objective of this Procurement is for the University of Bristol Pension and…AwardedRenewal
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's 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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Price
- Suitability
Refer to e-procurement portal: tenders.bris.ac.uk ↗
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · During the optional extension periods
- First published
- 29 Jul 2024, 14:35 BST
- Last source update
- 11 Jul 2025, 10:22 BST
- Authority reference
Fin-2306-011-PC_2695- FTS notice number
2025/S 000-039155- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04858aFind a Tender
- Performance terms
Refer to e-procurement portal: tenders.bris.ac.uk ↗
Publisher note: 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. Contract will be retendered prior to expiry date as service will continue to be required.
How it was run
Official notice- Submission deadline
- 27 Aug 2024, 16:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
Timeline
29 Jul 2024 → 11 Jul 2025 · 3 dates- Invitations to tender expected29 Jul 2024, 00:00 BST
- Submission deadline27 Aug 2024, 16:00 BST
- Notice published11 Jul 2025, 10:22 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete11 Jul 2025, 10:22 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD | £13,500,000 † | — | Awarded |
Contracts
Fiduciary Management Services for Pension & Assurance Scheme · VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTD
- Signed
- 27 Aug 2024
- Value
- £13,500,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids · 4 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT (UK) LTDAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria