LGPS Multi Provider Framework for the Provision of Stewardship Services

Official notice

Authority: BRUNEL PENSION PARTNERSHIP LIMITED

Framework agreementServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: South West (UKK)

Framework ceiling (notional)Value not publishedframework ceiling, not attributable revenue

Awarded 1 Dec 2021no call for competition

What is being bought

Published requirement description

Provision of stewardship services, including engagement with issuers and voting recommendations.

CPV: Pension services

The lotProcurement structure

single lot · no lot value published

Lot #1A contract was awarded to Hermes under the National LGPS Framework for the provision…Awarded

A contract was awarded to Hermes under the National LGPS Framework for the provision of stewardship services, including engagement with issuers and voting recommendations.

Delivery: South West

Procedure terms & legal framework

From the official record

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded without competition
Procurement threshold: Unspecified in notice
Regulatory regime: Standard
Commercial structure: Framework agreement
Who may use this agreement: Not stated in the notice; call-off rights may be limited to the establishing authority
Competition type: Direct award (no call for competition)
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 3 Nov 2025, 11:23 GMT
Last source update: 2 Dec 2025, 12:14 GMT
FTS notice number: 2025/S 000-078849
Classification (CPV): Pension services
Delivery area: South West (UKK)
Official registry OCID: ocds-h6vhtk-05d8c5 Find a Tender

Why no open competition: Extreme urgency brought about by events unforeseeable for the contracting authority/entity and in accordance with the strict conditions stated in the directive
Published justification: Brunel Pension Partnership Limited ("Brunel") intends to extend its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1 )(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties.
The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Suppliers appointed 2admitted to the panel · see the list ↓

Bids received 1

Contracts signed 3latest 1 Dec 2021

3 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

Contracts

Contract 070376-2025-1
Signed
1 Dec 2021
Value
£212,500
Status
active
Contract 078849-2025-1
Signed
1 Dec 2021
Value
£850,000
Status
active
Contract 078862-2025-1-VR-03112025-1
Signed
1 Dec 2021
Value
£1,062,500
Status
active
- Change Brunel Pension Partnership Limited ("Brunel") are extending the contract with Hermes under the justification listed below for the provision of engagement and voting provider services which expires on 1 December 2025. This is as a direct result of the government's announcement in May 2025 on pooling consolidation. Brunel intends to extend this contract on the same terms to Hermes under Regulation 72(1)(c) of the Public Contract Regulations 2015., Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: Brunel have extended its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1)(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties. The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension.

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

BRUNEL PENSION PARTNERSHIP LIMITED

Contracting authorityLGPSLGPS GB-COH: 10429110 5th Floor 101 Victoria Street, Bristol, South West, BS16PUContact email

Framework contractors & participating bidders

2 commercial parties on the notice

Hermes Equity Ownership Services LimitedFramework contractorGB-COH: 05167179 150 Cheapside, London, London, EC2V 6ET
Hermes Equity Ownership Services LimitedFramework contractorGB-COH: 105167179 1 so Cheapside, London, London, EC2V 6ET

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.