Provision of Investment Services for the Official Solicitor

{
  "id": "046386-2025",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
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        "value": 3,
        "measure": "bids",
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  "date": "2025-08-06T09:53:28+01:00",
  "ocid": "ocds-h6vhtk-04d5bf",
  "buyer": {
    "id": "GB-FTS-6365",
    "name": "Ministry of Justice"
  },
  "awards": [
    {
      "id": "046386-2025-Con_24993-1",
      "title": "Provision of Investment Services for the Official Solicitor.",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-157144",
          "name": "Charles Stanley & Co. Ltd"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-04d5bf",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "description": "Scope of Work\nThe procurement concerns the provision of discretionary investment management services to the Official Solicitor. Under this arrangement, the appointed investment manager will make investment decisions on behalf of the Official Solicitor, 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.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Investment Models & Strategies",
              "type": "quality",
              "description": "25%"
            },
            {
              "name": "Investment Reporting",
              "type": "quality",
              "description": "5%"
            },
            {
              "name": "Stewardship Accounts",
              "type": "quality",
              "description": "10%"
            },
            {
              "name": "Contract Management",
              "type": "quality",
              "description": "6%"
            },
            {
              "name": "Systems",
              "type": "quality",
              "description": "5%"
            },
            {
              "name": "Transition/Mobilisation Plan",
              "type": "quality",
              "description": "12%"
            },
            {
              "name": "Trustees & Executors",
              "type": "quality",
              "description": "7%"
            },
            {
              "name": "Social Value: MAC 7.1",
              "type": "quality",
              "description": "10%"
            },
            {
              "type": "price",
              "description": "20%"
            }
          ]
        }
      }
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    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Provision of Investment Services for the Official Solicitor",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "This notice relates to the award of a contract for the Provision of Investment Services for the Official Solicitor.\nThe 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).\nAn 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.\nWhere 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.",
    "classification": {
      "id": "66100000",
      "scheme": "CPV",
      "description": "Banking and investment services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-6365",
      "name": "Ministry of Justice",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "SW1H 9AJ",
        "countryName": "United Kingdom",
        "streetAddress": "102 Petty France"
      },
      "details": {
        "url": "https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html",
        "classifications": [
          {
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE",
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
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      },
      "identifier": {
        "legalName": "Ministry of Justice"
      },
      "contactPoint": {
        "email": "CommercialFinancialServices@justice.gov.uk",
        "telephone": "+44 02033343555"
      }
    },
    {
      "id": "GB-FTS-157144",
      "name": "Charles Stanley & Co. Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London EC2Y 9LY 4.",
        "countryName": "United Kingdom",
        "streetAddress": "Ropemaker Place, 25 Ropemaker Street"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Charles Stanley & Co. Ltd"
      }
    },
    {
      "id": "GB-FTS-3615",
      "name": "Ministry of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Ministry of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "046386-2025-Con_24993-1",
      "title": "Provision of Investment Services for the Official Solicitor.",
      "value": {
        "amount": 1542522,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "046386-2025-Con_24993-1",
      "dateSigned": "2025-07-10T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}

{
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  "tag": [
    "award",
    "contract"
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  "date": "2025-07-29T21:16:20+01:00",
  "ocid": "ocds-h6vhtk-04d5bf",
  "buyer": {
    "id": "GB-FTS-6365",
    "name": "Ministry of Justice"
  },
  "awards": [
    {
      "id": "044055-2025-Con_24995-1",
      "title": "Provision of Investment Services for the Public Trustee",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-156043",
          "name": "Charles Stanley & Co. Ltd"
        }
      ],
      "relatedLots": [
        "1"
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  ],
  "tender": {
    "id": "ocds-h6vhtk-04d5bf",
    "lots": [
      {
        "id": "1",
        "status": "cancelled",
        "hasOptions": false,
        "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.",
        "awardCriteria": {
          "criteria": [
            {
              "name": "Investment Models& Strategies",
              "type": "quality",
              "description": "25%"
            },
            {
              "name": "Investment Reporting",
              "type": "quality",
              "description": "5%"
            },
            {
              "name": "Stewardship Accounts",
              "type": "quality",
              "description": "10%"
            },
            {
              "name": "Contract Management",
              "type": "quality",
              "description": "6%"
            },
            {
              "name": "Systems",
              "type": "quality",
              "description": "5%"
            },
            {
              "name": "Transition/Mobilisation Plan",
              "type": "quality",
              "description": "12%"
            },
            {
              "name": "Trustees& Executors",
              "type": "quality",
              "description": "7%"
            },
            {
              "name": "MAC 7.1",
              "type": "quality",
              "description": "10%"
            },
            {
              "type": "price",
              "description": "20%"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Provision of Investment Services for the Public Trustee",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "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 (“securities”), cash and land. \nAn estate is where the Public Trustee 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.\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.",
    "classification": {
      "id": "66100000",
      "scheme": "CPV",
      "description": "Banking and investment services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-6365",
      "name": "Ministry of Justice",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "SW1H 9AJ",
        "countryName": "United Kingdom",
        "streetAddress": "102 Petty France"
      },
      "details": {
        "url": "https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html",
        "classifications": [
          {
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE",
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Ministry of Justice"
      },
      "contactPoint": {
        "email": "CommercialFinancialServices@justice.gov.uk",
        "telephone": "+44 02033343555"
      }
    },
    {
      "id": "GB-FTS-156043",
      "name": "Charles Stanley & Co. Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC2Y 9LY",
        "countryName": "United Kingdom",
        "streetAddress": "Ropemaker Place, 25 Ropemaker Street"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Charles Stanley & Co. Ltd"
      },
      "contactPoint": {
        "email": "CommercialFinancialServices@justice.gov.uk"
      }
    },
    {
      "id": "GB-FTS-3615",
      "name": "Ministry of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "Ministry of Justice"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "044055-2025-Con_24995-1",
      "title": "Provision of Investment Services for the Public Trustee",
      "value": {
        "amount": 50465,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "044055-2025-Con_24995-1",
      "dateSigned": "2025-06-30T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}

{
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  "date": "2025-01-23T14:26:46Z",
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        "status": "active",
        "hasOptions": false,
        "hasRenewal": false,
        "description": "The Ministry of Justice (MoJ) is conducting an open procedure to obtain Investment Services for the Official Solicitor to the Senior Courts (referred to as the Official Solicitor) and the Public Trustee. \nThe Official Solicitor (OS) and the Public Trustee (PT) to oversee asset management for their clients. This initiative aims to procure expert investment guidance to ensure the effective management of these assets for a period of up to 5 years.",
        "contractPeriod": {
          "endDate": "2030-04-06T23:59:59+01:00",
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    ],
    "title": "Provision of Investment Services for the Official Solicitor and the Public Trustee",
    "value": {
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      "currency": "GBP"
    },
    "status": "active",
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      "GPA"
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    "bidOpening": {
      "date": "2025-02-24T12:00:00Z"
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    "awardPeriod": {
      "startDate": "2025-02-24T12:00:00Z"
    },
    "description": "The Ministry of Justice (MoJ) is conducting an open procedure to obtain Investment Services for the Official Solicitor to the Senior Courts (referred to as the Official Solicitor and the Public Trustee). \nThe Authority intends to enter into 2 single contracts, one for the Official Solicitor (OS) and one for the Public Trustee (PT). \nThe Official Solicitor (OS) and the Public Trustee (PT) oversee asset management for their clients. This initiative aims to procure expert investment guidance to ensure the effective management of these assets for a period of up to 5 years.",
    "tenderPeriod": {
      "endDate": "2025-02-24T12:00:00Z"
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    "classification": {
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      "scheme": "CPV",
      "description": "Financial and insurance services"
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    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://ministryofjusticecommercial.bravosolution.co.uk",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-6365",
      "name": "Ministry of Justice",
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        "region": "UK",
        "locality": "London",
        "postalCode": "SW1H 9AJ",
        "countryName": "United Kingdom",
        "streetAddress": "102 Petty France"
      },
      "details": {
        "url": "https://ministryofjusticecommercial.bravosolution.co.uk",
        "classifications": [
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            "id": "MINISTRY",
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            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
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            "scheme": "COFOG",
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      "identifier": {
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      "contactPoint": {
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        "email": "CCMDFinancialServices@justice.gov.uk",
        "telephone": "+44 02033343555"
      }
    },
    {
      "id": "GB-FTS-88",
      "name": "Royal Courts of Justice",
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        "countryName": "United Kingdom",
        "streetAddress": "Strand"
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      "contactPoint": {
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  "language": "en",
  "initiationType": "tender"
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