Official UK procurement notice
Provision of Investment Services for the Official Solicitor
Authority: Ministry of Justice (Central government)
What is being bought
Published requirement descriptionThis 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.
CPV: Banking and investment services
The lotProcurement structure
single lot · value publishedLot #1Scope of WorkAwardedPublished value£1,601,110
Scope of Work
The 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.
The Supplier must:
Be authorised under the Financial Services and Markets Act 2000 and experienced in working with trustees, executors, and administrators.
Provide services equivalent to those offered to professional trustees, including both discretionary and advisory investment management.
Deliver at least two valuations per year per trust, with additional reports on request.
Produce annual investment reports detailing transactions, holdings, valuations, and performance, with supporting evidence for each transaction.
Maintain nominee arrangements and custody of investments.
Manage dividends and facilitate beneficiary payments as instructed.
Provide HMRC-compliant valuations and annual tax reports (CGT and income) as of 5th April.
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).
Published sub-criteria (9)
- Investment Models & Strategies: 25%
- Investment Reporting: 5%
- Stewardship Accounts: 10%
- Contract Management: 6%
- Systems: 5%
- Transition/Mobilisation Plan: 12%
- Trustees & Executors: 7%
- price: 20%
- Social Value: MAC 7.1: 10%
Published award criteria (9)
- Investment Models & Strategies: 25%
- Investment Reporting: 5%
- Stewardship Accounts: 10%
- Contract Management: 6%
- Systems: 5%
- Transition/Mobilisation Plan: 12%
- Trustees & Executors: 7%
- Social Value: MAC 7.1: 10%
- Price: 20%
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- 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
- No (one-off requirement)
- First published
- 23 Jan 2025, 14:26 GMT
- Last source update
- 6 Aug 2025, 09:53 BST
- Award evaluation window
- 24 Feb 2025 – …
- FTS notice number
2025/S 000-046386- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04d5bfFind a Tender
How it was run
Official notice- Submission deadline
- 24 Feb 2025, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 24 Feb 2025, 12:00 GMT
Timeline
24 Feb 2025 → 6 Aug 2025 · 4 dates- Submission deadline24 Feb 2025, 12:00 GMT
- Bids opened24 Feb 2025, 12:00 GMT
- Contract starts7 Apr 2025, 00:00 BST
- Notice published6 Aug 2025, 09:53 BST
Notice history
1 event · 3 releases on Find a Tender- Status changed to complete29 Jul 2025, 21:16 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Charles Stanley & Co. LtdProvision of Investment Services for the Public Trustee | — | — | Awarded |
| Charles Stanley & Co. Ltd | — | — | Awarded |
Contracts
Provision of Investment Services for the Official Solicitor. · Charles Stanley & Co. Ltd
- Signed
- 10 Jul 2025
- Value
- £1,542,522
- Period
- … – 6 Apr 2030
- Status
- active
Provision of Investment Services for the Public Trustee · Charles Stanley & Co. Ltd
- Signed
- 30 Jun 2025
- Value
- £50,465
- Period
- … – 6 Apr 2030
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of JusticeReview body
Bidders & participating suppliers
2 commercial parties on the notice- Charles Stanley & Co. LtdAwarded supplier
- Charles Stanley & Co. LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.