Multi Provider Framework Agreement for the Provision of Global Custody Services Primarily in Support of the Local Government Pension Scheme

Tender description

The Norfolk Pension Fund, administered by Norfolk County Council, is seeking to establish a multi-provider framework agreement for the provision of Global Custody Services primarily in support of the local government pension scheme on its own behalf and on behalf of Cambridgeshire County Council, The City of Edinburgh Council, Essex County Council, Northamptonshire County Council, Hampshire County Council, Hertfordshire County Council, Suffolk County Council and Wolverhampton City Council. The founder authorities named above wish to establish a multi-provider framework agreement for the provision of Global Custody Services to be available to all LGPS administering authorities and other bodies as defined in this OJEU contract notice, to provide national access to high-quality efficient and effective services at the best possible price. The procurement involves the establishment of a framework agreement with several operators. The framework agreement will be in place for 4 years. Contracts awarded under the framework may have a maximum total duration of 10 years. No contract awarded from the framework will be permitted to extend beyond February 2035.