Awarded contract

Custody and Investment Operations Outsourcing Services

Details

Buyer: Pension Protection Fund
Supplier(s): Northern Trust, JPMORGAN CHASE BANK, N.A., LONDON BRANCH
Value: GBP 53,000,000
Duration: 10 years
Topic: Custody services
Published: 15 December 2021
Source: uk:contracts_finder

Tender description

Custody and Investment Operations Outsourcing (IOO) Services. Custodian Services also include Fund accounting and transfer agency services (unitisation). We may also appoint a second/reserve Custodian to manage some of the PPF's assets, the exact amount is to be confirmed. Total contract length stated is based on the maximum possible contract term of 10 years. The initial contract term for Custody is 5 years and IOO 3 years. The minimum contract value and maximum contract values are based on the initial contract term and maximum contract term to be spread across the primary and reserve/secondary custodian, exact split is unknown at this stage.

Timeline

Completed: Award published15 December 2021
Current notice
Completed: Award date1 September 2022
Next: Contract expiry date31 August 2032in 6 years

About the buyer

Pension Protection Fund is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

66162000 · Custody services

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@pension-protection-fund.gov
Commercial Director	+44 •••• ••••••	••••••••@pension-protection-fund.gov
Procurement Manager	+44 •••• ••••••	••••••••@pension-protection-fund.gov
Category Lead	+44 •••• ••••••	••••••••@pension-protection-fund.gov
Senior Buyer	+44 •••• ••••••	••••••••@pension-protection-fund.gov
Contracts Manager	+44 •••• ••••••	••••••••@pension-protection-fund.gov