Pension Fund Operational Services Tenders and Contracts

Pension fund operational services tenders cover the operational and back-office side of running a pension fund or an investment pool, rather than investment advice itself. That includes global custody and safekeeping of assets, depositary and trustee services, third-party fund administration, investment risk and reporting systems, and dealing or clearing support for the fund's transactions.

A global custody tender appoints a custodian bank to safeguard a pension fund's or pool's assets, settle trades, handle tax reclaims and provide asset servicing and reporting across the markets the fund invests in. It is a common notice type alongside depositary and third-party administration services.

Stotles brings together pension fund operational services tenders and contracts from 100+ portals into one search, so you do not have to check each portal separately, and you can set alerts for new opportunities across the UK and Ireland.

If you want to search the government portals directly, Find a Tender carries higher-value contracts across the UK and Contracts Finder carries lower-value contracts in England. Public Contracts Scotland, Sell2Wales and eTendersNI cover Scotland, Wales and Northern Ireland, Ireland's eTenders covers Irish public bodies, and many councils, NHS bodies and housing associations publish on their own e-tendering portals such as ProContract. Custody is often bought through the national Local Government Pension Scheme framework with a mini competition for each fund, and other services are tendered individually.

Custodians and depositaries must be authorised by the Financial Conduct Authority, and pension fund work must follow Local Government Pension Scheme investment regulations. Tenders usually set minimum insurance cover, check financial standing and ask for evidence of similar mandates at selection stage. Under the Procurement Act 2023, suppliers can be excluded for certain criminal convictions, insolvency or failure to pay tax.

Local authorities acting as administering authorities for the Local Government Pension Scheme are regular buyers, together with the pooling companies they have jointly set up to combine investments across several funds. A handful of other public bodies with their own pension or investment funds also run similar tenders occasionally.

Read pension fund investment strategy statements, pooling arrangements, custody contract expiry dates and framework renewal dates, which show pension fund operational services work coming due ahead of a notice. On Stotles you can track those signals and the buyers behind them, then follow a notice from pre-tender through to award.

Pension fund operational services notices carry 66162000 (Custody services) and 66600000 (Treasury services).