Pension Fund Management Tenders and Contracts

A pension fund management tender is a public procurement process where a pension fund or its administering authority appoints an investment manager, custodian or stewardship adviser to manage the fund's assets. Local government pension schemes are the primary source of these opportunities.

Stotles brings together pension fund management 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. Pension fund mandates are let as individual appointments or by pension pools, and consultancy is often called off the national LGPS frameworks.

Investment managers must be authorised by the Financial Conduct Authority, and Local Government Pension Scheme appointments follow the scheme's investment regulations. Tenders usually set minimum professional indemnity insurance, check financial standing and ask for evidence of similar commissions 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, alongside public sector pension pools that combine several funds' assets. Other public bodies with their own pension arrangements also run pension fund management tenders occasionally.

Read pension fund investment strategy statements, pool transition plans, committee papers and mandate review dates, which show pension fund management work coming due ahead of a notice. On Stotles you can track those signals and the funds behind them, then follow a notice from pre-tender through to award.

Investment management mandates are filed under financial services codes in the 66000000 range, and administration carries 66523100 (Pension fund administration services).