Custody and Investment Operations Outsourcing Services
Estimated value
—
Awarded value
—
Suppliers
2
Lots
1
Published
15 Dec 2021
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.
Scope
- Reference
- ocds-h6vhtk-02b9bc
- Commercial tool
- Standalone contract
- Contract dates
A single Service Provider to deliver the Custody and IOO Services. However, two contracts: Custody - will be for 5 years with optional extensions to take full term to 10 years. Fund accounting and Transfer agency services as required for initial term of 12 months with option to extend to max term. IOO – contract will be for an initial 3 years with optional extensions to take full term to 10 years
- Main category
- services
- CPV classifications
- 6615100066172000
- Contract locations
- London
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Custody Service Delivery & Support | 20% | quality | — |
| Custody – Connectivity with PPF Systems and PPF third parties | 10% | quality | — |
| Custody Performance Regime | 10% | quality | — |
| IOO Service Delivery | 15% | quality | — |
| IOO Performance Regime | 10% | quality | — |
| Project mobilisation, implementation and timing | 10% | quality | — |
| Carbon Reduction Plan and ESG | 5% | quality | — |
| Price | 10% | quality | — |
| Price Sensitivity | 5% | quality | — |
| Contract | 5% | quality | — |
| — | 10% | price | — |
Submission & procedure
- Procedure
- Competitive procedure with negotiation
Award details· 2 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
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Award date
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Contract start
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Contract end
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Award 1· 1 supplier
Awarded —
Award 2· 1 supplier
Awarded —
Other contracts from Pension Protection Fund
Full notice and award history for this contracting authority is on the buyer profile.
Other contracts awarded to The Northern Trust Company· 8
Cross-buyer view of this supplier's public-sector wins.
| Title | Type | Value | Published |
|---|---|---|---|
| Pension Fund Global Custodian | contract | — | 19 Jun 2026 |
| Pension Fund Independent Performance Measurement | contract | — | 25 Mar 2026 |
| Pension Fund Independent Performance Measurement | contract | — | 05 Jan 2026 |
| Pension Fund Independent Performance Measurement | contract | — | 04 Dec 2025 |
| A Multi Provider Framework Agreement for the Provision of Transition Management Services Primarily in Support of the Local Government Pension Scheme | contract | — | 11 Mar 2025 |
| Provision of Pension Fund Custodian Services | contract | £420k | 24 May 2024 |
| WSCC - JS - Global Custody Services for West Sussex Pension Fund | contract | £313k | 22 Jul 2022 |
| Global Custodian Services | contract | £71k | 30 Jun 2022 |