Tender notice
GSV2311 - PCPF Custodian
Notice details
- Published
- Category
- services
- Buyer region
- London
- Source
- View official notice
Public buyer
Public buyer
UK ParliamentTender value£1,100,000
- Planned startAs published in the notice
- Planned endAs published in the notice
Work description
The Parliamentary Contributory Pension Fund ("the Fund") is a statutory public service pension scheme under the Parliamentary and Other Pensions Act 1972. The Trustees of the Fund are seeking to appoint a global custodian to provide custody services to the Fund. The global custodian is to provide a global custody network (either directly or via a sub custodian arrangement) for safekeeping and settlement of assets, investment accounting and performance measurement services, supporting a multi-manager investment structure covering the major and alternative asset classes held in segregated mandates and pooled funds. Tenderers must be able to demonstrate the ability to work with UK Pension Fund arrangements and meet certain minimum financial stability criteria.