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| Source: | Find a Tender Service (FTS) |
| Notice Type: | Award notice |
| Buyer: | BRUNEL PENSION PARTNERSHIP LIMITED |
| Main Category: | Services |
| Procurement Method: | Award procedure without prior publication of a call for competition |
| Method Rationale: | Brunel Pension Partnership Limited ("Brunel") intends to extend its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1 )(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties. The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension. |
| Tender Status: | Closed |
All 3 notices for this procurement, oldest first.
LGPS Multi Provider Framework for the Provision of Stewardship Services
LGPS Multi Provider Framework for the Provision of Stewardship Services
LGPS Multi Provider Framework for the Provision of Stewardship Services
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Awarded to
| Award status: | Active |
Provision of stewardship services, including engagement with issuers and voting recommendations.
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| Release Date: | 2 December 2025 |
| Application Deadline: | — |
| Procurement ID (OCID): | ocds-h6vhtk-05d8c5 |
| Notice Reference: | 078849-2025 |