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| Source: | Find a Tender Service (FTS) |
| Notice Type: | Award notice |
| Buyer: | LGPS CENTRAL LIMITED |
| Main Category: | — |
| Procurement Method: | Direct award |
| Method Rationale: | Due to the nature and pace of recent LGPS pension pooling reform, approval of the Partner Funds joining LGPS Central Limited was only officially made on 1st April 2026 and therefore the requirement for continuation of essential services from AssetMetrix, in respect of three of the Partner Funds joining from another pool, was unforeseen. The admission date of 1st of April 2026 date for the new Partner Funds has not allowed sufficient time for a competitive procurement process to be undertaken and for the on-boarding of data ahead of the commencement of the complex and essential services in question (being transaction processing, cash settlement, investment look through reporting, and maintenance of investment book of records for the three Partner Funds joining from another pool). The scope of these services is strictly necessary and essential to meet our obligations as an asset pooling company. The contract period has been selected to enable us to ensure the essential services can continue for a minimum of 12 months and then align with the re-procurement of a much wider package of services which is expected to include the services detailed in this transparency notice. It is envisaged this re-procurement will commence in quarter 3 2027. On the basis of the above, these services are deemed as strictly necessary, and for the reasons of extreme and unavoidable urgency, a direct award is justified. |
All 3 notices for this procurement, oldest first.
Asset Servicing for Private Markets
Asset Servicing for Private Markets
Asset Servicing for Private Markets
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Awarded to
| Award status: | Pending |
Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds.
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Book a free consultation →| Tender Status: | Closed |
| Estimated Value (ex. VAT): | Not specified |
| Release Date: | 18 June 2026 |
| Application Deadline: | — |
| Contract Start Date: | 30 June 2026 |
| Contract End Date: | 30 June 2027 |
| Contract Duration: | 1.0 years |
| Procurement ID (OCID): | ocds-h6vhtk-06b802 |
| Notice Reference: | 057537-2026 |