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Tenfell
Awarded contract
Published 04 Dec 2025

Fund Administration, Custody, Depository & Client Reporting Services

LONDON LGPS CIV LIMITED · London

Key facts

Contract value
£19,003,678
Awarded
04 Dec 2025
Contract starts
01 Jan 2026
Contract ends
31 Dec 2029
Procedure
Competitive flexible procedure
Buyer type
Local government

Awarded to 2 suppliers

SupplierValue
NORTHERN TRUST GLOBAL INVESTMENTS LIMITED£18,480,000
OPUS NEBULA£523,678

Description

The Authority is seeking to appoint one or more suppliers to deliver a range of services in support of its investment fund platform, operational oversight model, and client servicing responsibilities. These services have been grouped into three Lots and will be awarded via a Competitive Flexible Procedure under the Procurement Act 2023. The services sought through this procurement will replace those currently delivered by the Authority's existing providers, whose contracts are due to expire on 31 December 2025. A transition window will be established to allow for implementation and onboarding activities in advance of go-live dates. Suppliers may submit proposals for one, multiple, or all Lots. Each Lot will be evaluated and awarded independently, and the Authority reserves the right to award all, some, or none of the Lots depending on the quality and value of tenders received.

Categories (CPV)

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About LONDON LGPS CIV LIMITED

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