Appointment of a Fund Administrator and Depositary for a UK ACS Fund
Services to be provided may include but not limited to fund accounting, fund administration, transfer agency, global custody (including safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting), performance measurement, foreign exchange, cash management, and on-line reporting.
United Kingdom-London: Trust and custody services
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
London LGPS CIV Ltd
59½ Southwark Street
Contact point(s): London LGPS CIV Ltd, 59½ Southwark Street, London SE1 0AL
For the attention of: Freddie Fuller
SE1 0AL London
Telephone: +44 2079349844
General address of the contracting authority: http://www.londoncouncils.gov.uk/policylobbying/localgovernmentfinance/civpensions/
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)Type of the contracting authority
I.4)Contract award on behalf of other contracting authorities
Section II: Object of the contract
II.1.1)Title attributed to the contract by the contracting authority:
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
NUTS code UKI12
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
II.1.5)Short description of the contract or purchase(s)
Please note London Councils are managing the procurement on behalf of the ACS Operator, with whom the final contracts will be executed.
II.1.6)Common procurement vocabulary (CPV)
66160000, 66162000, 66170000
II.1.7)Information about Government Procurement Agreement (GPA)
II.1.9)Information about variants
II.2.1)Total quantity or scope:
We anticipate possible annual fees of between GBP 50 000 — 500 000 over the course of the contract.
Estimated value excluding VAT:
Range: between 50 000 and 500 000 GBP
II.2.2)Information about options
Description of these options: The contract is for an initial period of 5 years with the option to extend for a further 5 years.
II.2.3)Information about renewals
II.3)Duration of the contract or time limit for completion
Section III: Legal, economic, financial and technical information
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.1.4)Other particular conditions
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
III.2.2)Economic and financial ability
Minimum level(s) of standards possibly required: As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document. Candidates and associated holding companies must have a minimum long term deposit credit rating of at least A2 / A / A (Moody’s / S&P / Fitch) from 2 providers.
As per the requirements of regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document.
Minimum level(s) of standards possibly required:
As per the requirements of Regulation 23 of the Public Contracts Regulations 2006 and as detailed in the PQQ document. Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalents law of European Economic Area (EEA) member state. Proof of registration should be provided.
III.3.1)Information about a particular profession
Reference to the relevant law, regulation or administrative provision: Candidates must be registered under the terms of the Financial Services and Markets Act 2000 or equivalent law of European Economic Area (EEA) member state. Proof of registration should be provided.
III.3.2)Staff responsible for the execution of the service
Section IV: Procedure
IV.1.1)Type of procedure
IV.2.2)Information about electronic auction
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
Payable documents: no
IV.3.4)Time limit for receipt of tenders or requests to participate
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
Section VI: Complementary information
VI.1)Information about recurrence
VI.2)Information about European Union funds
You will need to register with the www.competefor.com to record your expression of interest and to download the PQQ documentation.
VI.4.2)Lodging of appeals
VI.5)Date of dispatch of this notice: