Tender for Sole Corporate Trustee Provider – University of Bristol Pension and Assurance Scheme

Tender for Sole Corporate Trustee Provider – University of Bristol Pension and Assurance Scheme

The University’s is seeking to appoint a Sole Corporate Trustee Provider who adds value to the governance of the Scheme and its objectives.

Sole Trustee for the University of Bristol Pension and Assurance Scheme

Contract summary

 

Industry

  • Trust services – 66161000

Location of contract

BS8 1QU

Value of contract

£420,000

Procurement reference

tender_268519/977824

Published date

22 July 2021

Closing date

23 August 2021

Closing time

12pm

Contract start date

1 March 2022

Contract end date

28 February 2034

Contract type

Service contract

Procedure type

Competitive procedure with negotiation (OJEU)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

 

Description

 

The University is seeking to appoint a Sole Corporate Trustee Provider who adds value to the governance of the Scheme and its objectives, in the interests of both the Scheme’s members and the University, as principal employer.

The Sole Corporate Trustee Provider must protect members’ interests, safeguard and strategically manage the investment of Scheme assets (with the Fiduciary Manager), monitor, manage, mitigate or eliminate risks and ensure the short, medium and longer-term funding needs of the Scheme are met. Beyond this, the Sole Corporate Trustee Provider will take the initiative and develop and implement a strategy that seeks to deliver the Scheme’s long-term funding objective within or before expiry of the stated timeframe. In so doing it will remain flexible and adaptable and will seek to identify innovative solutions to drive efficiency to meet the objective more cost effectively or ahead of time or to further mitigate or eliminate any risk to the Scheme, its members and the university. Throughout its tenure, the Sole Corporate Trustee Provider must ensure that the Scheme remains fully compliant with the legal and regulatory environment and the Scheme’s constitution and that it maintains an effective system of governance. At all times the Sole Corporate Trustee Provider will be mindful of the need to provide a cost effective, proportionate, transparent and high-quality service to the Scheme and the University, as principal employer.

The Sole Corporate Trustee Provider will be expected to operate as Sole Corporate Trustee in line with the values which have historically applied to UBPAS trusteeship, these being;

I. to treat member interests and fairness as a very high priority; and
II. to gain an in depth understanding of the covenant, the UoB business model and thereby interact effectively with the University finance function.

The initial contract period will be for 6 years which may be extended to a maximum total period of 12 years.

 

More information

 

Additional text
Link to eSourcing Portal

https://tenders.bris.ac.uk

 

How to apply

 

Follow the instructions given in the description or the more information section.

 

About the buyer

 

Contact name

Martyn Dean

Address

4th Floor, Augustine's Courtyard, Orchard Lane
Bristol
BS1 5DS
England

Telephone

+441173940653

Email

md14719@bristol.ac.uk

Website

www.bristol.ac.uk