Tri Borough Pension Funds - Global Custody Services

November 21, 2024 Cabinet Member for Finance and Reform (Cabinet member) Key decision Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to proceed with a mini competition via the National LGPS Framework for Global Custody Services to award a supplier of asset servicing to the LBHF pension fund, as the existing contract with Northern Trust has been extended several times.

Full council record

Purpose

Mini competition to award supplier of asset
servicing to LBHF pension fund though LGPS framework

Decision

That the Cabinet Member for
Finance and Reform agree the recommended procurement strategy
outlined in this report, the timetable for the procurement and give
authorisation to proceed with using a compliant framework agreement
to undertake a mini competition via the National LGPS Framework for
Global Custody Services.
 

Supporting Documents

Procurement Strategy report Global Custodian LBHF Final.pdf

Details

OutcomeRecommendations Approved
Decision date21 Nov 2024
Subject to call-inYes