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PROCUREMENT OPPORTUNITY

Asset Servicing for Private Markets

LGPS CENTRAL LIMITED · Contract details notice on Find a Tender

Tender information last checkedLast checked 29 Sept 2026, 14:52.

Opportunity overview

Provision of transaction processing, cash settlement, investment look through reporting and maintenance of IBOR for three partner funds. Please note: The standstill period detailed in the previous Contract Award Notice does not apply to this contract award and was included only to resolve the technical issue identified below. The Contracting Authority is relying on the direct award ground set out in paragraph 13 of Schedule 5 to the Procurement Act 2023 (urgency) (as more fully explained in the associated Transparency Notice published on 18 June 2026) in respect of this contract award. In accordance with s.51(3)(a) of the Act, the Contracting Authority is not required observe a standstill period. Notwithstanding that a standstill period was included in the earlier Contract Award Notice, it does not apply and is not a voluntary standstill period for the purposes of s.51(4) of the Act. The Contracting Authority has been advised there is a technical error within Find a Tender and currently Contract Award Notices can only be published if a standstill period is stated, which in this scenario as explained above, is not a mandatory requirement. Therefore the standstill period detailed in the related Contract Award Notice should be disregarded and does not apply as the Contracting Authority is not entering into a standstill period.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

AssetMetrix GmbH

No match
Published award value
Value not stated
Awarded
Not supplied
Contract signed
18 Jun 2026
Award ID
1
Status
active
Identifier
GB-PPON PMMH-6385-VJPX
Location
Munich, DE, 80339, Germany

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
ocds-h6vhtk-06b802
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
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.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
urgency

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

Organisation 1
Name
LGPS CENTRAL LIMITED
Id
GB-COH-10425159

Identifier

Scheme
GB-COH
Id
10425159

Additional Identifiers

Entry 1
Scheme
GB-PPON
Id
PVZL-3598-XMXZ

Address

Street Address
1st Floor I9
Locality
Wolverhampton
Postal Code
WV1 1LD
Country
GB
Country Name
United Kingdom
Region
UKG39

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthoritySubCentralGovernment
Description
Public authority - sub-central government
Organisation 2
Name
AssetMetrix GmbH
Id
GB-PPON-PMMH-6385-VJPX

Identifier

Scheme
GB-PPON
Id
PMMH-6385-VJPX

Address

Street Address
Theresienhoehe 13
Locality
Munich
Postal Code
80339
Country
DE
Country Name
Germany
Region
DE

Contact

Roles

supplier

Details

Scale
sme
Vcse
No
Public Service Mission Organization
No
Sheltered Workshop
No

Award information

Award 1
Id
1
Status
active
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66150000
Description
Financial markets administration services

Delivery locations

Entry 1
Region
UKG39
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-PPON-PMMH-6385-VJPX
Name
AssetMetrix GmbH

Related lots

1

Contracts and changes

Entry 1
Id
1
Award ID
1
Status
active
Has Renewal
Yes
Above Threshold
Yes
Date Signed
19 Jun 2026, 00:00
No Agreed Metrics Rationale
Not set as contract value below £5 million and relatively short term in nature.

Period

Starts
1 Jul 2026, 00:00
Ends
30 Jun 2027, 23:59
Max Extent Date
30 Sept 2028, 23:59

Renewal

Description
Following the initial 12 month contract period, extensions each of a six month duration are available, with the final extension not to exceed more than a 27 month maximum contract duration.

Value

Including VAT
1,150,200
Currency
GBP

Documents

Entry 1
Id
058151-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
19 Jun 2026, 14:39
Format
text/html

Recorded locations

  • Buyer location · Wolverhampton · UKG39 · WV1 1LD · United Kingdom

Notice and amendment history

3 published notice versions reviewed by ProcuraAxis.

3 VERSIONS
  1. 057537-2026Transparency notice on Find a Tender ·
  2. 058080-2026Contract award notice on Find a Tender ·
  3. 058151-2026Contract details notice on Find a Tender ·