Contract award · 26 Mar 2025

SYPA Custodian Procurement - LGPS Framework Agreement

South Yorkshire Pensions Authority awarded “SYPA Custodian Procurement - LGPS Framework Agreement” to The Northern Trust Company for £285k.

No competitionFinancial & insurance servicesYorkshire and the Humber

Awarded without open competition

Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.

What “without competition” means

Key facts

Buyer
South Yorkshire Pensions Authority · Regional or local authority
Value
£284,558
Procedure
Award procedure without prior publication of a call for competition
Sector
Financial & insurance services · Custody services (CPV 66162000)
Timeline
  1. Contract date26 Mar 2025
  2. Published8 May 2025Published 43 days after the contract date

Description

Provision of global custodian services.

About the supplier

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