Who Won It

Contract award · 29 Jul 2025

Order management, portfolio monitoring and risk analytics system: Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).

Pension Protection Fund awarded “Order management, portfolio monitoring and risk analytics system…” to BlackRock Financial Management, Inc for £148m.

Software & information systemsLondon

BuyerPension Protection Fund
Value across 2 lots £148m
WinnerBlackRock Financial Management, Inc

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Buyer
Pension Protection Fund · Body governed by public law
Supplier
BlackRock Financial Management, Inc
Value
£148,050,992 across 2 lots
Procedure
Competitive procedure with negotiation
Sector
Software & information systems · Software package and information systems (CPV 48000000)
Region
London
Official notice
062522-2025 on Find a Tender
Timeline
  1. Contract date29 Jul 2025
  2. Published6 Oct 2025Published 69 days after the contract date

Description

Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).

Lots in this award

LotSupplierValue
Order management, portfolio monitoring and risk analytics system: Lot 1 - Order management system, Portfolio monitoring & Risk analysis system (Matching portfolio and other internally managed portfolios, with specific emphasis on LDI).BlackRock Financial Management, Inc£74m
Order management, portfolio monitoring and risk analytics system: Lot 2 - Portfolio monitoring and risk analysis system (Growth portfolio, with specific emphasis on Private Markets)BlackRock Financial Management, Inc£74m

About the supplier

More from Pension Protection Fund

All contracts

Recent software & information systems contracts

Sector overview