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Provision of Global Custody Services

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Summary

Machine-generated summary

Falkirk Council has awarded a contract for global custody services to meet the needs of the Falkirk Council Pension Fund, for which the council acts as administering authority. The contract was won by Northern Trust at a value of EUR 2,799,160.25, awarded on 2026-04-30. It was made through a collaborative mini-competition CT1455 run by Edinburgh City Council with participation from Fife Council and Falkirk Council, under the national LGPS Framework Agreement NCCT42038. The initial call-off term expires on 28/02/2031, with extension options of up to three further years, and the call-off value includes the optional extension period.

Description

Falkirk Council is appointing a contractor to meet its needs as administering authority for the Falkirk Council Pension Fund in relation to the provision of global custody services. Award against framework: NCCT42038 Global Custody Services Framework. Edinburgh City Council conducted a collaborative mini-competition CT1455, which included participation from Fife Council, and Falkirk Council. This award is being made in accordance with the outcome of that mini-competition and is fully compliant with the terms and conditions of the national LGPS Framework Agreement NCCT42038 - Global Custody Services. The initial call-off term will expire 28/02/2031, with total extension options of up to a further three years. The call-off value includes the optional extension period. (SC Ref:831717)

Official source

Source: Public Contracts Scotland

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Last verified against Public Contracts Scotland 1 day ago

Documents on Public Contracts Scotland (English)

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Buyer track record on Aperlena
41 notices tracked · 26 awarded
€24,680,691 in awarded contracts

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