Section one: Contracting authority
one.1) Name and addresses
Ministry of Justice
102 Petty France
London
SW1H 9AJ
CommercialFinancialServices@justice.gov.uk
Telephone
+44 02033343555
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://ministryofjusticecommercial.bravosolution.co.uk/web/login.html
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision of Investment Services for the Public Trustee
two.1.2) Main CPV code
- 66100000 - Banking and investment services
two.1.3) Type of contract
Services
two.1.4) Short description
This contract is for the provision of Investment Services to the Public Trustee. The Public Trustee acts as executor or administrator of estates and as the appointed trustee of settlements. In addition, the Public Trustee is the legal holder of land under Part IV of the First Schedule to the Law of Property Act 1925 and Part V of the First Schedule to the Law of Property Act 1925. The Public Trustee holds real and personal property such as stocks and shares (“securities”), cash and land.
An estate is where the Public Trustee has been appointed as executor of a deceased person’s will or as administrator of an estate of a person who has died without a will. An executor/administrator collects all the deceased’s assets and pays all of the debts before distributing what remains to the beneficiaries named in the will or, if there is no will, who is entitled by law to this.
Where the Public Trustee has been appointed to act as a trustee, she has a duty to invest the capital held to produce income to use or pay for the benefit of the beneficiaries of the trust. It is a legal responsibility of the Public Trustee as Trustees to obtain professional investment advice when managing the assets.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £50,465
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Scope of Work
The procurement concerns the provision of discretionary investment management services to the Public Trustee. Under this arrangement, the appointed investment manager will make investment decisions on behalf of the Public Trustee, in accordance with policy documents provided during the account setup process. All referred funds must be accepted, regardless of value.
The Supplier must:
Be authorised under the Financial Services and Markets Act 2000 and experienced in working with trustees, executors, and administrators.
Provide services equivalent to those offered to professional trustees, including both discretionary and advisory investment management.
Deliver at least two valuations per year per trust, with additional reports on request.
Produce annual investment reports detailing transactions, holdings, valuations, and performance, with supporting evidence for each transaction.
Maintain nominee arrangements and custody of investments.
Manage dividends and facilitate beneficiary payments as instructed.
Provide HMRC-compliant valuations and annual tax reports (CGT and income) as of 5th April.
two.2.5) Award criteria
Quality criterion - Name: Investment Models& Strategies / Weighting: 25%
Quality criterion - Name: Investment Reporting / Weighting: 5%
Quality criterion - Name: Stewardship Accounts / Weighting: 10%
Quality criterion - Name: Contract Management / Weighting: 6%
Quality criterion - Name: Systems / Weighting: 5%
Quality criterion - Name: Transition/Mobilisation Plan / Weighting: 12%
Quality criterion - Name: Trustees& Executors / Weighting: 7%
Quality criterion - Name: MAC 7.1 / Weighting: 10%
Price - Weighting: 20%
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2025/S 000-002382
Section five. Award of contract
Contract No
Con_24995
Title
Provision of Investment Services for the Public Trustee
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
30 June 2025
five.2.2) Information about tenders
Number of tenders received: 3
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Charles Stanley & Co. Ltd
Ropemaker Place, 25 Ropemaker Street
London
EC2Y 9LY
CommercialFinancialServices@justice.gov.uk
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,465
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Ministry of Justice
London
Country
United Kingdom