Scope
Reference
BCU-FTS-59434
Description
Many of the donations and legacies received by the Charity cannot be spent right away as they need to be accumulated in order to fund the most pressing and relevant items to improve patient care. As a result, the charity invests these contributions in order to earn income and protect their 'real-worth'.
An investment manager is required to manage these investments, in order to maximise the return to the Charity, whilst minimising the risk.
The Charity has adopted an ethical framework for investments with underlying principles supporting an ethical component of the overall investment strategy. This gives direction to the investment manager to develop a suitable investment strategy which is consistent with these ethical principles whilst affording sufficient flexibility to provide the best balance of risk and reward for the Charity.
The current Ethical Investments Policy states:
It is recommended that there is negative exclusion of investment in companies manufacturing and distributing:
- Alcoholic products;
- Tobacco products; and
- Any products which may be considered in conflict with the Health Board's activities.
Investment is not permitted in companies which have a poor record in human rights and child exploitation or which derive their profits from countries with poor human rights records
Contract 1. BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds
Supplier
Contract value
- £199,499 excluding VAT
- £239,400 including VAT
Above the relevant threshold
Award decision date
12 September 2025
Date assessment summaries were sent to tenderers
12 September 2025
Standstill period
- End: 23 September 2025
- 8 working days
Earliest date the contract will be signed
30 September 2025
Contract dates (estimated)
- 1 October 2025 to 30 September 2029
- Possible extension to 30 September 2030
- 5 years
Description of possible extension:
Extension 1 01/10/2028 - 30/09/2029
Extension 2 01/10/2029 - 30/09/2030
Extensions subject to Health Board approval and supplier performance against the contract.
Main procurement category
Services
CPV classifications
- 66000000 - Financial and insurance services
Contract locations
- UKL23 - Flintshire and Wrexham
- UKL13 - Conwy and Denbighshire
- UKL12 - Gwynedd
- UKL11 - Isle of Anglesey
Information about tenders
- 1 tender received
- 1 tender assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 0 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Supplier
Brewin Dolphin Limited
- Public Procurement Organisation Number: PNVB-9923-RRBX
12 Smithfield Street
London
EC1A 9BD
United Kingdom
Email: charities@brewin.co.uk
Region: UKI43 - Haringey and Islington
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. BCU-FTS-59434 - Appointment of Investment Managers for Charitable Funds
Contracting authority
Betsi Cadwaladr University Health Board
- NHS Organisation Data Service: 7A1
Ysbyty Gwynedd, Penrhosgarnedd,
Bangor
LL57 2PW
United Kingdom
Contact name: Gregg Roberts
Email: gregg.roberts@wales.nhs.uk
Website: http://nwssp.nhs.wales/ourservices/procurement-services/
Region: UKL12 - Gwynedd
Organisation type: Public authority - central government
Devolved regulations that apply: Wales
Other organisation
These organisations are carrying out the procurement, or part of it, on behalf of the contracting authorities.
NHS Wales Shared Services Partnership (hosted by Velindre University NHS Trust)
Summary of their role in this procurement: Procurement Lead
- NHS Organisation Data Service: RQF
4-5 Charnwood Court, Heol Billingsley, Parc Nantgarw
Cardiff
CF15 7QZ
United Kingdom
Email: gregg.roberts@wales.nhs.uk
Region: UKL15 - Central Valleys