Section one: Contracting authority/entity
one.1) Name and addresses
BRUNEL PENSION PARTNERSHIP LIMITED
5th Floor 101 Victoria Street
Bristol
BS16PU
Country
United Kingdom
Region code
UKK11 - Bristol, City of
Companies House
10429110
Internet address(es)
Main address
https://www.brunelpensionpartnership.org/
one.4) Type of the contracting authority
Other type
LGPS
one.5) Main activity
Other activity
LGPS
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
LGPS Multi Provider Framework for the Provision of Stewardship Services
two.1.2) Main CPV code
- 66520000 - Pension services
two.1.3) Type of contract
Services
two.1.4) Short description
Provision of stewardship services, including engagement with issuers and voting recommendations.
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: £212,500
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKK - South West (England)
two.2.4) Description of the procurement
A contract was awarded to Hermes Equity Ownership Services Limited ("Hermes") under the National LGPS Framework for the provision of stewardship services, including engagement with issuers and voting recommendations.
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Negotiated without a prior call for competition
- Extreme urgency brought about by events unforeseeable for the contracting authority
Explanation:
Brunel Pension Partnership Limited ("Brunel") intends to extend its existing contract with Hermes for the provision of stewardship services in accordance with Regulation 72(1)(c) on the grounds of strict necessity due to the government's announcement in May 2025 regarding pooling consolidation, which has created an urgent need to maintain continuity of stewardship services across Brunel's pooled assets. Brunel does not believe that any other single provider can deliver the breadth of required services within the necessary timeframe without causing significant operational and governance risks to the business. The services provided by Hermes are integral to Brunel's responsible investment strategy and stewardship obligations, and any disruption would materially impact Brunel's ability to meet its fiduciary and regulatory duties.
The scope and terms of the contract with the incumbent remain unchanged as a result of the contract extension.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract/concession
A contract/lot is awarded: Yes
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract
1 December 2021
five.2.2) Information about tenders
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Hermes Equity Ownership Services Limited
150 Cheapside
London
EC2V 6ET
Country
United Kingdom
NUTS code
- UKI - London
Companies House
05167179
The contractor/concessionaire is an SME
No
five.2.4) Information on value of contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession: £212,500
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Brunel Pension Partnership Limited
Bristol
Country
United Kingdom