ID 4973874 - DoJ - NICTS - Independent Investment Advisory Service for Court Funds Office
- Published
- 11 March 2024
- Estimated value
- £360,000
- Place of performance
- Client locations within Northern Ireland as required., UKN
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 007713-2024
- Reference
- ocds-h6vhtk-0424e7
- Official source
- Official source
CPV codes
- 66140000Portfolio management services
- 66120000Investment banking services and related services
- 66150000Financial markets administration services
- 66160000Trust and custody services
- 66170000Financial consultancy, financial transaction processing and clearing-house services
- 66152000Financial market regulatory services
- 66000000Financial and insurance services
Description
The Northern Ireland Court Funds Office (CFO) is an office within the Northern Ireland Courts and Tribunals Service (NICTS), an Agency of the Department of Justice (DOJ). The function of CFO is to administer and manage funds which are brought under court control for a variety of reasons. These include: • where money is awarded to a minor in a civil action; • where a person (a patient) is deemed to be incapable of managing their financial affairs because of mental incapacity; • where monies are lodged in satisfaction or against costs as a token of intention to proceed with litigation. CFO appoints an Investment Manager (the Manager) to provide professional investment management services in relation to the investment of these funds. The service includes making investment recommendations for a client’s funds according to the circumstances of the case, operating a sponsored CREST membership for CFO and processing investment transactions as directed. This service is an advisory service only, as funds can only be invested on the direction of the court. Currently, the role of CFO is overseen by the Court Funds Judicial Liaison Group (JLG), which comprises the Accountant General, members o…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Information withheld for security reasons | £360,000 | — |
Official publications
- FTS · 007713-2024 · 11 March 2024
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £360,000.
- Who is the buyer of this tender?
- The contracting authority is Northern Ireland Courts and Tribunals Service (United Kingdom).
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