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Fund Accounting Software

Awarded to FIS Capital Markets UK Limited

West Midlands Pension Fund(buyer)

Published
Published 23 March 2026
Deadline
Closed 29 April 2026

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Overview

Wolverhampton City Council, acting as the Administering Authority of the West Midlands Pension Fund, has procured a fund accounting software solution covering supply, installation, and ongoing support and maintenance. The contract delivers an integrated system across all asset classes to enhance automation, transparency, and compliance with upcoming Local Government Pension Scheme reforms. The contract has been awarded to FIS Capital Markets UK Limited for £2,345,000.

Contracting authority

  • 2 live opportunities · 58 awarded contracts

    Wolverhampton, United Kingdom

    GB-PPON: PPVW-9977-PZZP

  • Wolverhampton City Council

    Buyer

    Wolverhampton, United Kingdom

    GB-PPON: PVBV-7568-LBLL

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Key details

Country
United Kingdom
Status
In delivery
Category
Goods
Procedure
Open procedure
Rules
Procurement Act 2023
SME suitable
Yes
Published
23 March 2026
Deadline
Closed
Classification (CPV)
Accounting software package

Award outcome

Awarded value
£2,345,000
Award date
21 October 2026
Contract period
28 February 2027 → 27 February 2030
Contract length
3 years
Could run to
27 March 2032
Bids received
3
Winner
  • FIS Capital Markets UK Limited

This contract ends on 27 February 2030, or 27 March 2032 if every extension is used.

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About the winner

FIS Capital Markets UK Limited

Based in
London
Public contracts won
1
Across UK and EU notices

No other contract from West Midlands Pension Fund under this supplier name in Skim's records.

See every contract FIS Capital Markets UK Limited holds and when each one ends

Competition and scoring

Bids received

3

1 from SMEs

Open and restricted tenders in Software package and information systems drew a median of 3 bids over the last 24 months; 39% received only one.

How bids were scored

Price 20% · Quality 80%

  • Quality50%
  • Price20%
  • Demonstration30%

Price and cost criteria in black, quality in blue.

Market context

Typical award in Software package and information systems

£102,000

Median of 11,509 awards in the last 24 months

This award is 23.0× the median.

West Midlands Pension Fund in the last 12 months

69

contracts awarded, worth £359,657,843 in total

See their procurement profile →

Recent awards in Software package and information systems

The latest contracts other buyers awarded under the same classification.

Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    28 October 2026

  2. Contract Notice

    25 March 2026

  3. Prior Information Notice

    23 March 2026

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