- Value
- £300k
- Closes
- 12 Nov 2026 (4 days)
- Where
- Yorkshire and the Humber
- Lots
- 1
- Suitable for SMEs
- Yes, says the buyer
- Contract
- 1 Feb 2027 – 30 Sep 2030
In plain English
National Wealth Fund Limited wants an insurance broker to arrange and manage Group Life Assurance and Group Income Protection policies for its staff, placing them on a guaranteed rate for 2-3 years and handling claims and market reviews afterwards. The contract runs from 1 February 2027 to 30 September 2030 and may also be used by British Business Bank PLC for other insurance needs.
Good fit for: Insurance brokerage firms experienced in placing and managing group life and income protection policies for employers.
Written with AI from the official notice. Check the notice before relying on it.
What the buyer says
The National Wealth Fund (“the Fund”) currently provides Life Assurance and Income protection as benefits to all its employees, with the Fund putting in place group policies for both benefits via an insurance broker contract. The Fund is looking to put in place a new contract for Insurance Brokerage Services to award and manage the placement of future Group Income protection and Group Life Assurance Insurance policies on its behalf. These policies will need to be placed in a manner that is compliant with the Procurement Act 2023 (PA23). It is anticipated that these new group policies will be put in place with a guaranteed rate of 2-3 years (to be agreed with the successful supplier). Following the award of these policies the successful supplier will be required to manage any claims on behalf of the Fund on an annual basis, advise on any market changes that may impact the Fund's policies and make recommendations on whether to keep existing policies or undertake a new PA23 compliant market assessment to put in place new policies. CONTRACTING AUTHORITIES THAT MAY USE THIS CONTRACT: National Wealth Fund Limited British Business Bank PLC British Business Bank (BBB) may also look utilise the brokerage services under the awarded contract as a service recipient to put in place future insurance requirements in a PA23 compliant manner. They currently have the insurance policies below, however please note this is shared for awareness only and Suppliers are not expected or required to be able to act as a Broker for all of these: • Employers liability insurance • Professional Indemnity • Cyber • Travel • Life • Private medical • Credit risk The total contract value declared in this notice takes into account the possibility of BBB utilising this contract, and should not be as a comm…
Getting the documents
atamis-3929.my.site.com/s/Welcome (the buyer's own site, usually free to register).
Procedure: Open procedure (Open: anyone can bid, in one stage). Published 15 Oct 2026.
What similar contracts went for
Similar contracts went for £200k to £352k (2 since 2026; 1 won by small firms).
| Contract | Won by | Value | Awarded |
|---|---|---|---|
| Insurance brokerage services Health Data Research UK | W. Denis (Insurance Brokers) PLC SME | £200k | 24 Aug |
| Contract for the Provision of Insurance Brokerage and Associated Services Northern Ireland Assembly Commission | Arthur J Gallagher Insurance Brokers | £352k | 6 Jan |
From the award notices on Find a Tender and Public Contracts Scotland. Values are as each notice states them and cover the contract's whole term: most notices give the value before VAT, but about one in seven gives only a figure including VAT. AI picked these as the same kind of work and can be wrong, so check what each one included before you price.
Similar open tenders
- Digital Marketplace · Yorkshire Purchasing Organisation · closes 11 Nov
- Athlete Medical Scheme (AMS) · The United Kingdom Sports Council · closes 11 Nov
- GSENZH Lead Financial Advisor · Cambridgeshire and Peterborough Combined Authority · closes 12 Nov
- Financial Advisor. · Great British Energy - Nuclear · closes 12 Nov
- UK4 Tender Notice - 715869481/715926479 - DOEA/0084-ShipVetting 2027-2032 · Ministry of Defence · closes 12 Nov
Want tenders like this, matched to your firm?
Winnable emails the few new tenders that fit you each weekday, with the catch spelled out. £29/month after a 14-day free trial (no card needed).