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TENDER Active Services

Insurance Brokerage Services

Published 15 Oct 2026
15 Oct 2026
Deadline in 23 days


Reference: C1374
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 commitment or guarantee of the level of spend under any subsequent contract.

Full CPV breakdown

  • 66518100 — Insurance brokerage services (primary)

Notice details

Buyer type
Local authority
Competition
Open competition (any supplier can bid)
Contract type
Services
Procurement method
Open procedure
Main category
Services
Above threshold
Yes
Legal basis
UKPGA 2023/54
Notice status
Active
Renewal
2 optional 12 month extensions are included in the contract, subject to performance.
Options
NA
Submission method
This opportunity will go live on Thursday 15th October 2027. To gain access to the documentation and submit your proposal for this opportunity, please register on Atamis, available on the following link: https://atamis-3929.my.site.com/s/Welcome. Suppliers should follow the steps below to locate and register interest in opportunities: 1. Find Opportunities: Navigate to “Find Opportunities” to view all available opportunities. 2. Select an Opportunity: Click on the opportunity you are interested in to view further details. 3. Register Interest: Select “Register Interest”. Click “Confirm” to complete your registration. 4. Accessing the Opportunity: Once registered, the opportunity will appear under “My Proposals and Quotes”. Please note this may take a few minutes to populate. Once the opportunity is visible, suppliers can click into the tender to view the tender details and requirements, download procurement documents, raise clarification questions (via the messaging function), and submit their final tender response. 5. Viewing Opportunities: Within “My Proposals and Quotes”, you can view: opportunities you have registered interest in, and opportunities you have been directly invited to. Important: Suppliers must be registered on the platform before they are able to download procurement documents. ATAMIS GUIDANCE To access user guidance that shows how to access opportunities, create and submit bids and to send clarification requests through the message centre, please click here: https://suppliersupport.atamis.co.uk/hc/en-gb https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf The tender documents provided are as follows, with associated appendixes:- • Invitation to Tender • Appendix 1 - Glossary • Appendix 2 - Rules of Procurement • Appendix 3 - Specification • Appendix 4 - Contract • Appendix 5 - Tender Assessment Methodology • Appendix 6 - Procurement Specific Questionnaire • Appendix 7 - Technical Envelope Response, Award Questionnaire • Appendix 8 - Commercial Envelope Response, Pricing Template • Appendix 9 - Confidential & Commercially Sensitive Information • Appendix 10 - Form of Tender • Appendix 11 - Tender Response Checklist • Appendix 12 – Non-Functional Requirements Please note that, as part of your response to Appendix 6: Procurement Specific Questionnaire, your organisation must be registered on the Central Digital Platform (CDP) and hold an active account containing complete, accurate, and up to date organisational information. You will be required to generate a Share Code for sharing with NWF and to download your supplier information file for onward submission to NWF. If you are unfamiliar with the CDP, please refer to the guidance here: https://www.gov.uk/government/publications/procurement-act-2023-short-guides/suppliers-how-to-register-your-organisation-and-first-administrator-on-find-a-tender-in-three-easy-steps-html#step-3-declare-and-share
Enquiries close
26 Oct 2026
Award decision expected
11 Dec 2026
Language
EN
Published
15 Oct 2026 09:24
Deadline
12 Nov 2026 12:00
OCID
ocds-h6vhtk-06ac80
Notice ID
C1374

Everything the publisher included in this notice, organised by section.

Organisations

Name National Wealth Fund Limited
Address › Street 2 Whitehall Quay, Leeds, LS1 4HR
Address › Town / city Leeds
Address › Postcode LS1 4HR
Address › Country GB
Address › Country United Kingdom
Address › Region (NUTS) UKE42
Contact › Name Freddie Hudson-Evans
Contact › Email procurement@nationalwealthfund.org.uk
Role buyer
Link https://atamis-3929.my.site.com/s/Welcome
Classification › Description Public authority - sub-central government

Buyer

Name National Wealth Fund Limited

Tender

Title Insurance Brokerage Services
Status active
Item › CPV › Description Insurance brokerage services
Item › Delivery › Region (NUTS) UK
Item › Delivery › Country GB
Item › Delivery › Country United Kingdom
Value › Value incl. VAT £360,000
Value › Value £300,000
Value › Currency GBP
Procedure type open
Procedure Open procedure
Category services
Above threshold Yes
Submission Terms › Electronic submission allowed
Submission Terms › Languages en
Bidding period › End 12 Nov 2026
Questions period › End 26 Oct 2026
Award decision period › End 11 Dec 2026
Lot › Status active
Lot › Value › Value incl. VAT £360,000
Lot › Value › Value £300,000
Lot › Value › Currency GBP
Lot › Award criteria › Criterion › Criterion 1 › Type quality
Lot › Award criteria › Criterion › Criterion 1 › Name Technical
Lot › Award criteria › Criterion › Criterion 1 › Weighting › Weight 70
Lot › Award criteria › Criterion › Criterion 1 › Weighting › Weight type Percentage exact
Lot › Award criteria › Criterion › Criterion 2 › Type price
Lot › Award criteria › Criterion › Criterion 2 › Name Commercial
Lot › Award criteria › Criterion › Criterion 2 › Description Suppliers are asked to complete Appendix 8 - Pricing template, providing a fixed price for the initial PA23 compliant market reviews for the Funds Insurance requirements, the subsequent award and the Annual fee for the management claims handling which arise under the policies. Pricing for optional additional services, and for the compliant placement off additional policies are also sought. Full details of the commercial assessment are available in Appendix 5 – Insurance Brokerage Services - Tender Assessment Methodology and Appendix 8 - Pricing Template.
Lot › Award criteria › Criterion › Criterion 2 › Weighting › Weight 30
Lot › Award criteria › Criterion › Criterion 2 › Weighting › Weight type Percentage exact
Lot › Selection Criteria › Criterion › Type economic
Lot › Selection Criteria › Criterion › Description Please see the conditions of participation in Appendix 6 – Procurement Specific Questionnaire included within the Invitation To Tender document.
Lot › Suitable for › SMEs Yes
Lot › Contract period › Start 1 Feb 2027
Lot › Contract period › End 30 Sep 2030
Lot › Contract period › Can be extended to 30 Sep 2032
Lot › Can be renewed Yes
Lot › Renewal › Description 2 optional 12 month extensions are included in the contract, subject to performance.
Lot › Has options Yes
Lot › Options › Description NA
Document › Document 1 › Document type Conflict of interest
Document › Document 2 › Document type Tender notice
Document › Document 2 › Description Tender notice on Find a Tender
Document › Document 2 › Link https://www.find-tender.service.gov.uk/Notice/097277-2026
Document › Document 2 › Published 15 Oct 2026
Contract Terms › Financial Terms Payment terms will be in accordance with the published procurement documents
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