Live tenders / National Wealth Fund Limited
Insurance Brokerage Services
What the buyer is asking for
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.
How this is scored
Published by the buyer. A winning response is written to these weightings, not to the question.
- 70%qualityTechnicalQuality will be assessed based on the Appendix 7 Technical Response - Award Criteria and Appendix 5 Tender Assessment Methodology. Questions and weightings are as follows: 1) Core Service Delivery - Renewals Process - 25% 2) Core Service Delivery - Compliance with Procurement Act 2023 (PA23) - 15% 3) Supplier Special Terms - 5% 4) Core Service Delivery - Claims Management - 5% 5) Service Flexibility / Added Value - Wider Capabilities - 5% 6) Market Knowledge and Innovation - 5% 7) Social Value - 10%. Additionally suppliers will be asked to complete appendix 12 - Non-Functional Requirements, confirming whether they meet, partially meet or don't meet each Non-Functional Requirement. This will have no weighting but be evaluated on a Pass/Fail basis.
- 30%priceCommercialSuppliers 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.
What you must already have
Conditions of participation. These are pass or fail, so check them before writing anything.
- economic
Please see the conditions of participation in Appendix 6 – Procurement Specific Questionnaire included within the Invitation To Tender document.
- Value
- £300,000
- Submission deadline
- 12 Nov 2026, 12:00 GMT (5 days left)
- Enquiry deadline
- 26 Oct 2026, 12:00 GMT
- Award decision expected by
- 11 Dec 2026, 23:59 GMT
- Contract start
- Not stated
- Contract end
- Not stated
- Category
- services
- Lots
- 1
- Procedure
- Open procedure
- CPV codes
- 66518100
- Legal basis
- 2023/54
How contested is this?
Buyers publish how many bids they received. Across 32 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.
Timeline
4 published dates · Europe/London
- Tender notice published22 days ago15 Oct 2026, 09:43 BST
- Clarification questions by11 days ago26 Oct 2026, 12:00 GMT
- Submission deadlinein 6 days12 Nov 2026, 12:00 GMT
- Award decision expected byin 35 days11 Dec 2026, 23:59 GMT
Commercial outcome and contract awards
Nothing awarded yet
Awards (0)
No award published
Contracts (0)
No contract published
Bid statistics
No aggregate bid statistics published
Notice history
3 events · 3 releases on Find a Tender
- Pipeline or early engagement notice3 Jun 2026, 13:56 BST052373-2026
- Tender notice15 Oct 2026, 09:24 BST097277-2026
- Tender updated15 Oct 2026, 09:43 BST097293-2026
Payment terms
Payment terms will be in accordance with the published procurement documents
Documents
How to bid
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
Submission happens on the buyer's own portal, which needs an account with them. We never handle your portal credentials.