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    ContractsInsurance Brokerage Services and Early Market Engagement
    Open tender

    Insurance Brokerage Services and Early Market Engagement

    Contract value
    £100k
    Published 3 Jun 2026

    The National Wealth Fund seeks insurance brokers for early market engagement to shape a compliant brokerage services procurement process for employee life and income protection benefits.

    🇬🇧United Kingdom· EnglandPublished 3 Jun 2026· 3 months agoviaFind a Tender
    Contract value
    £100k
    Published 3 Jun 2026

    Decision brief

    4 fields
    • Contract value
      £100,000indicative
      Pounds sterling
    • Closing date
      Rolling
      No closing date published
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      England

    Lifecycle

    Open

    Open tender — no closing date published. Opened 3 months ago.

    3 June 2026
    Open tender · no closing date published

    Brief

    The National Wealth Fund (NWF) is seeking to engage with insurance brokers for early market consultation to develop a compliant procurement process for insurance brokerage services under the Procurement Act 2023. NWF currently provides Life Insurance and Income Protection benefits to employees through group policies managed via an insurance broker contract. This engagement aims to understand brokers' capabilities in conducting market reviews, awarding policies compliantly, and identifying any support NWF must provide to ensure regulatory compliance. The British Business Bank (BBB) may be included as an additional service recipient in any future awarded contract, enabling them to access brokerage services for their own policy placement needs. The stated contract value represents NWF's estimated brokerage fees only; inclusion of BBB as a service recipient will increase the total contract value to incorporate their brokerage fees. Interested suppliers should demonstrate experience in Procurement Act 2023 compliant market review and policy award processes.

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    Take action
    View tender on sourceFind a Tender

    Full notice and submission process on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-06ac80
    NW
    Buyer
    NATIONAL WEALTH FUND LIMITED
    Sector
    Financial Services