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Insurance File Review

FCA

This public procurement record has 1 release in its history.

Award

22 Jul 2026 at 16:27

Award Notice
Summary of the contracting process

This procurement process, initiated by the Financial Conduct Authority (FCA), pertains to the tender titled "Insurance File Review," under the industry category of insurance consultancy services. The process took place in London, United Kingdom, with key activities concluding with the award stage. Ernst & Young LLP was awarded the contract on 9th January 2026, which was published on 22nd July 2026. The contract is valued at £142,330 and runs from 26th January 2026 to 25th January 2027. Conducted as a selective procurement method, the process was a call-off from a framework agreement, highlighting the FCA’s specific requirements for expertise in ensuring customer fairness during insurance investigations.

This tender, which sought expertise in insurance consultancy, provides opportunities for businesses with specialised skills in performing audit and review functions for financial services. Such tenders offer a gateway for consultancy firms to showcase their ability to support large, regulatory-driven organisations like the FCA. Although the contract does not specifically cater to SMEs or VCSEs, larger consultancy organisations with a proven track record in regulatory support and insurance audits can leverage such opportunities to expand their service offerings and strengthen their market presence in the financial services sector.

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Notice Information

Notice Title

Insurance File Review

Notice Description

Support in carrying out an insurance file review. External firm to perform a file review function for an investigation into whether customers have been treated fairly.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-186945b9-32b4-4d7d-9e1c-3319a907c106
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/88f8fd9a-c777-4b52-987b-cf8ee7f50984
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£142,330 £100K-£500K
Lots Value
Not specified
Awards Value
£142,330 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Jul 20262 weeks ago
Submission Deadline
3 Dec 2025Expired
Future Notice Date
Not specified
Award Date
9 Jan 20266 months ago
Contract Period
26 Jan 2026 - 25 Jan 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FCA
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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