Award

Group Income Protection Policy (Core Benefits)

NATIONAL WEALTH FUND LIMITED

This public procurement record has 3 releases in its history.

AwardUpdate

15 Oct 2025 at 13:40

AwardUpdate

19 Dec 2024 at 15:32

Award

01 Mar 2024 at 07:47

Summary of the contracting process

The procurement process for the "Group Income Protection Policy (Core Benefits)" was conducted by the NATIONAL WEALTH FUND LIMITED, located in Leeds, United Kingdom. This initiative falls within the insurance and pension services industry category. The procurement method used was selective, specifically a call-off from a framework agreement. The procurement covered services to be delivered across the United Kingdom, with the contract period stretching from 1st September 2023 to 31st August 2025. The latest award update as of 15th October 2025, included a contract value of £572,571.94 and was made to Canada Life Limited.

This tender represents a significant business growth opportunity, especially for small and medium-sized enterprises (SMEs), given the suitability of the procurement process. Companies involved in the provision of employee benefits and insurance services, particularly those experienced with framework agreements and service delivery across the UK, would find this contract beneficial. Engaging in such procurement contracts can expand a company’s service portfolio, enhance their credibility within the industry, and potentially lead to more substantial future contracts within the public sector.

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Notice Title

Group Income Protection Policy (Core Benefits)

Notice Description

Employee benefit.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-923c8f6b-69d7-4ac6-a39d-2ba8547fec49
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bd340670-d821-4403-bb6d-59e413018e43
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£572,571 £500K-£1M
Lots Value
Not specified
Awards Value
£572,571 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Oct 20254 months ago
Submission Deadline
30 Aug 2023Expired
Future Notice Date
Not specified
Award Date
30 Aug 20232 years ago
Contract Period
31 Aug 2023 - 31 Aug 2025 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Additional Buyers

UK INFRASTRUCTURE BANK LIMITED

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

CANADA LIFE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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