Award

TEN-2526-024 (PCR15) Insurance Broker

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

18 Dec 2025 at 11:04

Summary of the contracting process

The procurement process, managed by the National Employment Savings Trust (NEST), was focused on acquiring insurance brokerage and associated support services under the title "TEN-2526-024 (PCR15) Insurance Broker". This opportunity, categorised under the insurance brokerage services industry, was a call-off from a framework agreement, deploying a selective procurement method. Although the tender stage has been completed, the award was officially made on 27th October 2025 to Marsh Limited, with the contract valued at £800,000. The services will be required at various locations, including the United Kingdom and other international regions, from 30th November 2025 through 30th November 2030.

This tender provides significant opportunities for businesses within the insurance brokerage sector, particularly those capable of fulfilling extensive international service requirements. Small and medium-sized enterprises (SMEs) can also consider competing for similar future opportunities as NEST shows willingness to engage with such entities. The established framework and substantial contract value signify an excellent opportunity for well-positioned firms to expand their portfolio and enhance their reputation by partnering with a prominent organisation like NEST.

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Notice Title

TEN-2526-024 (PCR15) Insurance Broker

Notice Description

Provision of insurance brokerage and associated support services which include placing of and advice on a range of insurance policies.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ab01d99c-d3c4-4200-b799-832b19a94055
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/527a21cf-ce8b-4431-8e52-7a9650a86b20
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518000 - Insurance brokerage and agency services

Notice Value(s)

Tender Value
£705,000 £500K-£1M
Lots Value
Not specified
Awards Value
£800,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20252 months ago
Submission Deadline
8 Oct 2025Expired
Future Notice Date
Not specified
Award Date
27 Oct 20254 months ago
Contract Period
30 Nov 2025 - 30 Nov 2030 Over 5 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 EMPLOYMENT SAVINGS TRUST (NEST)
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
E14 4PU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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