Award

Employee Benefits

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Award

12 Oct 2020 at 16:55

Summary of the contracting process

The Financial Services Compensation Scheme (FSCS) has completed a tender process for its "Employee Benefits" contract, aimed at providing a range of employee benefits through an online platform. This contract falls under the benefit services category and is valued at £484,000. The procurement method used was an open procedure, and the tender period ended on 29 September 2020. The services required are to be delivered in London, with the contract set to commence on 1 April 2021 and run until 31 March 2024.

This tender presents a significant opportunity for businesses specialising in employee benefits services, such as those offering pension schemes, life assurance, medical insurance, and employee assistance programmes. SMEs with expertise in providing comprehensive benefit solutions online would be particularly well-suited to compete for similar future contracts. The successful supplier, Aon UK Limited, exemplifies the type of large-scale provider capable of fulfilling this contract's requirements, highlighting the potential for growth in this sector.

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Notice Title

Employee Benefits

Notice Description

FSCS is seeking to appoint a single supplier to provide a range of employee benefits via an online employee benefits platform. The agreement shall include but not be limited to the following: - pension, - life assurance, - spouse death in service, - private medical insurance, - income protection, - employee assistance programme, - virtual GP.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ab10d44f-2531-41ba-97fb-a6c2836d19c0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6f9a7a4b-31fb-411e-90c8-e131b377863c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75310000 - Benefit services

Notice Value(s)

Tender Value
£484,000 £100K-£500K
Lots Value
Not specified
Awards Value
£484,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Oct 20205 years ago
Submission Deadline
28 Sep 2020Expired
Future Notice Date
Not specified
Award Date
28 Sep 20205 years ago
Contract Period
31 Mar 2021 - 31 Mar 2024 3-4 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
FINANCIAL SERVICES COMPENSATION SCHEME
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
EC3A 7QU
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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