Award

Insurance Brokerage Services

THE PENSIONS REGULATOR

This public procurement record has 1 release in its history.

Award

06 Dec 2024 at 11:45

Summary of the contracting process

The Pensions Regulator is seeking to establish a contract for the provision of Insurance Brokerage Services under the financial and insurance services category. The procurement process has reached the Award stage, with the contract awarded to FORUM FINANCE LIMITED Trading as Forum Insurance. The contract, valued at £50,000, is set to commence on 1 April 2025 and will run until 31 March 2026, with the possibility of three 12-month extensions. The services will cater to locations including British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom.

This tender represents a significant opportunity for businesses, particularly SMEs, in the insurance sector. By being selectively procured through a call-off from a framework agreement, it offers a stable and potentially long-term partnership with The Pensions Regulator. Companies with expertise in financial and insurance services are well-suited to compete and benefit from the contract's considerable scope and geographical reach, leading to robust business growth and expansion in new markets.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Insurance Brokerage Services

Notice Description

Provision of Insurance Brokerage Services to The Pensions Regulator. This contract also includes 3 x 12 month optional extensions. Each extension has an estimated contract value of PS50,000 The contract value shown includes both Insurance Premiums and Brokerage Fees.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dedaa393-9324-4093-9d53-c35ef55888ec
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6b6b53f2-ca19-4eff-b6e1-a3488bbf66af
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Dec 20241 years ago
Submission Deadline
8 Nov 2024Expired
Future Notice Date
Not specified
Award Date
12 Nov 20241 years ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE PENSIONS REGULATOR
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRIGHTON
Postcode
BN1 6AF
Post Town
Brighton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ21 Brighton and Hove
Delivery Location
Not specified

Local Authority
Brighton and Hove
Electoral Ward
Preston Park
Westminster Constituency
Brighton Pavilion

Supplier Information

Number of Suppliers
1
Supplier Name

FORUM FINANCE LIMITED TRADING AS FORUM INSURANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-dedaa393-9324-4093-9d53-c35ef55888ec-2024-12-06T11:45:09Z",
    "date": "2024-12-06T11:45:09Z",
    "ocid": "ocds-b5fd17-dedaa393-9324-4093-9d53-c35ef55888ec",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_454934/1433028",
        "title": "Insurance Brokerage Services",
        "description": "Provision of Insurance Brokerage Services to The Pensions Regulator. This contract also includes 3 x 12 month optional extensions. Each extension has an estimated contract value of PS50,000 The contract value shown includes both Insurance Premiums and Brokerage Fees.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "BN1 6AF"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 50000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2024-11-08T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-04-01T00:00:00+01:00",
            "endDate": "2026-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-258040",
            "name": "The Pensions Regulator",
            "identifier": {
                "legalName": "The Pensions Regulator"
            },
            "address": {
                "streetAddress": "Telecom House, 125-135 Preston Road",
                "locality": "Brighton",
                "postalCode": "BN1 6AF",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "aprocurement@tpr.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-303325",
            "name": "FORUM FINANCE LIMITED Trading as Forum Insurance",
            "identifier": {
                "legalName": "FORUM FINANCE LIMITED Trading as Forum Insurance"
            },
            "address": {
                "streetAddress": "SAI MAA HOUSE, 181 Kenton Road, Harrow, HA3 0EY"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-258040",
        "name": "The Pensions Regulator"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-dedaa393-9324-4093-9d53-c35ef55888ec-1",
            "status": "active",
            "date": "2024-11-12T00:00:00Z",
            "datePublished": "2024-12-06T11:45:08Z",
            "value": {
                "amount": 50000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-303325",
                    "name": "FORUM FINANCE LIMITED Trading as Forum Insurance"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-04-01T00:00:00+01:00",
                "endDate": "2026-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/6b6b53f2-ca19-4eff-b6e1-a3488bbf66af",
                    "datePublished": "2024-12-06T11:45:08Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}