Award

SU32(26) Group Income Protection Policy

SWANSEA UNIVERSITY

This public procurement record has 1 release in its history.

Award

23 Oct 2025 at 11:41

Summary of the contracting process

The procurement process for the "SU32(26) Group Income Protection Policy" has been completed by Swansea University, a public authority operating under Welsh devolved regulations. The procurement was handled via a direct method, below the threshold without competition, specifically aiming to provide a Group Income Protection (GIP) policy for the university's Defined Contribution arrangement. Legal and General Assurance Society Ltd has been awarded the contract, which falls within the services category, particularly financial and insurance services. Key contract dates include a start date on 15th October 2025 and an end date on 31st July 2026, with the total contract value standing at £101,897.27.

This tender presents significant opportunities for large and medium-sized businesses specialising in financial and insurance services, particularly those with capabilities in providing comprehensive income protection solutions. While the awarded contract underscores the potential benefits for well-established firms like Legal and General Assurance Society Ltd, it simultaneously highlights the need for smaller businesses to strive for inclusion in future direct award processes by enhancing their service offerings and building stronger networks within public sector procurement channels. Engaging in similar opportunities can foster business growth and expand market reach, particularly for those situated within the UK services industry landscape.

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Notice Title

SU32(26) Group Income Protection Policy

Notice Description

Group Income Protection (GIP) policy for Swansea University's Defined Contribution arrangement

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05d265
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/067787-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£101,897 £100K-£500K

Notice Dates

Publication Date
23 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
14 Oct 20254 months ago
Contract Period
14 Oct 2025 - 31 Jul 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SWANSEA UNIVERSITY
Contact Name
Not specified
Contact Email
procurement@swansea.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
SWANSEA
Postcode
SA2 8PP
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL43 Swansea
Delivery Location
Not specified

Local Authority
Swansea
Electoral Ward
Sketty
Westminster Constituency
Swansea West

Supplier Information

Number of Suppliers
1
Supplier Name

LEGAL AND GENERAL ASSURANCE SOCIETY

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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