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Group Income Protection

MONEY AND PENSIONS SERVICE

This public procurement record has 2 releases in its history.

Award

05 Jun 2026 at 14:30

UK6 - Contract Award Notice
Tender

17 Dec 2025 at 20:22

UK4 - Tender Notice
Summary of the contracting process

The Money and Pensions Service, a central government public authority based in Bedford, United Kingdom, has completed a procurement process titled "Group Income Protection". This process falls under the industry category of life insurance services, specifically aimed at providing group income protection for its employees. The procurement process was carried out using an open, competitive flexible procedure and has reached the award stage as of 5th June 2026. The awarded contract, valued at £932,939.50, is pending confirmation and will commence on 18th June 2026, lasting until 17th June 2029, with possible extensions up to 2031.

This tender presents significant business growth opportunities, especially for companies involved in insurance and financial services. Firms like large insurance brokers and providers of employee benefits could find this contract appealing as it involves delivering consistent financial certainty and protection packages. The process welcomed bids from a range of businesses, with an emphasis on the cost of services and the ability to meet detailed coverage requirements. Small to medium-sized enterprises were also able to compete at the final stage, indicating inclusivity in the tendering process. Successful bidders would benefit from increased visibility and the prestige of working with a central government authority, which could lead to further business opportunities in the public sector.

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Notice Information

Notice Title

Group Income Protection

Notice Description

Group Income Protection for Employees

Lot Information

Lot 1

Renewal: option to renew for a further 3 years at a minimum annual intervals.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f868
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/053390-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

66511000 - Life insurance services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
£932,939 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jun 20262 months ago
Submission Deadline
23 Jan 2026Expired
Future Notice Date
Not specified
Award Date
5 Jun 20262 months ago
Contract Period
18 Jun 2026 - 17 Jun 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BEDFORD
Postcode
MK42 9AB
Postcode Area
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
TLH24 Bedford
Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

J.M. GLENDINNING (INSURANCE BROKERS) LIMITED

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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