Planning

Employee Benefits Service

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Planning

07 Apr 2026 at 16:30

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Financial Services Compensation Scheme (FSCS), a sub-central public authority in London, is initiating a procurement process for Employee Benefits Services. This process is currently in the planning stage, with a preliminary market engagement that invites interested suppliers to express their interest by 2pm on 20th April 2026 via the Delta eSourcing portal. The contract, valued at GBP 1,000,000, is set within the services category, specifically under benefit services, and will cover a contract period starting from 1st October 2026 to 30th September 2029, with potential renewal extending until 2033. The procurement is structured to comply with the UK's Procurement Act 2023. FSCS, located at The St Botolph Building in London, functions to provide compensation for customers of failed financial services firms.

This tender presents substantial opportunities for businesses specialising in employee benefits. Suppliers with expertise in comprehensive benefit package design and implementation have the potential to establish long-term relationships with a leading public sector entity. The preliminary market engagement serves as an invaluable opportunity to influence future requirements and procurement approaches. This phase does not guarantee an invitation to a formal competition but offers insights and the ability to shape service delivery standards. Such opportunities would suit companies that specialise in innovative and scalable employee benefits solutions, providing a platform for strategic growth within the public sector market.

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Notice Information

Notice Title

Employee Benefits Service

Notice Description

The Financial Services Compensation Scheme (FSCS) is conducting preliminary market engagement in connection with a proposed contract for Employee Benefits Services. FSCS is the UK's statutory compensation scheme for customers of failed authorised financial services firms. FSCS is subject to the Procurement Act 2023. FSCS is seeking a contract for Employee Benefits Services, including undertaking a review of the range, extent and structure of their benefit package programme to employees. This notice does not constitute a call for competition or a commitment to run a competitive procurement. No contractual relationship will arise from participation in this market engagement exercise. FSCS reserves the right to modify its requirements, draft Contract, or procurement approach in light of the responses received. To view FSCS draft contract notice and specification, please click here: https://www.delta-esourcing.com/tenders/UK-UK-London:-Benefit-services./MDHC633774

Planning Information

Interested suppliers should register their interest in this preliminary market engagement exercise by contacting FSCS via the messaging function of our eSourcing portal; Delta (https://www.delta-esourcing.com/tenders/UK-UK-London:-Benefit-services./MDHC633774) by 2pm on Monday 20th April 2026. Upon registration, suppliers will be access the specification, supplier questionnaire and a copy of the draft Contract. Next steps: Following the conclusion of the preliminary market engagement exercise, FSCS will consider feedback received and, where appropriate and if deemed necessary at the sole discretion of FSCS, take into account the results of the exercise when deciding how to proceed with the contract. Note: Participation in this market engagement exercise does not guarantee inclusion in any subsequent formal procurement process. FSCS will not reimburse any costs incurred by suppliers in participating in this engagement exercise. All communications during the market engagement period should be directed to the messaging function on the portal only.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067d65
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031667-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75310000 - Benefit services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Apr 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
20 Apr 2026Expired
Award Date
Not specified
Contract Period
30 Sep 2026 - 30 Sep 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

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 7AW
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
Aldgate
Westminster Constituency
Cities of London and Westminster

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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