Planning

Insurance Brokerage Request for Information and Early market engagement

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Planning

03 Jun 2026 at 12:56

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The National Wealth Fund Limited, a central government public authority based in Leeds, is preparing for a significant procurement process by seeking information and engaging with the market to understand the scope for insurance brokerage services. The request is part of early market engagement for the tender "Insurance Brokerage Request for Information and Early Market Engagement". The engagement phase is currently in the planning stage, with key dates including a deadline for RFI responses by 30th June 2026 and a potential follow-up period for one-on-one discussions with respondents by mid-August 2026. This initiative aligns with the National Wealth Fund’s strategy to mobilise private capital and support sectors like green hydrogen, carbon capture, and green steel, under the procurement framework Compliant with PA2023, with an estimated brokerage fee contract value of £100,000. The procurement process is set to provide broader sector opportunities as it unfolds through to October 2030 and has options for renewal thereafter.

This tender presents extensive opportunities for businesses, especially those involved in insurance brokerage and financial services, to expand their presence in the public sector. The National Wealth Fund, supported by substantial capital, is seeking innovative and compliant solutions for insurance brokerage. Small and medium-sized enterprises (SMEs) with expertise in insurance policy structuring, market reviews, and compliance with the Procurement Act 2023 are particularly well-suited to engage in this opportunity. The inclusion of the British Business Bank as a potential service recipient could amplify the contract value and extend the scope for business engagement, offering a pathway to influence national priority sectors while strengthening government investment strategies.

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Notice Information

Notice Title

Insurance Brokerage Request for Information and Early market engagement

Notice Description

The National Wealth Fund (NWF) is looking to conduct Early Market engagement with Insurance Brokers in order to understand the market and help shape a future Procurement activity to put in place a contract for insurance brokerage services and subsequently award Insurance policies in a manner that is compliant with the Procurement Act 2023 (PA2023). NWF currently provides Life insurance and Income protection as a benefit to all its employees, with the fund putting in place group policies for both benefits via an insurance broker contract. NWF is looking to understand Brokers ability to undertake market reviews and subsequently award policies in line with the Procurement Act and what, if any, additional support/activity suppliers may require from NWF in order to place these compliantly. British Business Bank (BBB) may also be included as a service recipient to any brokerage contract awarded, to allow them to utilise any contract to undertake placement of policies they may require. Please note, the Total contract value stated reflects the NWF's estimated brokerage fees only. If BBB is included as a service recipient in a future procurement then the Total contract value will be higher to incorporate their brokerage fees.

Planning Information

The National Wealth Fund (“NWF”), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of £27.8 billion, with at least £5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking. Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least £5 million. Why We Are Engaging: NWF is undertaking a Request for Information (RFI) to the market, and may subsequently hold 1-2-1 discussions with respondents, ahead of a future procurement for Insurance brokerage services. The service would need to be capable of awarding insurance policies on behalf of the Fund in a manner compliant with the PA2023. The aim of the engagement is to understand the markets interest in the opportunity, define its requirements and timelines for a subsequent competition to award a contract. Responses and any 1-2-1’s will also be used to determine how brokers can compliantly place policies in line with PA2023 and whether the Fund will need to undertake any further work to facilitate placing these compliantly following a Procurement for a Broker. Any dates or values provided as part of this notice are estimates only and are subject to change depending on wider approvals and feedback to the early market engagement. How to respond: NWF intends to conduct Early Market Engagement ("EME") with the market through this notice with a view to sharing information and seeking input from the market to inform and shape our procurement plans and approach from w/c 8th June 2026 Interested suppliers are invited to submit a written response addressing the questions set out in Schedule 2 of the RFI document. Responses must be submitted via the eSourcing Portal (Atamis) by 12:00 noon on Tuesday 30th June 2026. Clarification questions should be submitted by 12:00 noon on Friday 17th June 2026, with responses issued via a clarifications log. Should the Fund choose to carry out 1-2-1’s with respondents these will take place by mid-August 2026. Respondents can indicate whether they are open to a follow up meeting to discuss feedback they provide as part of their RFI response. Please note that due to time and resource constraints, it may not be possible for NWF to meet with all interested suppliers. In the event that the level of supplier interest in our market engagement activities exceeds our capacity to accommodate individual meetings, we reserve the right to schedule meetings on a first come, first served basis or with a representative sample of those who have submitted requests. NWF takes the view that this will constitute a fair mechanism to ensure that a range of suppliers within the market are represented (e.g., by similar solutions or responses). To ensure transparency and equal treatment, all relevant information shared by NWF with suppliers during these meetings will also be made available to the wider market at a later date. Please note that participation in this engagement will not confer any advantage or preference in relation to any future procurement process. Further information will be able to be found in the documents in Atamis. To access, please register on Atamis, available on the following link:  https://atamis-3929.my.site.com/s/Welcome and search for the opportunity “C1314 - Insurance Brokerage Services - Request for Information”. Atamis guidance: To access user guidance that shows how to access opportunities, create and submit bids and to send clarification requests through the message centre, please click here: https://suppliersupport.atamis.co.uk/hc/en-gb and https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ac80
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/052373-2026
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

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

Notice Dates

Publication Date
3 Jun 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
1 Sep 20263 months to go
Award Date
Not specified
Contract Period
4 Jan 2027 - 31 Oct 2030 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
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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