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File Review

Financial Conduct Authority

This public procurement record has 2 releases in its history.

Award

22 Oct 2026 at 15:28

UK7 - Contract Details Notice
Award

22 Oct 2026 at 15:14

UK6 - Contract Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) commissioned independent assurance and quality-review services for a selection of claim files. The work covers reviewing disputed files, identifying common themes, assessing relevant representations, and delivering written findings and conclusions to support the FCA’s consideration of the matters under review. This is a financial consultancy service, delivered in the United Kingdom. The requirement concerns scrutiny and analysis of claims rather than general financial advice or routine administration.

The procurement is complete and has been awarded to Ernst & Young LLP. The award was made on 31 August 2026, and the contract was signed on 22 October 2026. The contract runs from 22 October to 31 December 2026. Its value is £92,250 excluding VAT (£110,700 including VAT). The FCA used a selective route to award the work under a framework, below the applicable threshold. There was one lot, covering the file-review service. The published description sets out the review tasks and the need for written findings, but does not state a separate scoring or evaluation formula.

For firms tracking this FCA requirement, the award demonstrates demand for independent, structured review of disputed claim files, including analysis of representations and recurring themes, with clear written conclusions for regulatory consideration. A credible competitor would need to show financial consultancy capability, independence and robust quality assurance, alongside the capacity to examine a selected file set consistently and produce evidence-based findings. Experience handling sensitive or contested claims and turning detailed case material into concise, defensible analysis would be relevant to this specific work. The contract was awarded through a framework, so suppliers seeking to compete for a comparable requirement would need a suitable route to market as well as the specialist review capability.

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Notice Information

Notice Title

File Review

Notice Description

This requirement is to provide independent assurance and quality review services in relation to a selection of claim files. The work will include reviewing disputed files, identifying common themes, assessing relevant representations, and providing the FCA with written findings and conclusions to support its consideration of the matters under review.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-078e1b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/100102-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Below threshold - award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£92,250 Under £100K
Contracts Value
£92,250 Under £100K

Notice Dates

Publication Date
22 Oct 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Aug 20261 months ago
Contract Period
22 Oct 2026 - 31 Dec 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Conduct Authority
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
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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