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SE Pension Scheme - Trustee Indemnity Insurance

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

25 Feb 2026 at 00:00

PCS Notice - Website Contract Award Notice
Tender

16 Oct 2025 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

Scottish Enterprise, located in Glasgow, is seeking to appoint a single supplier for a professional insurance brokering service to source Trustee Indemnity Insurance cover for the Scottish Enterprise Pension and Life Assurance Scheme. This procurement process falls under the services category within the economic affairs sector and utilises an open procedure. The procurement process began with a tender stage, which was active until 19 November 2025. The contract, valued at £160,000, was awarded to Marsh Limited, a large-scale supplier based in Cardiff, and was signed on 25 February 2026. The procurement emphasised electronic submissions, with the submission period concluding on 19 November 2025 at 11:00 AM. The services are to be delivered in the UKM region, supported by the Scottish Government.

This tender presents significant opportunities for firms specialising in insurance brokering, particularly those with experience in handling trustee indemnity insurance. The appointed supplier will gain valuable contractual experience while serving a reputable public entity, potentially opening doors to future collaborations within the sector. Well-suited businesses for this tender are those involved in professional services within the insurance market, especially those that can deliver effective and tailored indemnity solutions. It favours enterprises capable of forming consortiums, as evidenced by the contract's provisions for execution by joint ventures. Additionally, the recurring nature of the procurement suggests the potential for long-term engagement, offering stability and growth prospects for the successful supplier.

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Notice Information

Notice Title

SE Pension Scheme - Trustee Indemnity Insurance

Notice Description

The purpose of this Invitation to Tender (ITT) is to appoint a single supplier to deliver a professional insurance brokering service to source Trustee Indemnity Insurance cover for the Scottish Enterprise Pension and Life Assurance Scheme ("the Scheme"). Value quoted covers the broker fees and anticipated policy costs.

Lot Information

Lot 1

The purpose of this Invitation to Tender (ITT) is to appoint a single supplier to deliver a professional insurance brokering service to source Trustee Indemnity Insurance cover for the Scottish Enterprise Pension and Life Assurance Scheme ("the Scheme")

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000812583
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB550382
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£160,000 £100K-£500K

Notice Dates

Publication Date
25 Feb 20266 months ago
Submission Deadline
19 Nov 2025Expired
Future Notice Date
Not specified
Award Date
25 Feb 20266 months ago
Contract Period
Not specified - Not specified
Recurrence
We will be required to retender this service in four years

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Additional Buyers

Scottish Government

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Marsh 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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