--- title: "WMPF Ill Health Insurance" ocid: "ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8.json" source: "Contracts Finder" current_stage: "Award" buyer: "WOLVERHAMPTON CITY COUNCIL" published: "2018-03-27" --- # WMPF Ill Health Insurance Buyer: WOLVERHAMPTON CITY COUNCIL Current stage: Award OCID: ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8.json) ## Summary The Wolverhampton City Council is seeking to procure an insurance policy titled "WMPF Ill Health Insurance" for the West Midlands Pension Fund. This contract aims to cover the financial strain on employers due to member ill health early retirement under the Local Government Pension Scheme (LGPS). The procurement process is at the award stage, as the tender was published on 20th December 2016, and the contract period is set to commence on 1st June 2017 and conclude on 31st May 2021. The total value of the contract is estimated at £200,000, and it falls under the insurance and pension services category, primarily serving the West Midlands region of the United Kingdom. The method of procurement used for this tender was selective, adhering to a restricted procedure. This tender presents significant opportunities for businesses specialising in insurance and pension services, particularly those equipped to handle the complexities involved in providing policies related to employee health risks and retirement benefits. Companies that are well-versed in the regulatory requirements of the LGPS, can offer tailored insurance solutions, and possess a strong track record in public sector contracts would be ideally suited to compete. Engaging with a local authority such as Wolverhampton City Council may also benefit businesses looking to establish or strengthen their presence in the public procurement market. ## Notice The West Midlands Pension Fund is looking to procure an insurance policy to cover the strain cost passed onto participating employers as a result of member ill health early retirement. In the event of an ill-health early retirement in the LGPS, additional liabilities arise in the Fund due to: a) early payment of accrued pension; and b) enhancement of the pension in accordance with LGPS Regulations. There are three tiers of ill health outlined in the Regulations, however only two of these involve enhancement (as below) and it is for these tiers that the Fund is wishing to obtain insurance. Tier 1 - The active member of the scheme is expected to never return to work. The member will receive their accrued pension plus 100% of their expected future service as an 'enhancement' Tier 2 - The active member of the scheme is expected to be unable to work for at least three years. The member will receive their accrued pension plus 25% of their expected future service as an 'enhancement' Additional information: Any questions need to be asked via the e-tendering portal at www.wolverhamptontenders.com. All submissions should also be made at this site. Please ensure you allow sufficient time for submitting your response. This procurement has been abandoned. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fa43bb04-790e-4eb4-9fa1-bcbee1a8cece | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 27 Mar 2018 | | Submission deadline | 23 Jan 2017 | | Future notice date | Not specified | | Award date | 26 Mar 2018 | | Contract period | 31 May 2018 - 31 May 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WOLVERHAMPTON CITY COUNCIL | | Locality | WOLVERHAMPTON | | Post town | Wolverhampton | | Postcode | WV1 1RL | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG39 Wolverhampton | | Local authority | Wolverhampton | | Electoral ward | St Peters | | Westminster constituency | Wolverhampton West | | Delivery location | TLG West Midlands (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | PROCUREMENT ABANDONED | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66500000 - Insurance and pension services ## Release History - 27 Mar 2018 at 11:36 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fa43bb04-790e-4eb4-9fa1-bcbee1a8cece - 27 Mar 2018 at 10:47 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1b464fd8-f11d-427d-8c7e-05f045c6be44 - 20 Dec 2016 at 14:36 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/1b464fd8-f11d-427d-8c7e-05f045c6be44 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/fa43bb04-790e-4eb4-9fa1-bcbee1a8cece 27th March 2018 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/1b464fd8-f11d-427d-8c7e-05f045c6be44 27th March 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/4afe3fd8-ae5d-45d8-bb83-85788e2d4b12 Brief - http://www.wolverhamptontenders.com E-tendering Portal ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-36a51a34-6718-4db5-8b1e-6445316693a8.json.