---
title: "University of Bristol Group Pension Plan Insurances (UBGPP)"
ocid: "ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF BRISTOL"
published: "2024-07-23"
---

# University of Bristol Group Pension Plan Insurances (UBGPP)

Buyer: UNIVERSITY OF BRISTOL  
Current stage: Award  
OCID: ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6

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## Summary

The University of Bristol has recently concluded the procurement process for its Group Pension Plan Insurances (UBGPP), specifically focusing on group life assurance and group income protection services. This procurement, classified under the "Insurance and pension services" category, utilised an open procedure and has now reached the award stage. The tender involved two lots: Lot 1 for life assurance and Lot 2 for income protection. The awarded contracts, starting on 22nd July 2024 and running through to 21st July 2026, may extend by an additional 24 months if required. The procurement is valued at £2,168,032 for the initial two-year period. The services will be delivered in the South West region of the United Kingdom.

This tender presents significant opportunities for businesses in the insurance and pension services industry. With the award already concluded, companies interested in similar future opportunities can benefit from understanding the procurement practices and requirements set by the University of Bristol. Large-scale insurance providers with experience in offering life assurance and income protection for educational institutions would be well-suited to compete in such tenders. Although this particular contract does not favour SMEs or VCSEs, understanding this procurement process can aid in strategic positioning for upcoming tenders in a similar category or with public sector entities.

## Notice

The University of Bristol has awarded 2 contracts for group life assurance and group income protection for members of the University of Bristol Group Pension Plan ('UBGPPP'). The requirement is as follows: Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity Additional information: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Price identified is the total cost of both Lots for the initial 2 year period.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/57443cb0-bdab-4ce8-ade4-f769a08439f9 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jul 2024 |
| Submission deadline | 15 May 2024 |
| Future notice date | Not specified |
| Award date | 1 Jul 2024 |
| Contract period | 21 Jul 2024 - 21 Jul 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,168,032 |
| Lots value | Not specified |
| Awards value | £2,168,032 |
| 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 | UNIVERSITY OF BRISTOL |
| Locality | BRISTOL |
| Post town | Bristol |
| Postcode | BS1 5DS |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK5 West of England |
| ITL 3 | TLK51 Bristol, City of |
| Local authority | Bristol, City of |
| Electoral ward | Central |
| Westminster constituency | Bristol Central |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | AVIVA LIFE & PENSIONS; UNUM |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 23 Jul 2024 at 14:13 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/57443cb0-bdab-4ce8-ade4-f769a08439f9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/57443cb0-bdab-4ce8-ade4-f769a08439f9
  23rd July 2024 - Awarded contract notice on Contracts Finder

## 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-e64d5f8a-395c-490b-b267-c41d8d5a88e6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e64d5f8a-395c-490b-b267-c41d8d5a88e6.json.