---
title: "University of Bristol Group Pension Plan Insurances (UBGPP)"
ocid: "ocds-h6vhtk-045281"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-045281"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-045281.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-045281.json"
source: "Find A Tender Service"
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-h6vhtk-045281

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## Summary

The University of Bristol has successfully completed the procurement process for group life assurance and group income protection for members of its Group Pension Plan (UBGPP). The awarded contracts, valued at £5 million, cover an initial term of 24 months with an option to extend for an additional 24 months, totalling up to 48 months. The procurement falls under the insurance and pension services industry category and was conducted through an open procedure. Both lots, Life Assurance and Income Protection Insurance, are based in the UK with contracts signed on 16th and 17th May 2024 respectively. Key suppliers include Unum UK and Aviva Life & Pensions Ltd.

This tender provides significant opportunities for businesses in the insurance sector, particularly those offering life assurance and income protection services. Companies with robust capabilities in providing comprehensive insurance solutions regulated by the Financial Conduct Authority will find this project beneficial for expanding their business operations. Additionally, as the contracts are subject to renewal and re-procurement prior to the 48-month expiry, there is ongoing potential for extended business engagements with the University of Bristol, making it a lucrative opportunity for well-suited firms.

## Notice

The University of Bristol have 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

### Lot Information

Life Assurance

Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; 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.

Renewal: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Prior to the 48 months the intention is to re-procure the requirement before expiry of the contract being tendered.

Income Protection Insurance

To provide members 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.

Renewal: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Prior to the 48 months the intention is to re-procure the requirement before expiry of the contract being tendered.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/022877-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jul 2024 |
| Submission deadline | 16 May 2024 |
| Future notice date | Not specified |
| Award date | 15 May 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £5,000,000 |
| Lots value | £5,000,000 |
| Awards value | Not specified |
| Contracts value | £2,500,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | Not specified |

## 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 14:15 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/022877-2024
- 16 Apr 2024 at 09:21 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/012286-2024

## Notice URLs

- http://www.bristol.ac.uk
- https://tenders.bris.ac.uk

## 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-h6vhtk-045281. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-045281.json.