---
title: "Group Income Protection Policy"
ocid: "ocds-h6vhtk-04c9b0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c9b0"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c9b0.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c9b0.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NATIONAL WEALTH FUND LIMITED"
published: "2024-12-19"
---

# Group Income Protection Policy

Buyer: NATIONAL WEALTH FUND LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-04c9b0

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## Summary

The National Wealth Fund Limited (NWF) issued an award for a Group Income Protection Policy, classified under the insurance services industry category (CPV 66510000). The procurement location is within the United Kingdom. The tender process was labelled as "complete" and was conducted using a limited procurement method, specifically an award procedure without prior publication of a call for competition due to its below-threshold value. The contract, involving a value of GBP 520,930.80, commenced on 1st September 2023 with Canada Life Limited as the supplier. Notable is the provision for two optional 12-month extensions, with the maximum end date being 31st August 2026. The delayed award notice was issued on 19th December 2024.

This contract presents substantial business growth opportunities, especially for firms specialising in insurance services, looking to secure significant long-term agreements with public entities. Businesses that offer competitive pricing yet maintain high service standards would be well-suited to compete in such tenders. The detailed nature of the Group Income Protection Policy involves consistent and reliable service, appealing to large-scale insurance providers capable of managing extensive client portfolios like those of NWF's staff.

## Notice

Provision of Income Protection Policy

### Lot Information

Lot 1

Group Income Protection Policy for NWF staff.

Options: 2 x 12 month extension options with a maximum end date of 31/08/2026

### Procurement Information

NWF appointed an insurance broker who it was thought had brokered a one year contract for this insurance on behalf of the NWF. This contract was below threshold value and no prior publication was required ahead of contracting. It has recently been uncovered it was a one year contract with 2 optional 12 month extensions and that the first extension has been taken. We are therefore issuing a late award notice.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/041011-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Dec 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 31 Aug 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £520,930 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL WEALTH FUND LIMITED |
| Locality | LEEDS |
| Post town | Leeds |
| Postcode | LS1 4HR |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE4 West Yorkshire |
| ITL 3 | TLE42 Leeds |
| Local authority | Leeds |
| Electoral ward | Hunslet & Riverside |
| Westminster constituency | Leeds South |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CANADA LIFE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66510000 - Insurance services

## Release History

- 19 Dec 2024 at 14:58 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/041011-2024

## Notice URLs

- https://www.nationalwealthfund.org.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-04c9b0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c9b0.json.