Group Income Protection
Description: The objective of this procurement is to procure a new Group Income Protection for the Employees of the Money and Pensions Service (MAPS) to enhance the Employee Benefits currently offered and to provide financial certainty for the authority for these exposures. Bidders are invited to submit quotations for a contract term of 5 years where the price is fixed in the first two years and will thereafter be subject to mutual agreement and to align with the staff levels projected as above.
Summary: The Money and Pensions Service, a public authority under central government, is initiating a procurement process titled "Group Income Protection" aimed at enhancing employee benefits for its staff. This tender falls under the category of services related to insurance and pension services, located in the United Kingdom, specifically the UKH24 region. The process is currently in the tender stage, with the deadline for bid submissions set for 23rd January 2026. The procurement method is open, employing a competitive flexible procedure to engage bidders over two stages, ensuring the quality and cost of proposals are rigorously assessed.