Source: https://tendernation.io/opportunities/01a13be0-5d21-72fc-9335-acb68a11ee2a/insurance-brokerage-services Open for bids GB open procedure Suitable for SMEs # Insurance Brokerage Services [National Wealth Fund Limited](https://tendernation.io/buyers/national-wealth-fund-limited) Estimated value £300,000 Published 3 Jun 2026 Deadline 24 days left 12 Nov 2026 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender The National Wealth Fund (“the Fund”) currently provides Life Assurance and Income protection as benefits to all its employees, with the Fund putting in place group policies for both benefits via an insurance broker contract. The Fund is looking to put in place a new contract for Insurance Brokerage Services to award and manage the placement of future Group Income protection and Group Life Assurance Insurance policies on its behalf. These policies will need to be placed in a manner that is compliant with the Procurement Act 2023 (PA23). It is anticipated that these new group policies will be put in place with a guaranteed rate of 2-3 years (to be agreed with the successful supplier). Following the award of these policies the successful supplier will be required to manage any claims on behalf of the Fund on an annual basis, advise on any market changes that may impact the Fund's policies and make recommendations on whether to keep existing policies or undertake a new PA23 compliant market assessment to put in place new policies. CONTRACTING AUTHORITIES THAT MAY USE THIS CONTRACT: National Wealth Fund Limited ### British Business Bank PLC British Business Bank (BBB) may also look utilise the brokerage services under the awarded contract as a service recipient to put in place future insurance requirements in a PA23 compliant manner. They currently have the insurance policies below, however please note this is shared for awareness only and Suppliers are not expected or required to be able to act as a Broker for all of these: - Employers liability insurance - Professional Indemnity - Cyber - Travel - Life - Private medical - Credit risk The total contract value declared in this notice takes into account the possibility of BBB utilising this contract, and should not be as a commitment or guarantee of the level of spend under any subsequent contract. Read full description ## CPV classification Insurance brokerage services Source Find a Tender (UK) · Notice ocds-h6vhtk-06ac80-2026-06-03T13:56:14+01:00 [View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-06ac80-2026-06-03T13:56:14+01:00) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile National Wealth Fund Limited: past awards and live tenders](https://tendernation.io/buyers/national-wealth-fund-limited) [Sector More Financial & insurance services tenders](https://tendernation.io/sectors/financial-insurance-services) ## More tenders like this [Insurance services – ct2380/2026 - framework contract for the appointment of an insurance broker and the provision of various insurance covers for the BCA · Department of Contracts · 34 days left · 23 Nov 2026](https://tendernation.io/opportunities/01a15183-16cc-7299-ab7b-6155fb799fa5/malta-insurance-services-ct23802026-framework-contract-for-the-appointmen) [Places for People Group Insurance · Places for People Group Limited · 11 days left · 30 Oct 2026](https://tendernation.io/opportunities/01a13bec-2193-71e2-8554-934895d5ff53/places-for-people-group-insurance) [Provision of Insurance Brokerage and related Services to Papworth Trust · Papworth Trust · 14 days left · 2 Nov 2026](https://tendernation.io/opportunities/01a13beb-b91f-7044-8b44-c01166f9f0f4/provision-of-insurance-brokerage-and-related-services-to-papworth-trust) [NHFM Insurance Brokerage · Northumbria Healthcare Facilities Management · 9 days left · 28 Oct 2026](https://tendernation.io/opportunities/01a13bec-06ce-735a-aafe-978856ffb6f9/nhfm-insurance-brokerage) [Insurance Procurement · Local Space · 25 days left · 13 Nov 2026](https://tendernation.io/opportunities/01a14427-99f2-714c-89ff-b2d3a77e9b3d/insurance-procurement) [Insurance and Risk Related Services to Ardenglen Housing Association Limited · Ardenglen Housing Association Ltd · 24 days left · 12 Nov 2026](https://tendernation.io/opportunities/01a13b92-b58c-716d-96b0-b573ba60945c/insurance-and-risk-related-services-to-ardenglen-housing-association-limited)