RFP QuestBeta
OpenStage · planning

National Wealth Fund Limited

Insurance Brokerage Request for Information and Early market engagement

Financial ServicesCPV 66518100
Value£100,000
Deadline
Published3 Jun 2026
RegionNationwide

£100,000 — stated in the notice

Who to contact
Freddie Hudson-Evans
procurement@nationalwealthfund.org.uk

The procurement contact named on the official notice.

Contract value in context
£100ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

When this comes round again

National Wealth Fund Limited has published 22 notices across all categories, and 29% of its awards go to a supplier it has used before.

Which is the argument for getting on the list rather than winning this one. The incumbent is rarely the last winner — it is the roster. See the retention odds by category →


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The brief

The National Wealth Fund (NWF) is looking to conduct Early Market engagement with Insurance Brokers in order to understand the market and help shape a future Procurement activity to put in place a contract for insurance brokerage services and subsequently award Insurance policies in a manner that is compliant with the Procurement Act 2023 (PA2023).

NWF currently provides Life insurance and Income protection as a benefit to all its employees, with the fund putting in place group policies for both benefits via an insurance broker contract.

NWF is looking to understand Brokers ability to undertake market reviews and subsequently award policies in line with the Procurement Act and what, if any, additional support/activity suppliers may require from NWF in order to place these compliantly.

British Business Bank (BBB) may also be included as a service recipient to any brokerage contract awarded, to allow them to utilise any contract to undertake placement of policies they may require.

Please note, the Total contract value stated reflects the NWF's estimated brokerage fees only.

If BBB is included as a service recipient in a future procurement then the Total contract value will be higher to incorporate their brokerage fees.

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Source & provenance
OCID
ocds-h6vhtk-06ac80
Stage
planning · Planning
Source
Find a Tender
Buyer ref
052373-2026
View the original notice on Find a Tender

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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Top suppliers & buyers in Financial & Insurance Services

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