Expired contract

Group Life Assurance Policy (Core Benefits)

Details

Supplier(s)
Unum Ltd
Value
£180,232.31
Duration
3 years
Topic
Financial and insurance services
Published
1 March 2024

Tender description

Insurance policy in place supporting core benefits.

Timeline

  1. Completed: Award date1 September 2023
  2. Completed: Award published1 March 2024
    Current notice
  3. Completed: Contract expiry date31 August 2026

About the buyer

National Wealth Fund is an executive non-departmental public body, wholly owned and backed by HM Treasury. The organisation formed in October 2024, when the UK Infrastructure Bank was renamed with a broadened industrial and regional mandate. Operational independence from the Treasury gives the fund its own commercial and investment decisions. Leeds remains its headquarters, inherited along with much of its structure from the UK Infrastructure Bank. Suppliers can track live opportunities on Find a Tender, the government's central procurement service. A dynamic purchasing system covers recurring requirements such as market data services, alongside one-off tenders for advisory support.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of National Wealth Fund's contract awards have been in business services, IT services and research and development.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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