Published date: 11 January 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 13 December 2022, 12pm

Contract summary

Industry

  • Research and development services and related consultancy services - 73000000

Location of contract

EC2Y 5AS

Value of contract

£44,000 to £50,000

Procurement reference

FRC2022-0206

Published date

11 January 2023

Closing date

13 December 2022

Closing time

12pm

Contract start date

16 January 2023

Contract end date

31 July 2023

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

THIS IS A CONTRACT AWARD NOTICE

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management.

The FRC is encouraging listed companies to increase the level of diversity in their UK operations. Companies need to consider how diversity and inclusion are relevant to the specific circumstances of their business, the markets they operate in, the workforce upon which they rely and the customers and communities they serve.

The FRC aims to maintain high standards and guidance in actuarial work to protect the public interest from the risks arising from actuarial work. In addition to its own promoting of high standards of equality, diversity, and inclusion among our regulated community, the FRC was interested in gathering evidence specifically on the extent of, and reasons for, gender imbalance among Scheme Actuaries (for Pension Schemes) and Chief Actuaries (for Insurers).

The objectives of the research project are to:
A. Gather and assess primary evidence on the reasons for gender imbalances among senior actuaries (Scheme Actuaries for Pension Schemes, and Chief Actuaries for Insurers).
B. Assess the barriers/disincentives for women to progress towards senior actuarial positions. Are there consistent themes to such barriers? At what point(s) in a person's career path do the identified barriers tend to be most often experienced?
C. Identify (and document) cases where good practice has facilitated women's progression to senior positions in the actuarial profession

We anticipate the information needed to meet the objectives outlined above will best be gathered using interviews and focus groups. However, bidders may suggest alternative engagement formats, approaches and innovations if beneficial.

The engagements would be driven by an interview/topic guide developed by the contractor's research team, working closely with the FRC's subject matter experts, as well as any other expertise the contractor can offer (please specify in your proposal). Bidders should provide examples of potential topics and questions in their proposals. These should be of sufficient breadth and depth to demonstrate the research team's knowledge of the relevant issues, as well as their ability to apply this effectively in the specified engagement formats.

The FRC recognises that, due to the subject matter, participants may wish to remain anonymous. The research contractor will need to assure participants of the confidentiality of any information they disclose and that it will only be used in anonymised form.

THIS IS A CONTRACT AWARD NOTICE

More information

Previous notice about this procurement

Research Services - Assessing the extent of, and reasons for, gender imbalance among UK senior actuaries

  • Opportunity
  • Published 15 November 2022

Attachments

Additional text

THIS IS A CONTRACT AWARD NOTICE - THIS TENDER OPPORTUNITY IS CLOSED /AWARDED.

Award information

Awarded date

11 January 2023

Contract start date

16 January 2023

Contract end date

31 July 2023

Total value of contract

£47,937

This contract was awarded to 1 supplier.

C M Monitor (Britain Thinks) Ltd

Address

Metherell Gard,
Morval,
Looe,
PL13 1PN

Reference

Companies House number: 07291125

Value of contract

£47,937

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Head of Procurement

Address

8Th Floor,125 London Wall
LONDON
EC2Y 5AS
England

Telephone

020 7492 2300

Email

procurement@frc.org.uk

Website

https://www.frc.org.uk