Published date: 3 June 2019

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


Closing: 12 April 2019

Contract summary

Industry

  • Research services - 73110000

Location of contract

London

Value of contract

£200,000

Procurement reference

tender_153508/773509

Published date

3 June 2019

Closing date

12 April 2019

Contract start date

20 May 2019

Contract end date

31 March 2020

Contract type

Service contract

Procedure type

Other: Further Competition via the Crown Commercial Service Behavioural Insights framework (RM6004)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


Description

Sections 18 and 19 of the Financial Guidance and Claims Act 2018 set out a requirement for a stronger final nudge towards pensions guidance at the point when a consumer applies to access or transfer their pension savings, so as to make receiving Pension guidance from the Money and Pensions Service (MaPS) the default position. The Act provides a framework with the details of this 'final nudge' left to be worked out.

As a result, MaPS is running a project to explore and test different approaches to conducting the final nudge process. The results of this testing will provide an evidence base to assist the FCA and DWP in making rules and regulations.
This contract is for a supplier to provide support for this testing and evaluation process.


Award information

Awarded date

6 May 2019

Contract start date

20 May 2019

Contract end date

31 March 2020

Total value of contract

£200,000

This contract was awarded to 1 supplier.

Behavioural Insights Ltd.

Address

4 Matthew Parker Street, London, SW1H 9NP

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No


About the buyer

Contact name

David Hughes

Address

120 Holborn
London
EC1N 2TD
England

Telephone

0

Email

david.hughes@moneyadviceservice.org.uk

Website

moneyandpensionsservice.org.uk