Award

Pensions Decumulation and Decision-Making

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

02 Dec 2025 at 14:59

Summary of the contracting process

The Department for Work and Pensions (DWP), located in London, has awarded a contract titled "Pensions Decumulation and Decision-Making," to understand factors influencing pension decisions. This procurement in the research services category reached the award stage on 2nd December 2025. The procurement method was selective, utilising a call-off from a dynamic purchasing system. The contract, valued at £74,313.75, commenced on 27th November 2025 and will span until 26th May 2027. The research will be conducted across various locations, including the United Kingdom, Europe, and other regions.

This tender presents notable opportunities for SMEs and VCSEs in research services to expand their operations. Businesses with expertise in behavioural research, financial services, or data analysis would be well-suited to contribute valuable insights into pension decumulation decisions. IFF Research Ltd. has successfully secured this contract, indicating its capability to deliver specialised knowledge and insights in the sector. The project not only offers financial growth through collaboration but also allows participating companies to gain exposure in handling research mandates from prominent government bodies like the DWP.

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Notice Title

Pensions Decumulation and Decision-Making

Notice Description

The aim of this research is to understand the factors and information sources people consider when making pension decumulation decisions and how those factors influence how, and when, people access their Defined Contribution pension pot.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/eadfd370-e0a6-4289-89e3-3e61fe78854d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£74,313 Under £100K
Lots Value
Not specified
Awards Value
£74,313 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Dec 20252 months ago
Submission Deadline
2 Oct 2025Expired
Future Notice Date
Not specified
Award Date
27 Nov 20252 months ago
Contract Period
27 Nov 2025 - 26 May 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR WORK AND PENSIONS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 9NA
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

IFF RESEARCH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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