Planning

Tools to support provision of pension guidance including annuity and investment pathway comparison tools

MONEY AND PENSIONS SERVICE

This public procurement record has 2 releases in its history.

Planning

03 Oct 2022 at 08:18

Planning

30 Sep 2022 at 14:33

Summary of the contracting process

The Money and Pensions Service (MaPS) is seeking tools to support pension guidance, including annuity and investment pathway comparison tools. The procurement exercise is at the planning stage, with an engagement end date set for October 25, 2022. MaPS intends to use these tools to enhance its digital pensions guidance offering, aiding consumers in retirement planning decisions. The contracting authority, MaPS, is located in London, England, and the procurement falls under the IT services industry category.

This tender presents an opportunity for businesses specialising in IT services, consulting, software development, and Internet support. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are well-suited to compete for this contract. Businesses interested should note the virtual Market Engagement event scheduled for October 25, 2022, to gain insights into MaPS' requirements and provide feedback on the Specifications to enhance their competitiveness in the procurement process.

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Notice Title

Tools to support provision of pension guidance including annuity and investment pathway comparison tools

Notice Description

The Money and Pensions Service (MaPS) is seeking to undertake a procurement exercise for: * an annuity comparison tool; * an investment pathways comparison tool; * a suite of financial planning calculations to power our pension guidance * potential 4th lot for interface MaPS anticipate this being a single tender with the above requirements in three or four separate Lots. As part of its pensions guidance transformation strategy, the Money and Pension Service (MaPS) is looking to improve its digital pensions guidance offering by providing retirement planning journeys and tools that meet the needs of different groups of people. The annuity and investment pathways comparison tools along with the suite of financial planning calculations will help consumers to model their options at retirement and answer what do I need and what should I do now. They are therefore a key enabler in the development and provision of MaPS pension guidance. Going forwards our intention is for all tools to be developed and built on our consumer facing website, MoneyHelper. Our digital tools strategy is to develop and maintain the front-end user interfaces and functionality but are looking for suppliers to provide the necessary back-end calculation capability via API's to support the provision of those tools and journeys. We are engaging the market prior to the tender process, to further outline the tools strategy, the outcomes MaPS are looking to achieve and to obtain any feedback on the Specifications. Virtual Event: A virtual Early Market Engagement event will be held for this project on 25th October at 12pm, via Microsoft Teams. The purpose of this event is to alert the market to the potential procurement opportunity and to gain a better understanding of the capacity and appetite of the market to deliver against the proposed planned activities. Please register interest to obtain joining instructions by emailing commercial@maps.org.uk, with '22-114C MaPS Pension Guidance Comparison Tools' as the subject.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1ed8f1c4-880c-48ae-84cb-a3f138385e74
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c33447ce-3d8f-4768-879c-966602ae15e9
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20223 years ago
Submission Deadline
Not specified
Future Notice Date
25 Oct 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
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
EC1N 2TD
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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