Tender

TEN-1920-007 NEST Insight - self-employed savings trial partner A

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Tender

13 Jan 2020 at 19:11

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) is currently conducting a tender process titled "TEN-1920-007 NEST Insight - self-employed savings trial partner A." This initiative falls within the research and development services industry and is located in London, England. The procurement is in the open tender stage, with submissions due by 7 February 2020. The contract period is set to commence on 30 March 2020 and will extend until 31 March 2021. The procurement method is an open procedure below the specified threshold.

This tender presents a significant opportunity for businesses specialising in research and development or financial services aimed at the self-employed sector. Companies that can design and implement innovative savings mechanisms or those experienced in trialing new financial technologies would be well-suited to compete. The collaboration aims to enhance retirement savings solutions for self-employed individuals, thus fostering business growth through the development and testing of relevant tools and solutions.

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Notice Information

Notice Title

TEN-1920-007 NEST Insight - self-employed savings trial partner A

Notice Description

Please visit the following link to access this tender: https://nesttenders.bravosolution.co.uk/web/login.shtml The brief While automatic enrolment has worked very successfully to prompt pension savings behaviour with employees, it relies on the employer to enrol the employee and take contributions. Self-employed people do not have a default savings mechanism such as automatic enrolment through an employer to facilitate retirement saving. In addition, self-employed people face a number of different barriers to saving for retirement including often irregular and/or uncertain income. Based on our preliminary research the kinds of platforms that self-employed people use to find work, take payments and manage their finances have been highlighted as points of contact most promising to design solutions to bridge this gap. Nest Insight is now keen to find an organisation to collaborate with us that can develop, test and trial these solutions in practice and assist Nest Insight with some research activities. Thus, we are seeking a collaboration with a provider who can: - Design, develop and implement tools and/or mechanisms to trial with self-employed people that have the potential to encourage long term and retirement savings within our proposed research trial designs, - Access self-employed people to take part in the trial, - Obtain any necessary authorisation or licence from the relevant authorities (if applicable), - Run the trial of the tools and /or mechanism mentioned above, - Actively participate in the research work activities with Nest Insight, and - With regard to the research activities, collect, process as required by Nest and share the data (including personal data if required) with Nest. Our primary research question for Trial and Research - Design A is: Do 'set and forget' interventions that mimic features of auto-deduction from payroll increase persistency/contributions into longer-term/retirement savings for self-employed people? 1. Development of pilot tools/ mechanisms and trial phase 1.1 Development and trial of the pilot tools/mechanisms Nest Insight is looking to collaborate with an organisation that can deliver a mechanism or condition on their platform to suitably make an automatic deduction or 'sweep' of savings into a long term or retirement vehicle (this could be a pension or other long-term savings account, or a ring-fenced savings account or 'pot' to mimic a separate account intended for this retirement saving). The collaborator will need to develop the tool and/or mechanism, run the trial and obtain the relevant approvals, licenses and authorisations as necessary.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/528bfc7d-d894-4e55-962d-88bfc4fbb71b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
13 Jan 20206 years ago
Submission Deadline
7 Feb 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Mar 2020 - 31 Mar 2021 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
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
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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