Award

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

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

11 Jan 2023 at 12:05

Award Notice
Tender

15 Nov 2022 at 13:01

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has awarded a contract for research services titled "Assessing the extent of, and reasons for, gender imbalance among UK senior actuaries". The FRC aims to gather evidence on gender imbalances among Scheme Actuaries and Chief Actuaries. The procurement method used was an open procedure below the threshold, with a total contract value of £50,000. The contract period is from 16th January 2023 to 31st July 2023, and the tender period ended on 13th December 2022.

This tender provides business opportunities for research and development companies specialising in consultancy services. Companies with expertise in gender diversity, actuarial work, and conducting interviews and focus groups are well-suited to compete. The FRC encourages suppliers to promote diversity and inclusion in their proposals. Interested businesses should register with the FRC and review the detailed tender documents for full information and participation guidelines.

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Notice Information

Notice Title

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

Notice 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 Additional information: THIS IS A CONTRACT AWARD NOTICE - THIS TENDER OPPORTUNITY IS CLOSED /AWARDED.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0447785a-204e-48ea-9ba4-ebaea93bb775
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

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
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£47,937 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jan 20233 years ago
Submission Deadline
13 Dec 2022Expired
Future Notice Date
Not specified
Award Date
11 Jan 20233 years ago
Contract Period
16 Jan 2023 - 31 Jul 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
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
EC2Y 5AS
Post Town
Central 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
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

C M MONITOR (BRITAIN THINKS

Further Information

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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