Award

Survey research to inform a potential investigation into the market for investment advisory and fiduciary management services to institutional investors

COMPETITION AND MARKETS AUTHORITY

This public procurement record has 1 release in its history.

Award

19 Sep 2017 at 12:05

Award Notice
Summary of the contracting process

The Competition and Markets Authority has recently awarded a contract for a survey research project titled "Survey research to inform a potential investigation into the market for investment advisory and fiduciary management services to institutional investors." This procurement falls within the market research services category (CPV code 79310000) and is based in London, United Kingdom. The contract value is £120,000, with the contract period running from 15th September 2017 to 30th June 2018. This procurement process was conducted using a selective method through a call-off from a framework agreement, and the contract was awarded on 11th July 2017.

This tender presents significant opportunities for businesses specialising in market research services, particularly those with experience in conducting telephone surveys for financial services sectors. Small and medium-sized enterprises (SMEs) may find this tender especially relevant, as the project requires collaboration with various customer groups involved in investment advisory, potentially fostering partnerships that could lead to future contracts. Given the competitive landscape, businesses that can demonstrate expertise in this area will be well-positioned to participate.

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Notice Information

Notice Title

Survey research to inform a potential investigation into the market for investment advisory and fiduciary management services to institutional investors

Notice Description

The Financial Conduct Authority (FCA) recently reported on their Asset Management market study . One of their proposed remedies is to refer the market for investment advisory and fiduciary management services to institutional investors to the CMA for further investigation . The FCA is considering whether to refer the market to the CMA. Should they decide to do this, the reference is likely to be made during September. We are considering commissioning survey research with the main customer groups for providers of these services to inform any investigation the CMA conducts into this market. A final decision on whether to do so would be made following an FCA referral, should there be one. The investment advisory market consists of a dozen or so large players, with around 60% of market share being accounted for by the three largest investment consultancy firms , with a tail of smaller consultancies. We would propose to conduct a telephone survey, primarily with pension scheme trustees.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d8626422-2281-4b91-bb6b-a7b718b257b5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ca21cdda-f226-4e47-9b99-6d01d8b31e9e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79310000 - Market research services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£120,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Sep 20178 years ago
Submission Deadline
24 Aug 2017Expired
Future Notice Date
Not specified
Award Date
10 Jul 20178 years ago
Contract Period
14 Sep 2017 - 30 Jun 2018 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
COMPETITION AND MARKETS AUTHORITY
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
WC1B 4AD
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
TLI London
Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

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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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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