Planning

UK/GB Tracking Survey of the Savings and Investments Market

NATIONAL SAVINGS AND INVESTMENTS

This public procurement record has 1 release in its history.

Planning

10 Dec 2021 at 11:56

Planning Notice
Summary of the contracting process

The National Savings and Investments (NS&I) is currently in the planning stage for a procurement process titled "UK/GB Tracking Survey of the Savings and Investments Market," which is focused on market research services. This initiative aims to assess the capability and capacity of providers in conducting surveys related to savings and investment behaviour amongst UK adults. Interested suppliers must complete a market engagement questionnaire via the NS&I supplier portal by 5:00 PM on 24th December 2021. The contract delivery location is established in London, with the anticipated future notice date set for 20th January 2022.

This tender presents a significant opportunity for research firms and businesses specialising in market analysis, especially those with expertise in financial services and consumer behaviour studies. Companies with a proven track record in conducting comprehensive quantitative surveys and providing insights into savings and investment trends among the UK population would be particularly well-suited to compete for this contract. Participants will have the chance to contribute valuable data that can influence NS&I's strategic business decisions and pricing models.

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Notice Information

Notice Title

UK/GB Tracking Survey of the Savings and Investments Market

Notice Description

Provision of a quantitative tracking survey which gives robust understanding of the savings and investment market amongst UK or GB adults.

Lot Information

Lot 1

NS&I requires a supplier to provide a quantitative tracking survey which gives robust understanding of the savings and investment market amongst UK or GB adults. NS&I needs to understand how it and its products fit among those of its competitors within consumers savings and investment portfolios as well as show how consumer behaviour is changing over time with regards to their finances. NS&I is mainly focused on savings but we have a need to understand high level penetration of investments as part of consumers portfolio. NS&I is looking to subscribe to a robust, large scale continuous monthly survey that is representative of the UK or GB adult population (including representing consumers that are not online). The survey needs to be an established survey as access to back data and trends is required. The survey needs to provide the following types of information: * Ownership of savings and investments products (e.g. type, value, volume, brand) separate to other financial holdings; * Purchase behaviours around savings (e.g. why purchased, channel of purchase, product purchased, value, volume, brand); * Channel usage (i.e. for purchase and management of savings products); * Brand share estimates for savings and investment products by type, value and volume; * Behavioural information in relation to savings products (e.g. switching products and/or provider, brands consideration, brand awareness, subsequent deposits, customer satisfaction); * Incidence of vulnerability (e.g. low financial resilience, negative life events, low financial capability, health issues); and * Demographics including tax status. The sampling needs to be robust and representative of the UK/GB adult population as the information will not only be used in various day-to-day business decisions but also inform pricing decisions, support business cases and inform various business strategies. Because of this the provision of data also needs to be reliable. It is also important that the survey or data is sustainable going forward as NS&I needs to be assured that it doesn't find itself without key data that it needs. NS&I want to be able to have easy access to the data so that they can interrogate it themselves as needed. However, it is equally important that the provider is able to interrogate the data on NS&I's behalf and respond within a reasonable timeframe. NS&I will require at least one yearly virtual or face-to-face presentation of key data and trends that give additional insight into the savings and investment market. There is also a requirement for quarterly updates on consumers savings and investment behaviour in the form of a slide pack or similar. It is essential that the lag between data collection and its availability is as small as feasible. Additional information: Please note the 'Estimated date of publication of contract notice' stated below is not confirmed and is dependent upon the outcome of this market engagement exercise. NS&I reserves the right to not proceed to tender or at its absolute discretion to amend it at the time of issue of any further notice or notices or at any other time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02ffc4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030797-2021
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

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

Notice Dates

Publication Date
10 Dec 20214 years ago
Submission Deadline
Not specified
Future Notice Date
20 Jan 2022Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL SAVINGS AND INVESTMENTS
Contact Name
Not specified
Contact Email
malcolm.edwards@nsandi.com
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1V 2QX
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
Pimlico North
Westminster Constituency
Cities of London and Westminster

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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