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Investment Pathways tool user interface and data provision

Money and Pensions Service

This public procurement record has 1 release in its history.

Planning

11 Mar 2022 at 22:45

Planning Notice
Summary of the contracting process

The Money and Pensions Service (MaPS) is currently planning a new procurement process for the "Investment Pathways tool user interface and data provision," classified under financial consultancy services. This initiative is set to take place in London, UK, with a deadline for interested suppliers to submit their expressions of interest by 25th March 2022. The existing contract for this service is due to expire in 2022, prompting MaPS to assess market interest ahead of the tender process. The procurement will follow the legal basis of Directive 2014/24/EU.

This tender presents significant opportunities for businesses specialising in financial technology and consultancy. Companies with expertise in developing web-based financial analysis tools, financial information systems, and data supply services will be well-positioned to compete for this contract. As the tool aims to provide a comprehensive comparison of investment pathways, firms that can demonstrate experience in managing data accuracy and user privacy, particularly in the financial services sector, will have a competitive edge in this procurement process.

How relevant is this notice?

Notice Information

Notice Title

Investment Pathways tool user interface and data provision

Notice Description

The Money and Pensions Service (MaPS) wishes to ascertain interest from the market prior to any potential tender process for the provision of this service.

Lot Information

Lot 1

The FCA has concerns about consumers moving into drawdown and holding their funds in investments that will not meet their needs. To address this the FCA requires that firms offer customers, who do not take advice, a range of investment solutions that broadly meet their objectives, otherwise known as 'investment pathways'. Under the Financial Conduct Authority's Conduct of Business rules on investment pathways, the Money and Pensions Service (MaPS) is required provide a web-based Investment Pathways Comparison tool. The purpose of the tool is to allow non-advised customers who are interested in investment pathways to shop around at the point of moving into drawdown or once in drawdown. The tool shows products that are available on the open market and direct to consumers so that users of the tool know that what is shown is available to them. The Investment Pathways Comparison tool has been available to customers to use since February 2021. The existing tool was developed and hosted by an external supplier on our consumer facing website, MoneyHelper. The current supplier maintains all aspects of the tool, including both the front end displays and functionality as well as supplying the data feed of the providers pension products allowing users to compare a specific and limited list of fees and charges. The current contract for this service expires in 2022. Therefore MaPS wishes to ascertain interest from the market prior to any potential tender process for the provision of this service. Any providers who would be interested in bidding for this opportunity to please indicate this by replying to the contact email address by Friday 25th March.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032120
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006790-2022
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

48 - Software package and information systems

66 - Financial and insurance services

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

CPV Codes

48441000 - Financial analysis software package

48812000 - Financial information systems

66171000 - Financial consultancy services

72212441 - Financial analysis software development services

72319000 - Data supply services

Notice Value(s)

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

Notice Dates

Publication Date
11 Mar 20224 years ago
Submission Deadline
Not specified
Future Notice Date
1 Jun 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
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
Postcode Area
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

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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