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CYP Financial wellbeing research

Money and Pensions Service

This public procurement record has 1 release in its history.

Award

24 Sep 2026 at 13:51

Award Notice
Summary of the contracting process

The Money and Pensions Service commissioned specialist research into the financial wellbeing of children and young people aged 7–17. The work is a UK-wide quantitative tracking study, designed and delivered by an external research agency. Its findings are intended to inform policy, funding decisions and targeted interventions. This is research services work, rather than the provision of financial products or direct support to young people. The procurement has one requirement covering the research study. The delivery location is recorded as Bedfordshire; the study itself is described as UK-wide, so suppliers would need the capability to conduct research across the UK.

The procurement is complete and the contract was awarded to BMG Research Ltd. The contract was signed on 4 August 2026 and is active, with a value of £600,000. The award is recorded as active. The buyer used a limited procedure to make a call-off from a Crown Commercial Service framework agreement, without publishing a prior call for competition. The award basis was price per quality point. The process covered one requirement: design and delivery of the national tracking study. Four bids were recorded. The award date and contract period are not included in the published data; the signature date is the confirmed contract milestone.

This award shows demand from the Money and Pensions Service for specialist, quantitative research on children’s and young people’s financial wellbeing, with findings intended to support policy and funding decisions. A credible competitor for comparable work would need to design and deliver a UK-wide tracking study focused on 7–17-year-olds, and demonstrate the research capacity to gather reliable quantitative evidence across that population. The buyer used a Crown Commercial Service framework call-off and assessed offers on price per quality point, so suppliers seeking similar work should be able to compete through the relevant framework route and balance cost with research quality. The appointed supplier was BMG Research Ltd; four bids were recorded.

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Notice Information

Notice Title

CYP Financial wellbeing research

Notice Description

Procurement of a specialist external research agency to design and deliver a UK-wide quantitative tracking study on the financial wellbeing of children and young people aged 7-17. The outcome is to inform policy, funding decisions and targeted interventions

Lot Information

Lot 1

Procurement of a specialist external research agency to design and deliver a UK-wide quantitative tracking study on the financial wellbeing of children and young people aged 7-17. The outcome is to inform policy, funding decisions and targeted interventions. Additional information: Price per quality point

Procurement Information

Call-off from a CCS framework agreement

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-07798f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/090593-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£600,000 £500K-£1M

Notice Dates

Publication Date
24 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
BEDFORD
Postcode
MK42 9AB
Postcode Area
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
TLH24 Bedford
Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

BMG RESEARCH LTD

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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