---
title: "Pensions Decumulation and Decision-Making"
ocid: "ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR WORK AND PENSIONS"
published: "2025-12-02"
---

# Pensions Decumulation and Decision-Making

Buyer: DEPARTMENT FOR WORK AND PENSIONS  
Current stage: Award  
OCID: ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8

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## Summary

The Department for Work and Pensions (DWP), located in London, has awarded a contract titled "Pensions Decumulation and Decision-Making," to understand factors influencing pension decisions. This procurement in the research services category reached the award stage on 2nd December 2025. The procurement method was selective, utilising a call-off from a dynamic purchasing system. The contract, valued at £74,313.75, commenced on 27th November 2025 and will span until 26th May 2027. The research will be conducted across various locations, including the United Kingdom, Europe, and other regions.

This tender presents notable opportunities for SMEs and VCSEs in research services to expand their operations. Businesses with expertise in behavioural research, financial services, or data analysis would be well-suited to contribute valuable insights into pension decumulation decisions. IFF Research Ltd. has successfully secured this contract, indicating its capability to deliver specialised knowledge and insights in the sector. The project not only offers financial growth through collaboration but also allows participating companies to gain exposure in handling research mandates from prominent government bodies like the DWP.

## Notice

The aim of this research is to understand the factors and information sources people consider when making pension decumulation decisions and how those factors influence how, and when, people access their Defined Contribution pension pot.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/eadfd370-e0a6-4289-89e3-3e61fe78854d |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Dec 2025 |
| Submission deadline | 2 Oct 2025 |
| Future notice date | Not specified |
| Award date | 27 Nov 2025 |
| Contract period | 27 Nov 2025 - 26 May 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £74,313 |
| Lots value | Not specified |
| Awards value | £74,313 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR WORK AND PENSIONS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 9NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | IFF RESEARCH |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73110000 - Research services

## Release History

- 2 Dec 2025 at 14:59 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/eadfd370-e0a6-4289-89e3-3e61fe78854d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/eadfd370-e0a6-4289-89e3-3e61fe78854d
  2nd December 2025 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1ab198ea-6831-4b3b-88fa-7d34c285d6d8.json.