--- title: "TEN-1920-007 NEST Insight - self-employed savings trial partner A" ocid: "ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)" published: "2020-01-13" --- # TEN-1920-007 NEST Insight - self-employed savings trial partner A Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) Current stage: Tender OCID: ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57.json) ## Summary The National Employment Savings Trust (NEST) is currently conducting a tender process titled "TEN-1920-007 NEST Insight - self-employed savings trial partner A." This initiative falls within the research and development services industry and is located in London, England. The procurement is in the open tender stage, with submissions due by 7 February 2020. The contract period is set to commence on 30 March 2020 and will extend until 31 March 2021. The procurement method is an open procedure below the specified threshold. This tender presents a significant opportunity for businesses specialising in research and development or financial services aimed at the self-employed sector. Companies that can design and implement innovative savings mechanisms or those experienced in trialing new financial technologies would be well-suited to compete. The collaboration aims to enhance retirement savings solutions for self-employed individuals, thus fostering business growth through the development and testing of relevant tools and solutions. ## Notice Please visit the following link to access this tender: https://nesttenders.bravosolution.co.uk/web/login.shtml The brief While automatic enrolment has worked very successfully to prompt pension savings behaviour with employees, it relies on the employer to enrol the employee and take contributions. Self-employed people do not have a default savings mechanism such as automatic enrolment through an employer to facilitate retirement saving. In addition, self-employed people face a number of different barriers to saving for retirement including often irregular and/or uncertain income. Based on our preliminary research the kinds of platforms that self-employed people use to find work, take payments and manage their finances have been highlighted as points of contact most promising to design solutions to bridge this gap. Nest Insight is now keen to find an organisation to collaborate with us that can develop, test and trial these solutions in practice and assist Nest Insight with some research activities. Thus, we are seeking a collaboration with a provider who can: - Design, develop and implement tools and/or mechanisms to trial with self-employed people that have the potential to encourage long term and retirement savings within our proposed research trial designs, - Access self-employed people to take part in the trial, - Obtain any necessary authorisation or licence from the relevant authorities (if applicable), - Run the trial of the tools and /or mechanism mentioned above, - Actively participate in the research work activities with Nest Insight, and - With regard to the research activities, collect, process as required by Nest and share the data (including personal data if required) with Nest. Our primary research question for Trial and Research - Design A is: Do 'set and forget' interventions that mimic features of auto-deduction from payroll increase persistency/contributions into longer-term/retirement savings for self-employed people? 1. Development of pilot tools/ mechanisms and trial phase 1.1 Development and trial of the pilot tools/mechanisms Nest Insight is looking to collaborate with an organisation that can deliver a mechanism or condition on their platform to suitably make an automatic deduction or 'sweep' of savings into a long term or retirement vehicle (this could be a pension or other long-term savings account, or a ring-fenced savings account or 'pot' to mimic a separate account intended for this retirement saving). The collaborator will need to develop the tool and/or mechanism, run the trial and obtain the relevant approvals, licenses and authorisations as necessary. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/528bfc7d-d894-4e55-962d-88bfc4fbb71b | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 13 Jan 2020 | | Submission deadline | 7 Feb 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 29 Mar 2020 - 31 Mar 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) | | Locality | LONDON | | Post town | East London | | Postcode | E14 4PU | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI42 Tower Hamlets | | Local authority | Tower Hamlets | | Electoral ward | Canary Wharf | | Westminster constituency | Poplar and Limehouse | | Delivery location | TLI London | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73000000 - Research and development services and related consultancy services ## Release History - 13 Jan 2020 at 19:11 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/528bfc7d-d894-4e55-962d-88bfc4fbb71b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/528bfc7d-d894-4e55-962d-88bfc4fbb71b 13th January 2020 - Opportunity notice on Contracts Finder ## Notice URLs - https://nesttenders.bravosolution.co.uk/web/login.shtml ## 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-b5fd17-26515071-9480-436c-be02-9867862c0d57. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-26515071-9480-436c-be02-9867862c0d57.json.