---
title: "Research Services - Assessing the extent of, and reasons for, gender imbalance among UK senior actuaries"
ocid: "ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2023-01-11"
---

# Research Services - Assessing the extent of, and reasons for, gender imbalance among UK senior actuaries

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-37d953e3-7bd0-4f27-8c50-c1130a8d5f56

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## Summary

The Financial Reporting Council (FRC) has awarded a contract for research services titled "Assessing the extent of, and reasons for, gender imbalance among UK senior actuaries". The FRC aims to gather evidence on gender imbalances among Scheme Actuaries and Chief Actuaries. The procurement method used was an open procedure below the threshold, with a total contract value of £50,000. The contract period is from 16th January 2023 to 31st July 2023, and the tender period ended on 13th December 2022.

This tender provides business opportunities for research and development companies specialising in consultancy services. Companies with expertise in gender diversity, actuarial work, and conducting interviews and focus groups are well-suited to compete. The FRC encourages suppliers to promote diversity and inclusion in their proposals. Interested businesses should register with the FRC and review the detailed tender documents for full information and participation guidelines.

## Notice

THIS IS A CONTRACT AWARD NOTICE The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. The FRC is encouraging listed companies to increase the level of diversity in their UK operations. Companies need to consider how diversity and inclusion are relevant to the specific circumstances of their business, the markets they operate in, the workforce upon which they rely and the customers and communities they serve. The FRC aims to maintain high standards and guidance in actuarial work to protect the public interest from the risks arising from actuarial work. In addition to its own promoting of high standards of equality, diversity, and inclusion among our regulated community, the FRC was interested in gathering evidence specifically on the extent of, and reasons for, gender imbalance among Scheme Actuaries (for Pension Schemes) and Chief Actuaries (for Insurers). The objectives of the research project are to: A. Gather and assess primary evidence on the reasons for gender imbalances among senior actuaries (Scheme Actuaries for Pension Schemes, and Chief Actuaries for Insurers). B. Assess the barriers/disincentives for women to progress towards senior actuarial positions. Are there consistent themes to such barriers? At what point(s) in a person's career path do the identified barriers tend to be most often experienced? C. Identify (and document) cases where good practice has facilitated women's progression to senior positions in the actuarial profession We anticipate the information needed to meet the objectives outlined above will best be gathered using interviews and focus groups. However, bidders may suggest alternative engagement formats, approaches and innovations if beneficial. The engagements would be driven by an interview/topic guide developed by the contractor's research team, working closely with the FRC's subject matter experts, as well as any other expertise the contractor can offer (please specify in your proposal). Bidders should provide examples of potential topics and questions in their proposals. These should be of sufficient breadth and depth to demonstrate the research team's knowledge of the relevant issues, as well as their ability to apply this effectively in the specified engagement formats. The FRC recognises that, due to the subject matter, participants may wish to remain anonymous. The research contractor will need to assure participants of the confidentiality of any information they disclose and that it will only be used in anonymised form. THIS IS A CONTRACT AWARD NOTICE Additional information: THIS IS A CONTRACT AWARD NOTICE - THIS TENDER OPPORTUNITY IS CLOSED /AWARDED.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0447785a-204e-48ea-9ba4-ebaea93bb775 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Jan 2023 |
| Submission deadline | 13 Dec 2022 |
| Future notice date | Not specified |
| Award date | 11 Jan 2023 |
| Contract period | 16 Jan 2023 - 31 Jul 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £47,937 |
| 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 | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | C M MONITOR (BRITAIN THINKS |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 11 Jan 2023 at 12:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0447785a-204e-48ea-9ba4-ebaea93bb775
- 15 Nov 2022 at 13:01 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e39456c8-dc6e-4a70-8498-2d10fe6bf9d7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0447785a-204e-48ea-9ba4-ebaea93bb775
  11th January 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/e39456c8-dc6e-4a70-8498-2d10fe6bf9d7
  15th November 2022 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/dd6942ea-a0d0-4ed1-a71a-28c2fd047d46
  Invitation to Tender (ITT)
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/85be7bbb-2d62-4ba8-a811-917c0ac1962b

## Notice URLs

- https://www.frc.org.uk

## Provenance

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