--- title: "TEN-1920-010 NEST Insight - self-employed savings trial partner B" ocid: "ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)" published: "2020-01-13" --- # TEN-1920-010 NEST Insight - self-employed savings trial partner B Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) Current stage: Tender OCID: ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347.json) ## Summary The National Employment Savings Trust (NEST) is seeking a partner for the tender titled "TEN-1920-010 NEST Insight - self-employed savings trial partner B," which falls under the category of research and development services. Located in London, the procurement process is currently in the tender stage, with submissions due by 7 February 2020. The contract is anticipated to commence on 30 March 2020 and will run until 31 March 2021. This open procurement process is designed to explore mechanisms that can assist self-employed individuals in saving for retirement. This tender presents a significant opportunity for businesses that specialise in financial technology, research, and consultancy services, particularly those with innovative approaches to savings mechanisms. Companies capable of designing and implementing pilot tools and conducting trials with self-employed individuals will find this tender particularly well-suited to their expertise. It opens pathways for organisations aiming to contribute to the development of solutions that enable retirement savings in a flexible manner for those outside traditional employment structures. ## Notice Please visit the following link to access this tender: https://nesttenders.bravosolution.co.uk/web/login.shtml 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 potential solutions to bridge this gap. Nest Insight is 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. This includes designing the trial so as to enable collection and collation of data that will allow for evaluation of the trial, - Access self-employed people to take part in the trial, - Obtain the necessary authorisation or licence from the relevant authorities (if applicable), - Run the trial of the tools and /or mechanism mentioned just 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 B is: Does the product into which the self-employed are asked to save matter? In particular does liquidity of access increase propensity to participate? 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 allow retirement savings contributions to be made into a savings vehicle (this could include a cash account, long term savings vehicle, LISA, or pension, or some combination of these accounts). These would provide a range of options to test uptake of various liquidity levels of savings. The collaborator will need to develop the tool and/or mechanism, run the trial and obtain the relevant approvals, licences and authorisations as necessary. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/18669089-670c-4e55-a193-ac1e70fd9535 | | 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 19:33 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/18669089-670c-4e55-a193-ac1e70fd9535 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/18669089-670c-4e55-a193-ac1e70fd9535 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-c6097299-eaab-4fa0-981c-ef49c471f347. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c6097299-eaab-4fa0-981c-ef49c471f347.json.