---
title: "Pension Comparison Tools"
ocid: "ocds-h6vhtk-03c560"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03c560"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c560.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c560.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "MONEY AND PENSIONS SERVICE"
published: "2023-08-07"
---

# Pension Comparison Tools

Buyer: MONEY AND PENSIONS SERVICE  
Current stage: Award  
OCID: ocds-h6vhtk-03c560

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03c560.json)

## Summary

The Money and Pensions Service has completed an award process for the provision of services related to two digital pension guidance tools, namely the Annuities Comparison Tool and the Investment Pathways Comparison Tool. The procurement stage was marked as 'complete', and the contracting authority engaged in a minimum 10-day standstill period before finalising the award decision. The process aimed to help consumers compare pension options, with Defaqto Limited being the current active supplier for both tools.

This public procurement opportunity focused on pension services and was initiated by the Money and Pensions Service. The procurement method was an open procedure, allowing interested suppliers to participate. The tender involved creating advanced tools to assist consumers in making informed decisions regarding annuities and investment pathways. This opportunity presents a suitable market for businesses in the financial services sector interested in providing innovative solutions in the pension services industry.

## Notice

The provision of services in respect of two digital pension guidance tools, to help consumers to compare their options and make the most of their retirement income when accessing their pension pots: 1. Annuities comparison tool 2. Investment Pathways comparison tool

### Lot Information

Annuities Comparison Tool

The Annuity comparison tool will allow users to compare the income they might get from a lifetime or fixed-term annuity from the whole of the open market. Users can select from all the annuity options available and input detailed medical information. Annuity providers are required by the Financial Conduct Authority (FCA) to signpost to the tool within the quotes they issue to consumers so that they can check if they could get a better deal by shopping around. Consumers can use the tool to obtain quotes for a lifetime annuity or a fixed term annuity. It is not a transactional tool i.e., an annuity cannot be directly purchased through it.

Options: An extension of up to one (1) further year at the absolute discretion of MaPS

Renewal: An extension of up to one (1) further year at the absolute discretion of MaPS.

Investment Pathways Comparison Tool

The Investment Pathways comparison tool will display investment pathway solutions for four defined investment pathway objectives for each provider featured on the service. It will also display the first-year charge in monetary terms (illustrated in pounds and pence), comprised of the different charges and rates which each provider may apply. Only products available on the open market direct to consumers are displayed on the tool

Options: An extension of up to one (1) further year at the absolute discretion of MaPS.

Renewal: An extension of up to one (1) further year at the absolute discretion of MaPS.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/022920-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Aug 2023 |
| Submission deadline | 30 May 2023 |
| Future notice date | Not specified |
| Award date | 24 Jul 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,616,480 |
| Lots value | £1,616,479 |
| Awards value | Not specified |
| Contracts value | £1,620,916 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | MONEY AND PENSIONS SERVICE |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC1N 2TD |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI36 Camden |
| Local authority | Camden |
| Electoral ward | Holborn & Covent Garden |
| Westminster constituency | Holborn and St Pancras |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | DEFAQTO |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66520000 - Pension services

## Release History

- 7 Aug 2023 at 12:18 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/022920-2023
- 28 Apr 2023 at 17:24 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/012408-2023

## Notice URLs

- https://maps.app.jaggaer.com/
- https://maps.org.uk/
- https://www.defaqto.com/

## 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-h6vhtk-03c560. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03c560.json.