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Research Services for Pensions illustrations: presenting uncertainty and variability

Published 5 Nov 2026
5 Nov 2026
Deadline in 25 days

Primary CPV
73000000 *
Research and development services and related consultancy services
Location
🇬🇧 Tower Hamlets, London
Value
£125,000
Contract
10 months Duration
11/01/2027 31/10/2027
Contract Types
73 *Research & development services
Full CPV Breakdown
SME suitable
Not stated

Reference: FRC2026-075
The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. As the Competent Authority for audit in the UK, we set auditing and ethical standards and monitor and enforce audit quality. The FRC requires Research Services to examine how uncertainty and variability in estimated defined contribution pension income can be communicated clearly and effectively to savers. The contract will cover three work areas: • A targeted review of relevant academic and professional research. • Development of evidence-based wording, narratives, presentation formats and visualisations, informed by behavioural science. • Empirical testing with DC savers, using an appropriate balance of quantitative and qualitative methods and inclusive research design. The supplier will be expected to understand saver behaviour and key pension-planning risks, including investment, inflation and longevity risks. Deliverables will include interim outputs, communication mock-ups and a concise final report setting out the methodology, analysis, results, conclusions and limitations. The anticipated contract period is January to October 2027. The FRC has undertaken preliminary market engagement for this procurement. The findings from the preliminary market engagement is contained in the Appendix within the Invitation to Tender (ITT). PLEASE REFER TO THE INVITATION TO TENDER (ITT) FOR FULL DETAILS INCLUDING HOW TO SUBMIT YOUR TENDER

Full CPV breakdown

  • 73000000 — Research and development services and related consultancy services (primary)

Notice details

Buyer type
Central government
Competition
Open competition (any supplier can bid)
Contract type
Services
Procurement method
Below threshold - open competition
Main category
Services
Above threshold
No
Legal basis
UKPGA 2023/54
Notice status
Active
Renewal
The supplier should deliver the Services (as per the Invitation to Tender (ITT) by the 31 October 2027). Should the FRC amend/alter the requirement the timeline may change.
Options
The FRC reserves the right to procure further Services of the same / related nature.
Submission method
Further information on FRC can be found https://www.frc.org.uk/ PLEASE REFER TO THE INVITATION TO TENDER (ITT) FOR FULL DETAILS INCLUDING HOW TO SUBMIT YOUR TENDER IMPORTANT: • Please register your interest (and raise any tender queries) by emailing the FRC's procurement team - procurement@frc.org.uk • The FRC will share all tender queries and answers with those that have registered. • Your tender submission must be submitted within the deadline by email to procurement@frc.org.uk
Enquiries close
16 Nov 2026
Language
EN
Published
05 Nov 2026 13:46
Deadline
07 Dec 2026 12:00
OCID
ocds-h6vhtk-06ee7d
Notice ID
FRC2026-075

Everything the publisher included in this notice, organised by section. Contact details hidden: upgrade to Pro to see

Organisations

Name THE FINANCIAL REPORTING COUNCIL LIMITED
Address › Street 13th Floor, Exchange Tower, 1 Harbour Exchange Square
Address › Town / city London
Address › Postcode E14 9GE
Address › Country GB
Address › Country United Kingdom
Address › Region (NUTS) UKI42
Role buyer
Link http://www.frc.org.uk
Classification › Description Public authority - central government

Buyer

Name THE FINANCIAL REPORTING COUNCIL LIMITED

Tender

Title Research Services for Pensions illustrations: presenting uncertainty and variability
Status active
Item › CPV › Description Research and development services and related consultancy services
Item › Delivery › Region (NUTS) UK
Item › Delivery › Country GB
Item › Delivery › Country United Kingdom
Value › Value incl. VAT £150,000
Value › Value £125,000
Value › Currency GBP
Procedure type open
Procedure Below threshold - open competition
Category services
Above threshold No
Submission Terms › Electronic submission allowed
Bidding period › End 7 Dec 2026
Questions period › End 16 Nov 2026
Lot › Status active
Lot › Value › Value incl. VAT £150,000
Lot › Value › Value £125,000
Lot › Value › Currency GBP
Lot › Contract period › Start 11 Jan 2027
Lot › Contract period › End 31 Oct 2027
Lot › Contract period › Can be extended to 31 Jan 2028
Lot › Can be renewed Yes
Lot › Renewal › Description The supplier should deliver the Services (as per the Invitation to Tender (ITT) by the 31 October 2027). Should the FRC amend/alter the requirement the timeline may change.
Lot › Has options Yes
Lot › Options › Description The FRC reserves the right to procure further Services of the same / related nature.
Lot › Award criteria › Description Quality and Price (please see ITT).
Document › Document 1 › Document type Bidding documents
Document › Document 1 › Link https://www.find-tender.service.gov.uk/Notice/Attachment/A-25241
Document › Document 2 › Document type Bidding documents
Document › Document 2 › Link https://www.find-tender.service.gov.uk/Notice/Attachment/A-25242
Document › Document 3 › Document type Bidding documents
Document › Document 3 › Link https://www.find-tender.service.gov.uk/Notice/Attachment/A-25243
Document › Document 4 › Document type Bidding documents
Document › Document 4 › Link https://www.find-tender.service.gov.uk/Notice/Attachment/A-25244
Document › Document 5 › Document type Tender notice
Document › Document 5 › Description Tender notice on Find a Tender
Document › Document 5 › Link https://www.find-tender.service.gov.uk/Notice/105218-2026
Document › Document 5 › Published 5 Nov 2026
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