Pension Comparison Tools
A Tender Notice
by MONEY AND PENSIONS SERVICE
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 35.5 month
- Value
- £2M-£2M
- Sector
- BUSINESS
- Published
- 28 Apr 2023
- Delivery
- To 14 May 2026 (est.)
- Deadline
- 30 May 2023 11:00
Concepts
Location
United Kingdom:
1 buyer
- Money & Pensions Service London
Description
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 Division
1 | Annuities Comparison Tool
MaPS provides an Annuity comparison tool for consumers to use on its consumer facing website MoneyHelper. The existing Annuities Comparison Tool was launched in 2014 and attracts around 100,000 visits a year. The contract for the existing tool ends 10th October 2023, and MaPS require a new annuity comparison tool for consumers to access. The tool allows 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. Additional information: HOW TO BID 1. Interested organisations must be registered as a 'Supplier' on the MaPS eSourcing portal' Jaggaer' to participate. If you have not already done so, please use the following link: https://maps.app.jaggaer.com/web/login.html 2. Once registered on the Jaggaer portal the tender can be viewed via OPEN TENDERS by clicking on 'Published Opportunities'. 3. If you experience issues with any aspect of the portal, please contact the Helpdesk on 0800 069 8630. 4. Please note all further communications including the submission of your online bid must be via the Jaggaer portal. |
2 | Investment Pathways Comparison Tool
MaPS provide an Investment Pathways comparison tool, which since 1st February 2021 has been available for consumers to use on its MoneyHelper website. The contract for the existing tool ends 10th October 2023, and MaPS requires a new annuity comparison tool for consumers to access. The tool displays investment pathway solutions for four defined investment pathway objectives for each provider featured on the service. It also displays 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. Additional information: HOW TO BID 1. Interested organisations must be registered as a 'Supplier' on the MaPS eSourcing portal' Jaggaer' to participate. If you have not already done so, please use the following link: https://maps.app.jaggaer.com/web/login.html 2. Once registered on the Jaggaer portal the tender can be viewed via OPEN TENDERS by clicking on 'Published Opportunities'. 3. If you experience issues with any aspect of the portal, please contact the Helpdesk on 0800 069 8630. 4. Please note all further communications including the submission of your online bid must be via the Jaggaer portal. |
Renewal Options
An extension of up to one (1) further year at the absolute discretion of MaPS.
CPV Codes
- 66520000 - Pension services
Indicators
- This is a one-off contract (no recurrence)
- Options are available.
- Renewals are available.
Other Information
** PREVIEW NOTICE, please check Find a Tender for full details. **
Reference
- ocds-h6vhtk-03c560
- FTS 012408-2023