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complete
Official procurement procedure
Pension Comparison Tools
Pension services
UK
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Money and Pensions Service: "Pension Comparison Tools". Published status: complete. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Money and Pensions Service | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Money and Pensions Service
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Money and Pensions Service. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
1.5Bids / Report
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 3 active published awards; 2 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityMoney and Pensions Service | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published7 Aug 2023, 13:18 BST | Last source update7 Aug 2023, 13:18 BST | Recurring procurementNot published |
ClassificationPension services | ||
Delivery area UK | ||
OCIDocds-h6vhtk-03c560 | ||
What is being bought
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
What changed
From the official release history
- tender value changed
7 Aug 2023, 13:18 BST - Status changed to complete
7 Aug 2023, 13:18 BST - Official notice release published
7 Aug 2023, 13:18 BST - Submission deadline changed to published date
7 Aug 2023, 13:18 BST - Buyer information updated
7 Aug 2023, 13:18 BST - Published value updated to £1,616,480
28 Apr 2023, 18:24 BST - Status changed to active
28 Apr 2023, 18:24 BST - Official notice release published
28 Apr 2023, 18:24 BST - Submission deadline changed to 30 May 2023, 12:00 BST
28 Apr 2023, 18:24 BST - Buyer information updated
28 Apr 2023, 18:24 BST
Lots and requirements (2)
Published by the contracting authority
- Lot 1 · #1Annuities Comparison ToolcancelledPublished valueNot publishedThe 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.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
- Lot 2 · #2Investment Pathways Comparison ToolcancelledPublished valueNot publishedThe 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 toolContract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
7 Aug 2023, 13:18 BST - Award active
Not published · Not published - Award active
Not published · Not published - Contract active
Signed 25 Jul 2023, 00:00 BST · £569,700 - Contract active
Signed 25 Jul 2023, 00:00 BST · £1,051,216
Commercial outcome and competition
Awards Defaqto Limited Not published · Not published · active Defaqto Limited Not published · Not published · active |
Contracts Annuities Comparison Tool £569,700 · signed 25 Jul 2023, 00:00 BST · active Investment Pathway Comparison Tool £1,051,216 · signed 25 Jul 2023, 00:00 BST · active |
Bid statistics bids: 2 (lot 1) electronicBids: 2 (lot 1) smeBids: 2 (lot 1) bids: 1 (lot 2) electronicBids: 1 (lot 2) smeBids: 1 (lot 2) |
Buyer and organisations in this procedure
Money and Pensions Service
Contracting authority GB-FTS-65185Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published