Provision of Financial Guidance Services

{
  "id": "038332-2025",
  "tag": [
    "planning"
  ],
  "date": "2025-07-08T15:46:35+01:00",
  "ocid": "ocds-h6vhtk-055b5a",
  "buyer": {
    "id": "GB-FTS-35063",
    "name": "Cabinet Office"
  },
  "tender": {
    "id": "ocds-h6vhtk-055b5a",
    "lots": [
      {
        "id": "1",
        "status": "planned",
        "description": "The service is intended for approximately up to 4,000 recipients.\nMain Services Required\nSupporting individuals to make an informed decision between lump sum or ongoing payments, taking into consideration their individual personal and financial circumstances.\nKey Participation Requirements\nExpertise in delivering financial advice to individuals, taking into account their financial circumstances and objectives.\nEvidence of compliance with regulatory standards, including valid financial adviser qualifications and safeguarding certifications. All firms providing this guidance should be registered and authorised by the Financial Conduct Authority.\nA minimum of 50% of the advisers providing this guidance should hold a Level 6 Advanced Diploma in Financial Planning, with a minimum requirement for advisers providing this advice being a Level 4 Diploma in Regulated Financial Planning. All qualifications held should be regulated, RDR compliant qualifications. \nInterested parties registered service offering available on the CCS Funds Administration and Disbursement Service RM6322 DPS Agreement.\nSupplier ability to provide services in the UK (for the avoidance of doubt, England, Ireland, Scotland and Wales) both remotely and by exception face to face.\nProposed route to market\nWe are currently exploring the potential routes to market with CCS RM6322 DPS FAADS  being one of the options we are keenly exploring. \nSupport in addressing safe money management practices, including fraud prevention and the importance of making a will.\nGuidance on various matters, including options for managing funds.\nThe service delivery of this guidance would be as follows: information gathering regarding the individual's circumstances, providing a tailored financial advice session based on the awarded funds and their financial circumstances and financial priorities, followed by the provision of a written report summarising the guidance provided to the individual. Additional information: Response\nInterested parties who are able to meet the requirements are invited to respond to this engagement by emailing and confirming professionalservices@cabinetoffice.gov.uk.\nSuppliers should include confirmation of their interest and capability to meet the Key Participation Requirements detailed in this PIN. \nSuppliers to provide any other relevant information they believe would be useful to the authority as part of our assessing our commercial approach. \nSuppliers are advised support may be available from CCS to assist interested parties in registering for the CCS DPS framework.\nSuppliers are required to confirm once they have registered on to the DPS via CCS RM6322 FAADs. \nThe deadline to submit your response is 12:00 Noon, on 22nd July 2025.\nAll replies must clearly state both the supplier's interest, and the capability to offer the main services required and meet the key participation requirements.\nThis PIN exercise does not constitute a form of agreement or assurance from the Cabinet Office regarding the development of the procurement process."
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "Provision of Financial Guidance Services",
    "value": {
      "amount": 10000000,
      "currency": "GBP"
    },
    "status": "planned",
    "coveredBy": [
      "GPA"
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The purpose of this Prior Information Notice (PIN) is to notify all interested parties of the Government Departments' intention to undertake a procurement exercise for the delivery of a tailored financial guidance services to help individuals make informed decisions regarding the management of awarded funds.",
    "communication": {
      "futureNoticeDate": "2025-11-03T00:00:00Z"
    },
    "classification": {
      "id": "66000000",
      "scheme": "CPV",
      "description": "Financial and insurance services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-35063",
      "name": "Cabinet Office",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI32",
        "locality": "London",
        "postalCode": "SW1A2AS",
        "countryName": "United Kingdom",
        "streetAddress": "70 Whitehall"
      },
      "details": {
        "url": "http://www.gov.uk/government/organisations/cabinet-office",
        "classifications": [
          {
            "id": "MINISTRY",
            "scheme": "TED_CA_TYPE",
            "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
          },
          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Cabinet Office",
        "noIdentifierRationale": "notOnAnyRegister"
      },
      "contactPoint": {
        "email": "professionalservices@cabinetoffice.gov.uk"
      }
    }
  ],
  "language": "en",
  "description": "Timeline and Next Steps\nThe Authority intends to launch their procurement during Summer 2025 and award the Contract Autumn/Winter 2025. \nTerms and Conditions of the PIN\nThis PIN does not formally signify the beginning of a procurement and does not constitute a commitment by the Cabinet Office to undertake any procurement exercise.\nThis PIN is for information only and is not a call for competition. The Cabinet Office reserves the right not to enter a formal procurement process and not award contracts. Accordingly, the Cabinet Office will not be liable for any bid cost, expenditure, work or effort incurred by a provider in acting on the basis of this PIN.\nAll information included in this PIN is indicative and subject to change.",
  "initiationType": "tender"
}