Research Services for Pensions illustrations: presenting uncertainty and variability
THE FINANCIAL REPORTING COUNCIL LIMITED · UK-wide · up to £125,000
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What the buyer wants
The Financial Reporting Council seeks research services to develop and test effective communication methods for uncertainty and variability in defined contribution pension income, covering literature review, development of communication materials, and empirical testing with savers.
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
How Tenderoo reads it
The notice reads as suitable for a small or medium-sized firm: the scope, value and requirements are within reach of a business of that size.
Services required
- Research and development services and related consultancy services
What you will need to show
- Respond to Invitation to Tender — Suppliers must submit their tender according to the instructions and requirements detailed in the Invitation to Tender document.
Documents to submit
- Invitation to Tender (ITT)
Lots
- Lot 1 (up to £125,000)
Key facts
- Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED
- Estimated value: up to £125,000
- Deadline: 7 December 2026
- Location: UK-wide
- Published on: Find a Tender
- First seen by Tenderoo: 5 November 2026
- CPV: 73000000
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