Section one: Contracting authority
one.1) Name and addresses
Money and Pensions Service
120 Holborn
LONDON
EC1N2TD
Contact
Laura Bradshaw
Country
United Kingdom
NUTS code
UKI31 - Camden and City of London
Justification for not providing organisation identifier
Not on any register
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
one.4) Type of the contracting authority
Other type
Arm's-length body sponsored by the Department for Work and Pensions
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Pension Comparison Tools
Reference number
22-147C
two.1.2) Main CPV code
- 66520000 - Pension services
two.1.3) Type of contract
Services
two.1.4) Short 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
two.1.5) Estimated total value
Value excluding VAT: £1,616,480.09
two.1.6) Information about lots
This contract is divided into lots: Yes
Tenders may be submitted for all lots
two.2) Description
two.2.1) Title
Annuities Comparison Tool
Lot No
1
two.2.2) Additional CPV code(s)
- 66520000 - Pension services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £461,259.43
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
An extension of up to one (1) further year at the absolute discretion of MaPS.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
An extension of up to one (1) further year at the absolute discretion of MaPS.
two.2.14) 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.
two.2) Description
two.2.1) Title
Investment Pathways Comparison Tool
Lot No
2
two.2.2) Additional CPV code(s)
- 66520000 - Pension services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £1,155,220.66
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
An extension of up to one (1) further year at the absolute discretion of MaPS.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
An extension of up to one (1) further year at the absolute discretion of MaPS.
two.2.14) 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.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
30 May 2023
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.7) Conditions for opening of tenders
Date
30 May 2023
Local time
1:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
The High Court
The Strand
London
WC2A 2LL
Country
United Kingdom