Longitudinal Study of Debt Advice
- MONEY AND PENSIONS SERVICE
Procurement identifier (OCID): ocds-h6vhtk-03f8f5
Description
No change from Contract Award Notice:
High-level objectives are the following:
Phase 1
• to successfully run the developing phase, recruit participants online in need of debt advice;
• create the experimental allocation (using a stratified random process);
• evaluate the encouragement design aimed at creating a robust counterfactual group; and
• calibrate the key parameters (such as eligibility, attrition and response rate) for the large scale longitudinal.
Phase 2
• to successfully run a large-scale randomised encouragement design longitudinal study;
• create the experimental allocation (using a stratified random process);
• successfully implement the encouragement design;
• to keep comparable and sizeable treatment and control groups during the duration of the project over four waves; and
• to measure the impact of debt advice on improving the outcomes of people.
Insight:
• to understand the causality of debt advice has with debt and wider financial well-being indicators within the debt journey over the short, medium and long term. This includes analysing complex journeys into and out of debt over time and the causes;
• to identify the immediate effects of receiving debt advice, the sustainability of the solutions and the long-term consequences of clients' decisions; and
• to identify what works and what doesn't work to increase motivation for advice seeking behaviour, which is one of the most challenging objectives in the debt advice sector.
Notices
F20: Modification notice
- Notice identifier
- 2026/S 000-037304
- Published
- 23 April 2026, 5:05pm
F03: Contract award notice
- Notice identifier
- 2024/S 000-012374
- Published
- 16 April 2024, 3:09pm
F01: Prior information notice
- Notice identifier
- 2023/S 000-025799
- Published
- 1 September 2023, 1:06pm