Closed

TEN-1920-007 NEST Insight - self-employed savings trial partner A

Descriptions

Please visit the following link to access this tender: https://nesttenders.bravosolution.co.uk/web/login.shtml The brief While automatic enrolment has worked very successfully to prompt pension savings behaviour with employees, it relies on the employer to enrol the employee and take contributions. Self-employed people do not have a default savings mechanism such as automatic enrolment through an employer to facilitate retirement saving. In addition, self-employed people face a number of different barriers to saving for retirement including often irregular and/or uncertain income. Based on our preliminary research the kinds of platforms that self-employed people use to find work, take payments and manage their finances have been highlighted as points of contact most promising to design solutions to bridge this gap. Nest Insight is now keen to find an organisation to collaborate with us that can develop, test and trial these solutions in practice and assist Nest Insight with some research activities. Thus, we are seeking a collaboration with a provider who can: -Design, develop and implement tools and/or mechanisms to trial with self-employed people that have the potential to encourage long term and retirement savings within our proposed research trial designs, -Access self-employed people to take part in the trial, -Obtain any necessary authorisation or licence from the relevant authorities (if applicable), -Run the trial of the tools and /or mechanism mentioned above, -Actively participate in the research work activities with Nest Insight, and -With regard to the research activities, collect, process as required by Nest and share the data (including personal data if required) with Nest. Our primary research question for Trial and Research - Design A is: Do 'set and forget' interventions that mimic features of auto-deduction from payroll increase persistency/contributions into longer-term/retirement savings for self-employed people? 1. Development of pilot tools/ mechanisms and trial phase 1.1Development and trial of the pilot tools/mechanisms Nest Insight is looking to collaborate with an organisation that can deliver a mechanism or condition on their platform to suitably make an automatic deduction or 'sweep' of savings into a long term or retirement vehicle (this could be a pension or other long-term savings account, or a ring-fenced savings account or 'pot' to mimic a separate account intended for this retirement saving). The collaborator will need to develop the tool and/or mechanism, run the trial and obtain the relevant approvals, licenses and authorisations as necessary.

Timeline

Published Date :

13th Jan 2020 5 years ago

Deadline :

7th Feb 2020 5 years ago

Contract Start :

30th Mar 2020

Contract End :

31st Mar 2021

Tender Regions

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Workflows

Status :

Closed

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Tender Progress :

0%

Details

Notice Type :

Open opportunity

Tender Identifier :

IT-378-246-T: 2024 - 001

TenderBase ID :

310724019

Low Value :

£100K

High Value :

£1000K

Region :

North Region

Attachments :

Buyer Information

Address :

Liverpool Merseyside , Merseyside , L13 0BQ

Website :

N/A

Procurement Contact

Name :

Tina Smith

Designation :

Chief Executive Officer

Phone :

0151 252 3243

Email :

tina.smith@shared-ed.ac.uk

Possible Competitors

1 Possible Competitors