Research Services : Research on UK Defined Contribution Pension Scheme Default Investment Strategies
Published
Value
Description
***THIS IS CONTRACT AWARD NOTICE*** The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit, and high-quality risk management. The FRC sets and regularly reviews Actuarial Standard Technical Memorandum 1: Statutory Money Purchase Illustrations ("AS TM1"). AS TM1 specifies the assumptions and methods to be used in the calculation of statutory illustrations of retirement income from 'money purchase' pensions, also known as 'defined contribution' (DC) pensions. AS TM1 requires these illustrations to use assumptions that differ depending on the volatility of the funds in which the DC pension is invested. For a UK Defined Contribution ('DC') pension scheme the selection of the default investment strategy that is offered to scheme members is one of the most important decisions for pension scheme decision-makers. This is because many/most scheme members will follow the default strategy, particularly individuals without the financial knowledge and/or confidence to make an active choice. UK DC schemes typically use a form of 'lifestyle' strategy for the default fund, whereby the investment strategy for an individual changes over time depending on how far away they are from retirement age. We understand there are a wide range of different types of 'lifestyle' strategy used by UK pension funds. We have commissioned this research in order to better understand the strategies used, to inform our policy-making activities in relation to the assumptions and methods as set out in AS TM1. This research project is separate from the current review of the accumulation rate assumptions in AS TM1 v5.0 which was consulted on in November 2023; rather it is intended to inform and support the FRC's longer term strategy and decision-making in relation to AS TM1. This research project will involve data collection and analysis to provide information on the default investment strategies currently offered by UK DC pension schemes, noting that common practice for default DC investment strategies has evolved, particularly since 'pension freedoms' were introduced in 2015. This data and analysis will support the FRC in setting actuarial standards that are appropriate for the current environment of UK DC pension schemes. • The project's core objective is to understand the nature of the various default investment strategies provided to UK scheme members and provide the FRC with statistically significant data on this. • As a second objective, we are also seeking an understanding of why those strategies are provided to scheme members. The FRC does not anticipate bids exceeding £54,000 incl. VAT. ***THIS IS CONTRACT AWARD NOTICE - THIS TENDER OPPORTUNITY IS CLOSED*** Additional information: ***THIS IS CONTRACT AWARD NOTICE***
Timeline
Publish date
3 months ago
Close date
3 months ago
Buyer information
THE FINANCIAL REPORTING COUNCIL LIMITED
- Contact:
- Head of Procurement
- Email:
- procurement@frc.org.uk
Explore contracts and tenders relating to THE FINANCIAL REPORTING COUNCIL LIMITED
Go to buyer profileSource
Contracts FinderTo save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Openclosing
Supporting Disabled Older Workers - Research Partner
Trafford Council38,330 GBPPublished 2 days ago
- Openclosing
SBRI -UK National Active Debris Removal (ADR) Mission Technology Development - Phase 2
UK Space AgencyPublished 2 days ago
- Openclosing
DE_393 Development and Implementation of Climate Emulator for Destination Earth
ECMWFPublished 3 days ago
- Openclosing
GB-London: LGA Councillor Transformation Capability Framework
Local Government Association17,500 GBPPublished 4 days ago
- Openclosing
MBC000520 - Middlesbrough Local Plan - Viability Assessment
Middlesbrough Council25,000 GBPPublished 4 days ago
- Openclosing
Hydrogen Innovation Initiative Demonstration 2024/25
Connected Places Catapult35,000 GBPPublished 4 days ago
- Openclosing
Hydrogen Innovation Initiative Demonstration 2024/25
Connected Places Catapult35,000 GBPPublished 4 days ago
- Openclosing
UKRI-3131 Innovation Support Hub for Department for Food, Environment and Rural Affairs (Defra) Farming Innovation Programme ADOPT Fund.
UK Research & Innovation6,000,000 GBPPublished 5 days ago
Explore other contracts published by THE FINANCIAL REPORTING COUNCIL LIMITED
Explore more open tenders, recent contract awards and upcoming contract expiries published by THE FINANCIAL REPORTING COUNCIL LIMITED.
- Openclosing
Legal Services Framework Agreement
THE FINANCIAL REPORTING COUNCIL LIMITED2,040,000 GBPPublished a month ago
- Closed
Legal Services Framework Agreement
THE FINANCIAL REPORTING COUNCIL LIMITED2,290,000 GBPPublished a month ago
- Closed
Research on preparers' use of FRS 101 Reduced Disclosure Framework
THE FINANCIAL REPORTING COUNCIL LIMITED42,000 GBPPublished 2 months ago
- Closed
Company and organisational data explorer - toolkit sandbox
THE FINANCIAL REPORTING COUNCIL LIMITED174,000 GBPPublished 3 months ago
- Closed
Levy Collection Services
THE FINANCIAL REPORTING COUNCIL LIMITED406,479 GBPPublished 3 months ago
- Closed
Levy Collection Services
THE FINANCIAL REPORTING COUNCIL LIMITED400,000 GBPPublished 3 months ago
- Closed
Financials Markets data platform
THE FINANCIAL REPORTING COUNCIL LIMITED825,000 GBPPublished 3 months ago
- Closed
Development of CODEx Inline XBRL viewer
THE FINANCIAL REPORTING COUNCIL LIMITED150,000 GBPPublished 4 months ago
Explore more suppliers to THE FINANCIAL REPORTING COUNCIL LIMITED
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- Construction Industry Training Board
- Rail Safety and Standards Board Ltd
- Cork Institute of Technology
- Queens Cross Housing Association Ltd
- Ministry of Defence, Ships, Maritime Combat Systems (MCS) Team
- HS1 Ltd
- Royal College of Art
- The Spring Partnership Trust
- Houghton Regis Town Council
- Leigh Trust
- Platt Parish Council
- Otford Parish Council
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.