Research Services for Pensions illustrations: presenting uncertainty and variability

What the buyer is asking for

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 contested is this?

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Timeline

3 published dates · Europe/London

1. Tender notice publishedyesterday

   5 Nov 2026, 13:46 GMT
2. Clarification questions byin 10 days

   16 Nov 2026, 12:00 GMT
3. Submission deadlinein 31 days

   7 Dec 2026, 12:00 GMT

Commercial outcome and contract awards

Nothing awarded yet

Notice history

2 events · 2 releases on Find a Tender

1. Pipeline or early engagement notice28 Aug 2026, 12:48 BST082163-2026
2. Tender notice5 Nov 2026, 13:46 GMT105218-2026

Documents

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• Tender notice on Find a Tender