Longitudinal Study of Debt Advice

A Modification Notice
by MONEY AND PENSIONS SERVICE

Source
Find a Tender
Type
Contract (Services)
Duration
5.5 year
Value
£1M-£2M
Sector
PROFESSIONAL
Published
23 Apr 2026
Delivery
01 Dec 2023 to 31 Mar 2029 (est.)
Deadline
n/a

Related Terms

Location

Bedford

Geochart for 3 buyers and 1 suppliers

3 buyers

1 supplier

Description

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.

Ammendments to Previous Notice

2. Contract value

GBP 1,503,996 1,767,867

Award Detail

1 IFF Research (London)
  • Reference: c0668
  • Value: £1,250,000
  • Contractor is an SME.

CPV Codes

  • 73110000 - Research services

Indicators

  • Contract modified due to additional needs.

Reference

  • FTS 037304-2026

Domains