Longitudinal Study of Debt Advice
Buyer: MONEY AND PENSIONS SERVICE
- Published
- 16 April 2024
- Estimated value
- £1,250,000
- Place of performance
- UKH2
- Procedure
- Restricted procedure
- Lots
- 1
- Notice number
- 012374-2024
- Reference
- ocds-h6vhtk-03f8f5
- Official source
- Official source
Description
MaPS published the results from a two-year quantitative pilot longitudinal study (PLS) of debt advice in October 2022. The pilot has demonstrated solid evidence that doing a large-scale longitudinal study successfully is feasible and likely to produce valuable insight. Given the encouraging results, MaPS wants to undertake a two-phase quantitative longitudinal study to measure the impact of debt advice on client outcomes. The design includes a randomised encouragement component by using a stratified random process to create a counterfactual group, where a treatment group is encouraged to seek debt advice, and a control group is not. There are two main changes from the PLS. 1) The criteria used by MaPS to define people in need of debt advice have changed. From previous surveys, we estimate that the old and new definitions of people in need of advice will provide a similar eligibility rate but that will be tested in the first phase of the study. 2) We have a new design and structure to be used for the randomise encouragement component. Also, to be tested and improved in the development phase.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| IFF Research | — | — |
Official publications
- FTS · 012374-2024 · 16 April 2024
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £1,250,000.
- Who is the buyer of this tender?
- The contracting authority is MONEY AND PENSIONS SERVICE (United Kingdom).
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