CON-18-022 Financial Lives Survey Programme of Research and Reporting

Modification Notice

Original description: Financial Lives Survey Lot 1. The survey is biennial, with the work required to plan, run and report the survey lasting 2 years. This contract covers Waves 2 and 3 with an option to extend to Wave 4. The Lot 1 Supplier is required to programme and host the survey, including a full pilot, and provide the survey data cleaned and with weights appended, ready for producing data tables.

Description of the modifications

The first two waves of the survey, conducted in 2016/7 and 2019/20, were undertaken using a combination of online and in-home interviewing. The aim of the in-home survey was to ensure those offline or in some way digitally excluded were represented in the survey.

The Covid pandemic has necessitated a change in survey methodology, with large-scale in-home interviewing still unlikely. The in-home survey will be replaced with a telephone survey.

Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:

The Covid pandemic has necessitated a change in survey methodology, with large-scale in-home interviewing still unlikely. For this reason Wave 3 of the Financial Lives survey will follow a different methodology to preceding waves and the in-home survey will be replaced with a telephone survey. There are a number of benefits associated with one supplier conducting both pieces of fieldwork in terms of sampling, weighting, data merging, costs and timescales.