DEPARTMENT FOR EDUCATION · Awarded contract
Awarded

Administration of Junior ISA Scheme for Looked-After Children and Care Leavers

Awarded 02 Jan 2017

View live tenders
Awarded02 Jan 2017
Value£531,624.00
SupplierThe Share Foundation
AgencyDEPARTMENT FOR EDUCATION
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 7y 7mo ago2y 3mo term
Awarded 2 Jan 2017Expired 29 Mar 2019

About

The Department for Education awarded a contract to The Share Foundation for the administration of the Junior Individual Savings Account (JISA) scheme for looked-after children and care leavers.

The contract, valued at £531,624, involves opening JISAs with an initial government contribution of £200, managing and investing accounts with JISA providers, raising additional voluntary contributions, and providing financial education.

The supplier will also assume management responsibility for approximately 11,000-15,000 Child Trust Funds of looked-after children from the Official Solicitor for England and Wales, Northern Ireland, or the Accountant of Court for Scotland.

The service commenced on 2 January 2017.

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Other similar contracts12

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$1,893,519
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$233,000
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