29 May 2015
Your browser is unable to support Flash files.

UK govt trawls LSE share data for benefit claims assessment

20 February 2013  |  2964 views  |  0 London - Big Ben

The UK Department for Work and Pensions (DWP) is asking private firms to pitch for a contract checking share prices on the LSE to help it identify the incomes of people claiming benefits.

In a contract notice first spotted by ComputerWorld, the DWP says that it "requires access to current and retrospective London Stock Exchange share and securities price data on request to enable its staff to quickly and accurately assess their customer's entitlement to income related state benefits".

The provider will need to be able to deliver this price data - in pounds sterling - on request between 7:00am and 8:00pm, Monday to Friday and 08:00am and 4:00pm on Saturday and Sunday, in an electronic format accessible via the DWP desktop environment.

The application deadline for the contract - which will run for up to five years and be worth up to £700,000 - is the end of March.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

17 January, 2013

Related company news

 

Top topics

Most viewed Most shared
Bigger banks may have to set up their own...
6685 views comments | 41 tweets | 34 linkedin
CBA to test Ripple for intra-bank transfer...
4863 views comments | 23 tweets | 21 linkedin
Visa Europe opens innovation hub in Israel
4707 views comments | 17 tweets | 9 linkedin
BBVA rolls out 'remote control' card app
4268 views comments | 24 tweets | 25 linkedin
MasterCard's $19m Target settlement falls...
4248 views comments | 7 tweets | 5 linkedin

Featured job

to £120K base ($185K base) + bonus, benefits
London or New York City (UK or USA)

Find your next job