28 November 2015

UK govt trawls LSE share data for benefit claims assessment

20 February 2013  |  3040 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


Who is commenting?

Finextra Member Commented on: EPC publishes proposal...
Finextra Member Commented on: EPC publishes proposal...

Top topics

Most viewed Most shared
BBVA buys 29.5% stake in Atom for £45...
7817 views comments | 34 tweets | 41 linkedin
BNP Paribas to test contactless payment di...
6114 views comments | 17 tweets | 25 linkedin
Former Barclays chief forecasts massive jo...
6092 views comments | 28 tweets | 30 linkedin
Hilton confirms data breach
5408 views comments | 11 tweets | 17 linkedin
Alternative payment methods challenge plas...
5241 views comments | 21 tweets | 23 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job