BANKING-1874 - Canada (Saskatchewan) - Investment and Pension Consultant Servicer - Deadline December 20,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BANKING-1874

Government authority located in Saskatchewan; Canada based organization looking for expert vendor for investment and pension consultant servicer.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide investment and pension consultant servicer.
- Investment Consultant: -
a. Review SIGA’s investment options semi-annually and provide recommendations for changes. Explain the characteristics of other asset classes to be considered, and how they might assist in the achievements of the Members Account’s objectives, as applicable.
b. An investment monitoring report to be conducted on a semi-annual basis and include:
i. Qualitative and quantitative analysis of each Fund Manager that has been agreed upon between SIGA and the Investment Consultant.
ii. The Investment Consultant must attend semi-annual Pension Committee meetings to present the monitoring report and respond to questions.
c. A review of the Administrative Services Provider (plan governance review) should be prepared on an annual basis
d. Ad hoc and additional consulting services
i. Review the Plan’s Statement of Investment Policy and Procedures, and provide recommendations for change.
- Pension Consultant: -
a. Services to be offered in all geographical locations in which SIGA’s casinos and members reside.
b. General day to day requirements
i. Review plan operations
ii. Legislative matters
iii. Membership issues
iv. Member questions not addressed through Administration Service Provider call center. These will be forwarded by the Plan Administrator
v. Interpretation of plan provisions
c. Legal and compliance
i. Prepare plan amendments
1. Initiated by the Plan and/or required as a result of legislative changes
ii. File plan amendments with regulators
1. Saskatchewan Pensions and/or Canada Revenue Agency
iii. Provide advice to SIGA on legal and compliance matters pertaining to the Plan
d. Governance
i. Provide annual training sessions for the pension committee
ii. Inform SIGA of changes to governance best practises
iii. Prepare or revise applicable governance policies pertaining to the Plan
e. Interaction with Regulators
i. Provide assistance with ad hoc queries from the regulators on Plan operations and annual filing
ii. Address enquiries regarding filed plan amendments
iii. Draft correspondence on the Plan’s behalf
f. Administration Services Provider
i. Assist SIGA in resolving difficult membership or administrative issues with the Administration Services Provider
ii. Assist SIGA in resolving service issues with the Administration Services Provider
iii. Collaborate with the Administration Services Provider in reviewing member presentations
iv. Assist SIGA and the Administration Services Provider in developing member
communications material when investment funds are to be added or removed.
g. Participate with the Committee in the preparation and subsequent reviews of the SIP & P;
assist or provide advice to the Committee as the case may be with any aspect of the investment of the Fund and administration of the Plan or any employee education and communication exercise.
(2) All question must be submitted no later than December 3, 2019.

[C] Eligibility:

- Onshore (Canada Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Friday, 20 December, 2019

Category : Banking Services

Country : Canada

State : Saskatchewan

RFP Expired

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