CanadaBuys #RFP126011347

GMPP record-keeping and investment management services

Newfoundland and Labrador is seeking a long-term provider to administer and manage investments for its Government Money Purchase Pension Plan (GMPP). - Government buyer: Government of Newfoundland and Labrador, through the Public Procurement Agency. - Requested services: Record-keeping and investment management for the GMPP, including transition to the new supplier while maintaining continuity of plan operations. - Plan scale: Approximately $545.3 million in assets and 41,684 accounts, as reported in the notice. - Key requirements: Support plan administration and investment options; provide effective employer and member experiences; comply with the Government Money Purchase Pension Plan Act and committee-approved governance documents; and deliver capable administration systems, technology, innovation, and reporting. - Cost focus: Competitive pricing, including investment management fees. - OEMs and vendors: No prospective suppliers or product manufacturers are named in the notice. - Contract duration: Anticipated duration is 120 months; specific start and end dates are not stated here.

Description

The Government of Newfoundland and Labrador is seeking a supplier for record keeper and investment management services for the Government Money Purchase Pension Plan (GMPP). The supplier will transition the plan to a new contract while maintaining continuity of operations, and will provide services aligned with the plan’s governance documents and applicable legislation. The procurement focuses on employer and employee experience, administration systems and reporting, innovation, compliance, and cost competitiveness, including investment management fees. The anticipated contract effective date is April 1, 2028, and the estimated contract duration is 120 months.

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