Tender Details

Country: Cote d'Ivoire
Summary: Defined Contribution Investment Management Services
ICT Ref No: 57115329
Deadline: 30 Sep 2021
Financier: African Development Bank (AfDB)
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.: AFDB/SRPU/EOI/DCAMS-2021
Purchaser's Detail:
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Description:
Expression of Interest are invited for Defined Contribution Investment Management Services The Staff Retirement Plan (SRP or the Plan) of the ADB is a “contributory defined benefit (DB)/defined contribution (DC) scheme” where entitlements of members are accrued on the basis of: a. their final average salary and years of contributory membership on the DB component and b. accumulations of mandatory contributions in the DC component, plus c. accumulations of voluntary contributions in the DC component. The services sought by the Plan include investment services for contributions in the defined contribution component of the Scheme, subject to guidelines of the Investment Committee of the Plan. Duties will include: 1. Providing DC pension plan investment management services. The Service provider is expected to offer a number of funds including a default fund, a balanced fund, life-cycle funds, and other choice of funds (income, equity, etc.) 2. Providing an online platform where concerned members of the DC Plan could access their accounts and make amendments; 3. Compliance with standard industry reporting guidelines at a minimum; 4. Participating in Investment Committee meetings to exchange with members of the Committee on relevant issues related to the investment of DC funds; 5. Promptly implementing participants- modification of allocation with feedback provided; 6. Providing real-time on-line tools and access to participants to assist them in making investment choices, review to their account balances, their holdings, historical rates of return and contribution data; 7. Reconciling participants- account balances with total accumulations and delivering monthly reporting to the Plan; 8. Responding to queries from internal and external auditors of the Pension Plan, and other parties authorized by the Plan Administrator upon request; 9. Maintaining all records of the Pension Plan confidential and making them available upon request
Documents:

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Defined Contribution Investment Management Services - Ivorycoast Tender

The AFRICAN DEVELOPMENT BANK GROUP, a Government sector organization in Cote d'Ivoire, has announced a new tender for Defined Contribution Investment Management Services. This tender is published on IvorycoastTenders under ICT Ref No: 57115329 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2021-09-30.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.