Saskatchewan pension funds seek general and strategic investment consultants

Saskatchewan Public Employees Benefits Agency issued four separate RFPs for general and strategic investment consultants for the C$8.9 billion ($6.7 billion) Public Employees' Pension Plan and the C$2.3 billion Municipal Employees' Pension Plan, both of Regina.

The general consultants will be responsible for investment manager searches and monitoring investment performance, while strategic consultants will be concerned with matters related to investment beliefs, asset mix and investment structure, according to the RFPs.

Contracts for general consulting will be with the PEBA, a unit of the Saskatchewan Finance Ministry that oversees provincial public defined benefit plans; the strategic consultants will be contracted by the municipal and public employee plans individually.

Mercer currently is investment and specialist consultant for both pension plans, said Gary Hutch, PEBA director, investment services. The firm can rebid, he said.

The four RFPs are available on Sasktenders, the province's public procurement website. The municipal employee plan RFPs are available here and here. The public employee plan RFPs are available here and here.

Proposals for the strategic consulting mandates are due Jan. 27; general consulting proposals are due Feb. 10. Selections are expected in May.