Retirement Savings Vehicle for European Research Institutions, Brussels, is searching for a number of providers, including an investment manager, administrator and provider of an investment platform, and a custodian for its new defined contribution plan.
RESAVER is a pan-European retirement plan for researchers. It will allow researchers to move between countries and jobs without changing retirement plans, and is supported by the European Commission.
RESAVER is looking for providers of investment management, administration and an investment platform, accounting, custody, actuarial, reinsurance, and auditing services, said documents on a dedicated RESAVER procurement website. In January, the European Commission hired Aon Hewitt in Belgium to set up the plan and assist with the procurement process.
RFPs for investment management are due Nov. 2. RFPs for other roles are due Nov. 16. Decisions are expected to be made Jan. 29.
Further information is available on the procurement website.
Executives could not be reached for comment by press time.