Ontario is seeking an investment consultant to advise it on the Ontario Retirement Pension Plan, the province's proposed supplemental retirement plan that could have as much as C$30 billion ($22.8 billion) in assets once implemented.
The selected consultant will create a report for the Ontario Retirement Pension Plan Administration Corp., which will administer the ORPP, on developing a long-term strategy with an overall investment framework, including risk management, and strategies for active and transition management, said Scott Blodgett, spokesman for the Ontario Finance Ministry.
The ORPP, which would supplement the C$268.8 billion Canada Pension Plan, Ottawa, has a start date of Jan. 1, 2017, pending final approval by the provincial Legislature.
The RFP is on the Ontario government's website. Proposals are due at 11 a.m. ET Oct. 27. No selection date was listed in the RFP.