Metropolitan Thames Valley, London, is searching for a record keeper for its new defined contribution plan, according to a notice on European procurement website Tenders Electronic Daily.
The selected provider will supply to the housing association both administration and investment platform services via a multiemployer plan, known in the U.K. as a master trust, that is authorized by The Pensions Regulator.
Providers will auto enroll new employees into the plan and manage existing retirement benefits invested under the DC section of the Social Housing Pension Scheme, a multiemployer plan run for all U.K. housing associations by TPT Retirement Solutions. The asset size of the plan could not be immediately learned.
The contract will last four years and could be extended once for a period of an additional two years.
Proposals are due at 1 p.m. Greenwich Mean Time on Jan. 12.
A spokeswoman for the housing association could not immediately provide further information.