Pension Plan Record-Keeping and Investment Management

The Government of Newfoundland and Labrador is seeking a supplier to provide record-keeping and investment management services for its defined-contribution Government Money Purchase Pension Plan, with a 10-year contract anticipated to begin April 1, 2028.

Newfoundland and Labrador > Public Procurement Agency


General
Open
RFP126011347
Dec 14, 2026 05:00 PM
Oct 27, 2026 12:00 PM
10 years
Request for Proposal (RFP)
State
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Original Solicitation Links
Contact
tsmith@gov.nl.ca
+17097293373
Description

The Government Money Purchase Pension Plan (GMPP) requires a contracted supplier to provide record-keeping and investment management services for a defined-contribution pension plan. The scope includes supporting plan members’ investment choices, administering plan operations and reporting, and overseeing investment options and investment managers. The supplier will also work with the existing administration team to transition to the new contract while maintaining continuity of operations. The plan currently includes guaranteed investment accounts and market-based funds, with revised investment options planned for implementation. The procurement emphasizes member and employer experience, compliance with plan legislation and governance documents, administration systems and innovation, reporting, and competitive costs, including investment management fees. The contract is estimated at 120 months, with an anticipated effective date of April 1, 2028.

Classification Codes
NAICS524292Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
PSCR610Personal Property Management Services
Smart Codes
pension plan recordkeepinginvestment management servicesretirement plan administration
Specifications
Service Only
Timeline
Oct 27, 2026-Publication Date
Dec 14, 2026 05:00 PM-Submission Deadline
Documents
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