Pension fund consultancy services

Tender description

The Central Bank of Ireland Superannuation Scheme has a requirement for the provision of Actuarial and Pensions Consulting Services. The Central Bank of Ireland Scheme is a funded defined benefit scheme which was established on 1.10.2008 in accordance with Statutory Instrument 99 of 2008. In determining the benefits payable and contributions paid by members, the Civil Service Superannuation Scheme rules apply. As at 31.12.2014, there were 1 490 active members of the Scheme and 2 467 members overall, including preserved and retired members. The Central Bank and the Scheme Trustees are now seeking Actuarial and Pensions Consulting services in order to ensure compliance with statutory obligations and to ensure adherence to best practice with respect to the administration of the Superannuation Fund. The actuarial and pensions consultant chosen will therefore be required to provide actuarial services in accordance with regulations and statutory/non-statutory guidance.