Investment Fund Management- Trustees of the Assembly Menbers Pension Scheme

Tender description

The Trustees of the NI Assembly Members’ Pension Scheme ("the Trustees") wish to appoint an Investment Manager to invest the funds of the Assembly Member’s Pension Scheme (the Scheme"). The Trustees believe that the current size of the Scheme’s assets is not sufficient to allow a widely diversified portfolio of investments were the assets to be invested directly in bonds, stocks and shares. Therefore, the most effective way of investing Scheme assets (with suitable diversification and at a reasonable cost) may be to use pooled fund vehicles run by an independent investment management company. The Trustees are seeking to appoint an investment manager who can be expected to deliver excellent returns in the medium and long term, while having due regard to risks and short term volatility. The approach adopted could be either a single managed fund or a diversified growth fund (where the mix of assets is determined by the investment manager), or a combination of separate funds for the main asset classes with the allocation of assets being determined after discussion with the Trustees.