Tasplan calls tenders on asset consultancy
Tasmanian-based Tasplan has called for tenders for its asset consulting requirements as a result of a review prompted by its pursuit of a Registrable Superannuation Entity (RSE) licence from the Australian Prudential Regulation Authority (APRA).
Tasplan general manager Neil Cassidy confirmed the tender process, which he said was being overseen by Rice Walker Actuaries.
Tasplan’s existing asset consultant is Mercer, which is understood to be one of the four companies still in the hunt after five companies were originally invited to tender.
Cassidy said the tender process was scheduled to close yesterday (Wednesday, April 5).
He said that while Tasplan had been happy with Mercer’s level of service, the contract was due to expire in July, and it was regarded as prudent to test the market in circumstances where the fund wanted to achieve the best possible returns for its members.
Cassidy said that it was likely the fund would take a similar approach when its five-year administration contract with Australian Administration Services comes up for renewal in 2008.
AUTHOR
Mike Taylor
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