RESAVER, the recently launched pan-European pension project for researchers, is tendering for investment managers for the cross-border IORP it is setting up, according to an EU tender notice.The tender is being conducted using the competitive dialogue process, and is being managed by Aon Belgium, which won a four-year contract to provide support services to the project at the beginning of this year.RESAVER, or the Retirement Savings Vehicle for European Research Institutions, is now inviting expressions of interest from companies interested in tendering to provide pension fund investment services to “a second-pillar occupational DC pension multi-country IORP registered in Belgium”. The contract is proposed to last for five years, with the possibility of extending it to eight years. On the basis of the responses to the pre-qualification questionnaires, RESAVER will shortlist at least three applicants to take part in the dialogue stage.Aon said it was not looking for creative solutions at this stage but was at the dialogue stage instead.To achieve economies of scale, Aon said it was intended that RESAVER Insurance would offer the same investment funds to insurance participants as were offered to IORP participants.It said both the RESAVER IORP and RESAVER Insurance vehicles would have to offer “a comprehensive range of investment funds (…) to support the project multi-country, multi-vehicle, multi-currency specificities”.Since the project is starting from scratch, the investment solution must be suitable for any size of assets, it said, which will involve keeping the organisation simple at the beginning, with only a few investment options.At the same time, the organisation will have to be ready to change in the future, when assets under management and number of participants have grown.RESAVER is also tendering for administration services, as well as custody and audit services.The deadline for requests to participate is 2 November 2015 at 5pm, and decisions on the contracts to be awarded are to be made by 28 January 2016.The costs of setting up the IORP are being covered by the European Commission. Aon has said it will take 15 years for the fund to finance itself.
RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Increasing the number of substitutions and players on the bench when the Premier League restarts this month is a brilliant idea, according to Manchester United manager Ole Gunnar Solskjaer.The former Manchester United forward said the decision would allow managers to rotate their squads during a congested schedule. The league, suspended since mid-March due to the COVID-19 pandemic, will resume on June 17 after agreeing temporary rule changes to increase substitutes from three to five per game.The number of players allowed on the bench has been put up from seven to nine.“We’ve had time out. So, I don’t think we can expect that those lads who’ve missed lots of the football can last the full game. But now the rules have changed, we can use five subs and have nine on the bench,” Solskjaer told Manchester United’s website.“I think that’s helpful because, after being out for so long, going into competitive games will be a challenge for footballers and we have to look after them injury-wise and fitness-wise.“We can’t just flog one player and say to them: ‘You play every game and every minute,’ because it might be a period when we have to rotate quite often.” Fifth-placed Manchester United face Tottenham Hotspur in their first game back on June 19.Reuters/NAN.Tags: COVID-19Manchester UnitedOle Gunnar SolskjaerPremier League
Facebook Twitter Google+ Syracuse football named Zach Arnett its new defensive coordinator on Saturday, filling the full-time vacant since former coordinator Brian Ward’s firing at the tail end of the 2019 season.Arnett comes to SU from San Diego State, where he held the defensive coordinator position under head coach Rocky Long — who also interviewed for the SU vacancy — for the 2018-19 seasons. He also coached linebackers, which Ward did at SU.“He learned under a great defensive mind in Rocky Long at San Diego State and excelled when he got the opportunity to run the defense there,” Dino Babers said, via an SU Athletics press release. “His qualities, both as a person and as a professional, are an excellent fit for our program.”Arnett spent his entire coaching career to date with the Aztecs, beginning as a graduate assistant in 2011 before being promoted to coaching linebackers in 2014. He played the same position at New Mexico from 2005-08. In 2019, Arnett’s defense ranked top 10 in the nation in rushing defense, scoring defense, interceptions, first downs allowed, total defense, passing efficiency defense and turnovers gained.It’s unclear at this time if Arnett will be empowered to shape the defensive staff, which remains intact since Ward’s firing, or if he will be tasked with leading the current crop of positional coaches.AdvertisementThis is placeholder text Comments Published on January 11, 2020 at 1:32 pm Contact Andrew: [email protected] | @A_E_Graham