CalSavers Issues RFP for an ESG Investment Option – National Association of Plan Advisors

The CalSavers Retirement Savings Board, the body that runs CalSavers, the state-provided retirement plan for employees whose employers do not provide one, on Feb. 18 issued a request for proposal (RFP) for a new investment option focused on ESG factors.
The Board seeks proposals from qualified investment managers to provide ESG-oriented mutual funds or other vehicles appropriate for CalSavers to replace its current ESG investment option. The current ESG option is offered alongside a suite of target date funds (default), a global equity option, a core bond option and a money market fund. Now, the Board is willing to consider a stand-alone equity option, a stand-alone fixed income option or an option that holds exposure to both equities and fixed income.
The Board seeks a firm or firms with the best investment option(s) to create a new ESG offering or offerings for CalSavers. The agreement will be for three years; the Board would have the option of extending the contract by one year up to three times. 
The selected vendor is to:
The Board will monitor the selected ESG option(s) by selecting a benchmark or benchmarks that will be utilized to ensure the selected option is meeting its long-term objectives.
All responses to the RFP must be submitted in hard copy and electronic copy—by thumb drive or disc—and received by the Board no later than 4:00 p.m. Pacific Time on March 25, 2022.

Subscribe to the NAPA Net Daily.
Privacy Policy ● Terms of Use    Copyright 
web design and development by new target, inc.
The National Association of Plan Advisors is a non-profit professional society.
The materials contained herein are intended for instruction only and are not a substitute for professional advice. Copyright 2022 by NAPA


Posted by