Development and Implementation of a Framework for Micro-Pensions Tender, Jamaica - 33080892

Procurement Summary

Country : Jamaica

Summary : Development and Implementation of a Framework for Micro-Pensions

Deadline : 24 May 2019

Other Information

Notice Type : Tender

TOT Ref.No.: 33080892

Document Ref. No. : EOI-FSC-IDB-05

Competition : ICB

Financier : INTER-AMERICAN DEVELOPMENT BANK (IDB)

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : FINANCIAL SERVICES COMMISSION
Attn: Ms. Nordian Brown, Technical Assistance Project Coordinator/Procurement Officer 39-43 Barbados Avenue, Kingston 5 Tel: 1-876-906-3010
Jamaica
Email :brownn@fscjamaica.org

Tender Details

Expression of Interest are invited for Development and Implementation of a Framework for Micro-Pensions in Jamaica.

Institution: Financial Services Commission of Jamaica
Country: Jamaica

Project: Strengthening the Institutional Capacity of the Financial Services Commission of Jamaica

Sector: Financial

Abstract: The Financial Services Commission (“FSC”) was established in August 2001 by virtue of the Financial Services Commission Act of 2001 (“FSC Act”) as an autonomous body for regulating and supervising entities providing fi nancial services that do not involve deposit-taking. The FSC is responsible for supervising the Insurance, Securities and Private Pensions Industries. Pursuant to the Pensions (Superannuation Funds and Retirement Schemes) Act, 2004 (“Pensions Act”) and the FSC Act the FSC-s mandate includes the national extension of pension coverage for both the formal and informal sectors. The FSC wishes to undertake a study to inform the development of an enabling environment for retirement savings through the promotion and facilitation of appropriate retirement products and/or mechanisms, particularly for vulnerable segments of the population. This will require a diagnostic study which will include an analysis of the existing pensions system, the wider financial sector (informal sector banking and savings, relevant insurance products, mobile money, etc.) and other salient issues such as national identification with a view to identifying innovative and evolving savings mechanisms which potentially can be utilized by the pensions industry and how these may best be facilitated by the existing regulatory framework and any necessary amendments thereto.
Loan/Credit/Grant No.: ATN/OC-15771-JA
Contract/Bid No. : EOI-FSC-IDB-05
Deadline: May 24, 2019

The FSC has applied for financing from the Inter-American Development Bank (IDB) towards the cost of the Strengthening of the Institutional Capacity of the FSC, and intends to apply part of the proceeds for consulting services.

The services of the Consultant will be required for approximately five (5) months.

The FSC now invites eligible individual consultants to indicate their interest in providing these services. Interested consultants should provide information demonstrating that they have the required qualification and relevant experience to perform the services required. The shortlisting requirements are:

1. At least ten (10) years- experience providing services in the financial services sector regionally or internationally.

2. Evidence of similar/related assignments conducted:

i. Within the pensions sector and/or the financial services sector for regulatory bodies.

ii. Demonstrating knowledge of international best practices and cross regional experience in pensions regulation and reform.

The short list may comprise entirely national consultants. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants financed by the Inter-American Development Bank GN-2350-9 (Consultant Policies) and is open to all eligible bidders as defined in the policies. A Consultant will be selected in accordance with the Quality and Cost-based Selection method set out in the Consultant Policies.

Further information can be obtained at the address below during office hours 8:30 a.m. to 4:30 p.m. Résumé must be submitted to the address below by email by May 24, 2019.

Financial Services Commission
Attn: Ms. Nordian Brown, Technical Assistance Project
Coordinator/Procurement Officer
39-43 Barbados Avenue, Kingston 5
Jamaica, West Indies
Tel: 1-876-906-3010
Email: brownn@fscjamaica.org

Documents

 Tender Notice