Defined Benefit (DB) Pension Plan Asset-Liability (AL) Study

About Farm Credit Canada 

FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $38 billion. Our employees are dedicated to the future of Canadian agriculture and food. We provide flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industries. As a self-sustaining Crown corporation, we provide an appropriate return to our shareholder, and reinvest our profits back into the industries and communities we serve. Visit fcc.ca or follow us on Facebook, Instagram, LinkedIn, and on Twitter @FCCagriculture. 

RFP Scope:  

FCC is seeking proposals from professional, qualified firms to perform an Asset-Liability (AL) Study of the defined benefit (DB) pension plan. The objective of the AL Study is to review FCC’s current DB pension plan assets and liabilities and provide an assessment on how adverse risk scenarios under various asset mixes will affect the plan’s financial position, funding and risk exposures. Based on the AL model outcomes, recommendations on an appropriate asset allocation that will meet FCC’s primary objectives of balancing member experience and benefit security as well as minimizing risk and the impact on FCC’s balance sheet and income statement while ensuring that objectives related to going-concern, solvency, and normal (employee and employer) costs are being met. Recommendations should consider trade-offs and impacts of reducing risk (liability-hedging portfolio) and generating returns (return-generating portfolio), and strategies to address specific risks (longevity, inflation, etc.) that may not be addressed today. 

RFP Schedule:  

• RFP issue date: March 26, 2020  

• Vendor questions accepted until: April 10, 2020 at 2:00 PM  

• RFP closing date and time: April 23, 2020 at 2:00 PM   

Note: All times are CST, Saskatchewan.  

Vendors should note that: 

• this opportunity notice references a non-binding, competitive RFP, not a call for tenders. FCC is not obligated to proceed with the work described in the RFP scope, and may cancel the RFP at any time. 

• FCC’s procurement process allows for negotiation between FCC and one or more vendors, prior to awarding a contract. 

Requesting the RFP Document:

Capable vendors who are interested in receiving a copy of the RFP document are to contact:

Owen McNamara 

Procurement and Vendor Manager 

Farm Credit Canada

procurement@fcc.ca 

Note: Vendors do not receive the RFP document by registering for the list of interested suppliers (“LIS”) on buyandsell.ca. Vendors must request the RFP document through FCC’s designated RFP contact.