NORWAY - The Hordaland County Council (Hordaland Fylkeskommune) has issued a tender for a public service pension product.
The mandate states that the selected operator must have an ethical set of rules for pension fund allocation.
This means it should seek to avoid investments that contribute to breaches of the UN's Human Rights Convention.
The one year contract is estimated to be worth NOK20m (€2.5m) and will begin on 1 January 2008. It also contains an option to extend the term for another year.
Aon Grieg is advising Hordaland County Council and envisages three operators will be invited to tender.
The deadline for submissions is 24 September 2007.
Hordaland is the central county of Western Norway and the county council stated in the contract notice that it was seeking applications for the registered public service pension product with Kredittilsynet, the Financial Supervisory Authority of Norway, and parties in KS' tariffområde, the municipal sector tariff area.
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