Contractual services for pension management consulting will include, but not be limited to the following: 1. Development of Investment Policy Objectives and Guidelines: Assist the Town with potential revision of the current investment policy statement and the periodic review of policy statements that properly reflect the Town's tolerance for risk and that best help the Town meet its rate-of-return, funded status and administrative expense objectives. 2. Asset Allocation Studies: Evaluate the Plans’ current asset allocation and asset allocation guidelines to determine whether or not they are consistent with the Town’s investment objectives and guidelines. 3. Investment Manager Search/Recommendation: When deemed necessary or appropriate, assist the Town in its due diligence and search for investment advisor(s)/manager(s) utilizing the appropriate database(s) of capability and performance data...
