The Maldives Pension Act (Act Number: 8/2009) requires the Maldives Pension Administration Office (Pension Office) to appoint a custodian to safekeep the invested Pension Assets. 

In this regard, the Pension Office invites licensed Financial Institutions to submit proposals for providing custodian services for Maldives Retirement Pension Scheme (MRPS) assets for a period of 3 years from  01 July 2025 to 30 June 2028.

Interested parties are requested to submit Technical and Financial proposals separately in sealed envelopes latest by 14:00 hours, 14 April 2025 (Monday), to the following address:

Maldives Pension Administration Office

8th Floor, Allied Building

Chaandhanee Magu

Male’, Maldives

The Request for Proposal (RFP) document is uploaded to the Gazette with this announcement.