Shropshire County Pension Fund, Shrewsbury, England, is searching for an investment consultant, said Graham Chidlow, head of finance for the £920 million ($1.3 billion) plan.
This is the first time incumbent Russell Investments will have to rebid since taking on the role in 2000. Fund officials are happy with Russell but wanted to test the market before an actuarial valuation and strategic asset allocation review begins in November, Mr. Chidlow said.
Proposals are due Aug. 2. A selection is expected in October, Mr. Chidlow said. Questions should be directed to Mr. Chidlow at [email protected]