University of Glasgow Pension Scheme, Glasgow, Scotland, is searching for a consultant to help with the design, development and implementation of a long-term funding plan, said a notice on procurement website Public Contracts Scotland.
The pension fund has £340 million ($528 million) of assets, according to the latest funding update on the university's website.
Pension fund trustees want to move to income-generating assets from the current return-seeking asset allocation, said the notice, in an effort to avoid asking for additional contributions from the sponsoring employer.
The funding update said the asset allocation was 31% invested in overseas equities, 30% in government and corporate bonds, 21% in a diversified growth fund, 16% in U.K. equities and the remainder in cash and other assets.
The deadline for applications is Aug. 19. Further information is available on the procurement website.
An official in the University of Glasgow's procurement office referred questions to the tender documents.