Lothian Pension Fund, Edinburgh, is searching for a provider of independent performance measurement and risk analysis for its £5.4 billion ($7 billion) pension fund, said a spokeswoman.
The £1.8 billion Falkirk Council Pension Fund may also choose to adopt this contract, said a filing with Scottish procurement website Public Contracts Scotland.
Lothian currently uses Portfolio Evaluation for the service, and the contract term is expiring soon. The spokeswoman added in an e-mail that anyone meeting the requirements of the search may bid, including the incumbent.
Proposals are due Oct. 19, and a final decision is expected to be made in November. Further details are available on Public Contracts Scotland.
Spokesmen for Falkirk could not be reached for comment by press time.