you can take a look at utf2any
http://www.ctan.org/pkg/utf2any
not sure if it does what you want
or maybe some other package from one of these lists
http://www.ctan.org/keyword/encodings
http://www.ctan.org/characterization/primary/tools/convert-formats/
generally i would say it is preferrable to use a completly utf8 capable toolchain instead of converting utf8 files to non-utf8
edit: i see you want for utf-8 for you bibliography: there are utf-8 capable tools available for this. instead of bibtex you can use biblatex and biber - switching is easy! i have lots of äöüß and more in my .bib-file and it works just great. as a start you can try something like
\usepackage[
backend=biber,
style=authoryear-icomp,
sortlocale=de_DE,
natbib=true,
]{biblatex}
\bibliography{Bibfile}
\usepackage[utf8]{inputenc}to be able to use utf8 characters? – N.N. Oct 12 '11 at 10:11