Life and pensions ALM system of the year – RiskFirst

PFaroeDB from RiskFirst – a Moody’s Analytics company – enables pension plans, their advisers and managers to evaluate risk from multiple perspectives and perform real-time scenario stress-testing. The platform provides a joined-up and transparent view of all asset and liability risk, and facilitates informed analysis of a plan’s overall position. This is handled on a cross-balance sheet basis, with all information in one place so all parties have a consistent view. 

In 2019, RiskFirst made a number of significant advances to PFaroe, partnering with Insight Investment to allow pension plans and consultants to access the data and characteristics of Insight’s liability-driven investment (LDI) pooled funds and buy-and-maintain funds within PFaroeDB. Users can incorporate Insight Investment funds into a broad range of analyses, avoiding the need for the funds to be set up individually by multiple clients. RiskFirst also partnered with Stoxx and jointly launched independent LDI indexes, and with Club Vita to link PFaroeDB to its longevity analytics. 

RiskFirst has also launched PFaroeEnterprise, which enables users to see data and information across their client base as a whole. It provides key insights that allow clients to better serve their customers. 

The judges said:

• PFaroeDB is well established as a leading product for pension funds, and the acquisition of RiskFirst by Moody’s is a further strong endorsement.
• RiskFirst has been a market sector leader with a competitive, functionally rich product and happy users and is now able to leverage Moody’s ownership and assets.

Matthew Seymour, chief executive officer, RiskFirst, says:

“For defined-benefit pension plans, their advisers and managers, risk management is vital. To manage their risk effectively, a joined-up, transparent and up-to-date view of their plan must be available when they need it. That means aligning multiple pieces of fragmented data, which can be quite challenging. Investment managers, trustees, actuaries and other advisers all need to analyse and understand their plan’s overall position. Our PFaroeDB solution offers a central information platform coupled with a comprehensive suite of analytics and tools that provides all involved parties with a clear and consistent view of the plan’s asset and liability risk. PFaroeDB delivers that information on a cross-balance sheet basis, all in one place, so everyone who uses it has the same view. Better and more accessible information leads to better decisions and better outcomes. With PFaroeDB, stakeholders can understand their plan’s performance better and make more strategic decisions accordingly.”

Read more about the Risk Technology Awards 2020 winners

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