[March 15, 2017] |
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Lockton Harnesses RiskFirst's PFaroe To Meet Pension Plans' Demand for Holistic Analytics
Lockton
Companies - a global provider of risk management, employee benefits,
and retirement consulting services - has adopted PFaroe. The web-based
platform will help the firm's Retirement Services division analyze
clients' pension plans and optimize assets and liabilities to
strategically manage plan risk. PFaroe will also allow Lockton to create
scenarios that assess the impact of changing economic assumptions and
market conditions, as well as model alternate asset allocation
strategies.
Pam Devling, Vice President and Consulting Actuary at Lockton, says:
"Pension benefit obligations remain a significant risk to many plan
sponsors. Our approach to retirement consulting must be very holistic;
looking not just at investments and liabilities on a standalone basis,
but also at their interaction and how they may be affected by plan
sponsor decisions or market movements. PFaroe's real-time insights and
detailed projection models will be of tremendous value to our clients'
plan design and risk transfer decisions."
Devling adds: "Pension plan sponsors have been underserved when it comes
to sophisticated risk analysis, especially mid-market plans. But
PFaroe's efficiency and ease of use is helping to change that. We are
glad to now be able to offer our clients such powerful and innovative
capabilities."
Matthew Seymour, CEO, RiskFirst, says: "The evolution of the pnsions
market in the US - whether this be through liability-driven investing or
de-risking strategies - is making the ability to have real-time data
across assets and liabilities vital. We are delighted that Lockton is
using PFaroe to ensure that their clients have access to these important
analytics in their own toolbox as they head towards their own end-games."
About Lockton
More than 6,000 professionals at Lockton provide
50,000+ clients around the world with risk management, insurance,
employee benefits consulting, and retirement services that improve their
businesses. From its founding in 1966 in Kansas City, Missouri, Lockton
has attracted entrepreneurial professionals who have driven its growth
to become the largest privately held, independent insurance broker in
the world. For seven consecutive years, Business Insurance
magazine has recognized Lockton as a "Best
Place to Work in Insurance," and, for two years running, PlanAdviser
magazine has recognized the firm as one of the "Top 100 Retirement Plan
Advisers." To see the latest insights from Lockton's retirement experts,
please go to www.lockton.com/retirement-overview.
About RiskFirst
RiskFirst is a financial technology business that provides intuitive,
user-friendly risk analytics and reporting. Its core product PFaroe® is
web-based, available anytime and anywhere, and allows users to evaluate
risk from multiple perspectives and to perform real-time scenario stress
testing. Initially targeted to defined benefit pension plans, it is now
the market leader in the UK, with a growing foothold in the U.S.
For more information please go to www.riskfirst.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20170315005589/en/
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