Financial services provider State Street Corporation has formed a strategic alliance with risk management and advisory firm PensionsFirst Analytics (PFA).
This will enable State Street to offer PFA’s newly-enhanced service for the management of defined benefit (DB) pension risk.
PFA’s web-based service PFaroe provides an actionable view of plan assets and liabilities on a single platform.
The service is designed to ensure employers, trustees and advisors will be able to make better-informed and more timely investment and de-risking decisions.
Joseph Antonellis, vice chairman of State Street, said: “With concerns about underfunded pensions and the difficulty of accurately measuring liabilities, this innovative new product provides an enhanced level of transparency and insight into pension risk.”
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