Enhanced service for UK pension funds
23 September 2014 London
Image: Shutterstock
BNY Mellon and Redington are teaming up to offer Redington’s pension fund clients an enhanced asset and liability risk reporting service.
The service allows pension funds to monitor both the funding position on a quarterly basis as well as the level of risk exposure, which will help fiduciaries and scheme trustees understand how to meet their current and future liabilities.
The service is also offering analysis of the sensitivity of scheme’s funding position that could be impacted by changes in the external economic environment.
Fraser Priestley, head of consulting for global risk solutions, Europe, Middle East and Africa at BNY Mellon said: “The depth and breadth of reporting we offer is a key part of our value proposition to the pensions market in terms of helping schemes with the provision of strong governance around their investment.”
Robert Gardner, founder and co-chief executive at Redington, said: “The relationship with BNY Mellon affords us the opportunity to expand iRIS, our reporting tool, to more clients.”
“BNY Mellon’s granular data can be uploaded directly into our systems, ensuring our mutual clients receive best in class reporting coupled with thorough analysis.”
The service allows pension funds to monitor both the funding position on a quarterly basis as well as the level of risk exposure, which will help fiduciaries and scheme trustees understand how to meet their current and future liabilities.
The service is also offering analysis of the sensitivity of scheme’s funding position that could be impacted by changes in the external economic environment.
Fraser Priestley, head of consulting for global risk solutions, Europe, Middle East and Africa at BNY Mellon said: “The depth and breadth of reporting we offer is a key part of our value proposition to the pensions market in terms of helping schemes with the provision of strong governance around their investment.”
Robert Gardner, founder and co-chief executive at Redington, said: “The relationship with BNY Mellon affords us the opportunity to expand iRIS, our reporting tool, to more clients.”
“BNY Mellon’s granular data can be uploaded directly into our systems, ensuring our mutual clients receive best in class reporting coupled with thorough analysis.”
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