Lockton adopts RiskFirst’s PFaroe to meet pension plans’ demand for holistic analytics

Lockton – a global provider of risk management, employee benefits, and retirement consulting services – has adopted RiskFirst’s real-time risk analytics platform, PFaroe, to analyze clients’ pension plans and optimize assets and liabilities to strategically manage plan risk.

Furthermore, Pam Devling, Vice President and Consulting Actuary at Lockton says: “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.”

PFaroe is web-based, and allows users to evaluate risk from multiple perspectives and 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.

Following Moorgate’s outreach, the news was covered by: PLANSPONSOR, insurancenewsnet.com, Fintech Finance, Institutional Asset Manager, PlanAdviser, Reinsurance News and Yahoo Finance

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