PNC adoption of RiskFirst’s digital solution “PFaroe” covered by the specialist press

PNC Institutional Advisory Solutions, part of the asset management branch of the Pittsburgh-based PNC Financial Services Group, has adopted RiskFirst’s digital solution PFaroe – to help structure better solutions, improve reporting efficiency and deepen engagement with its defined benefit (DB) pension plan clients. PFaroe will allow increased interactivity with clients, provide forecasting tools to model potential investment strategies, and support the co-ordination and configuration of funded status-based and interest rate-based ‘glide paths’ – as well as automating and enriching report quality for its clients.

PFaroe, launched in 2009, is RiskFirst’s core product, and seeks to enhance the management of defined benefit pension plans and endowments and foundations. With PFaroe already used as a tool for over 1,800 pension schemes, with more than US$750 billion of liabilities, the technology has already achieved market leading status in the UK, with an expanding client base in the US.

The news was covered by the following in the specialist press: Benefits and Pensions Monitor, PlanAdviser, International Securities Services (ISS), RiskTech Forum, Fintech Finance, Finextra, Fintech Insight, Financial IT.

 

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