Capita Employee Benefits Selects RiskFirst’s PFaroe To Enhance Holistic Consulting Approach
May 28 2015 - 4:00AM
Business Wire
The employee benefits consultancy will use
RiskFirst’s web-based platform to provide its defined benefit (DB)
clients with actuarial valuation, investment monitoring and risk
management analytics holistically, and in real-time. The agreement
means that over a third of UK DB schemes now have an advisor using
PFaroe.
Capita Employee Benefits – the largest UK-owned employee
benefits consultancy with over 50 qualified actuaries – has adopted
RiskFirst’s real-time analytics and reporting platform, PFaroe.
PFaroe will allow Capita Employee Benefits to provide clients with
granular valuations, as well as enabling them to evaluate clients’
risk from multiple perspectives and to perform real-time scenario
stress-testing. Clients will also be able to access scheme
information directly through the system’s online dashboard.
Julie Stothard, Director of Actuarial, Investment and DB
Consulting, Capita Employee Benefits, says: “We take a holistic
approach to advising clients – with our actuaries, investment
consultants and DB consultants working as a single team – and we
therefore needed a system to complement this philosophy. Having one
system that allows us to analyse risk, implement de-risking
strategies and look at long-term funding solutions – all at the
click of a button – will not only drive improved efficiency, but
also enhance client interaction and experience.”
Matthew Seymour, Managing Director, RiskFirst, comments: “
PFaroe’s cross-balance sheet analytics were specifically designed
to help engage pension schemes in pension risk management. Over a
third of the UK DB market now has an advisor using PFaroe - it’s
pleasing to see such a large portion of schemes benefiting from the
analytics through agreements such as this.”
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About Capita Employee Benefits
Capita Employee Benefits is the largest UK owned employee
benefits business. Services it offers include; pensions
administration, data cleansing, auto-enrolment, investment
consultancy, employee benefits consultancy and DC and DB pension
scheme consultancy. In addition to these services, Capita Employee
Benefits offers award winning pensions administration and employee
benefits technology, including its online employee benefits portal
- Orbit. It currently provides services to over 1,000 public and
private sector clients, manages 300,000 people’s employee benefits
via Orbit and administers 4million members’ pensions. Its workforce
comprises of over 2,400 employees operating from 19 locations
across the UK and Ireland. Capita Employee Benefits is part of
Capita plc, a FTSE 100 company.
For more information visit www.capitaemployeebenefits.co.uk
About RiskFirst
RiskFirst (formerly PensionsFirst) 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
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