Investment - Articles - Broadstone adopts RiskFirst's risk management platform

 Through PFaroe’s analytics, Broadstone can improve monitoring capabilities, obtain greater insights into the risk factors affecting funding levels and identify triggers for de-risking for its broad base of corporate clients. This in turn will allow Broadstone to offer a more comprehensive actuarial and investment risk management solution to pension scheme trustees and sponsors.

 Paul Noone, Director, Trustee Services, Broadstone, says: “Pension scheme assets and liabilities are very much interlinked and should not be viewed in isolation. By offering actuarial and investment advice using the same system, our clients will benefit from a more consistent, reliable assessment of risk. The integrated nature of PFaroe, combined with the platform’s ability to provide valuations and model scenarios in real-time, and its strong reputation in the market in which we operate, made it an obvious choice for us.

 Noone adds: “In the past, the use of such detailed monitoring and analytics has tended to be the preserve of the larger pension fund. Broadstone specialises in the smaller end of the market, and we believe that smaller pension schemes fundamentally face the same challenges and should be able to access the same innovative solutions and capabilities as larger schemes. PFaroe is a means for us to provide that progressive kind of solution to our clients.”

 Matthew Seymour, CEO, RiskFirst, comments: “The value of an integrated approach to risk management cannot be overemphasised, and we are very pleased to be working with Broadstone to help them to drive their business – and schemes in the smaller end of the market – forward with leading analytics.”