PFaroe allows users to change key assumptions prior to execution to test a range of differing suggestions and advice, in real time.
By being more informed, scheme stakeholders will have a deeper understanding of their risk exposure, resulting in better decisions.
PFaroe makes it possible to access information that is unique and of a higher quality than has previously been available.
As market conditions change and de-risking opportunities become compelling, PFaroe provides stakeholders with up-to-date information at their fingertips, allowing them to react far quicker and with more confidence than ever before.
PFaroe dramatically improves the implementation of de-risking and other projects including trigger-based investment strategies; Liability Driven Investment; Enhanced Transfer Value and Pension Increase Exchange exercises, and buy-ins or buyouts.
PFaroe provides intuitive and easy-to-access information, on a web-based platform common to all stakeholders. Users of PFaroe comment on how this drives consensus and improves the nature and relevance of discussions. Assets, liabilities and risk are modelled consistently and consolidated on one platform. Decision making is informed and the effects of suggested actions can be tested in real time.
PFaroe liability valuation outputs are used to streamline accounting and other statutory requirements.
Clients in the financial sector save time and effort by using PFaroe to satisfy their regulatory risk and capital reporting needs. Their feedback is that PFaroe provides reassurance and gives them confidence in the numbers reported.
Clients report that PFaroe is the catalyst for more meaningful and interactive relationships with colleagues and advisers.
PFaroe helps stakeholders avoid surprises through facilitating a more pro-active approach to the management of risk. Clients and advisers tell us that trustees understand complex concepts much more easily.
A clear and easy-to-use interface means that you don’t have to be an actuary to use PFaroe – yet at the same time it still delivers the complex detail required by sophisticated users.
Traditionally, pension schemes have obtained asset, liability and risk information from multiple sources. PFaroe provides consolidated and consistent scheme-specific information in one place for all stakeholders, and is therefore often used as the focal point for meetings. And with readily available accurate and timely numbers, these meetings can produce more efficient decisions.
Because of the intuitive nature of PFaroe, all stakeholders can easily see how the financial climate can affect their scheme at any time. Complex risk, investment and scheme management issues therefore become easier to understand.
Good governance is essential to a well-managed pension scheme and is the responsibility of all stakeholders. Because PFaroe uses the latest technologies, historic valuation and risk data is kept and can be viewed and reported, on demand. This central repository helps trustees and sponsors to build the necessary controls to ensure they meet their governance obligations.
PFaroe’s regular, easy-to-access analytics allow trustees to frequently monitor and review a scheme’s position efficiently and effectively.
PFaroe allows users to test different approaches to employer contributions and allows the trustees and sponsors to work together from the same platform to determine a suitable strategy.