BNY Mellon has teamed up with investment consulting firm Redington to offer its UK pension fund clients an enhanced asset and liability risk reporting service.
The new service allows pension funds to monitor both their funding position on a quarterly basis (based on monthly calculations) as well as their level of risk exposure, helping fiduciaries and scheme trustees understand how to meet their current and future liabilities.
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It also offers analysis of the sensitivity of the scheme’s funding position that may be impacted by changes in the external economic environment.
BNY Mellon’s ability to provide tailored client portfolio data, notably in respect of derivatives, and to enhance the speed of data delivery are crucial elements that facilitate this service.
Fraser Priestley, Head of Consulting, Global Risk Solutions EMEA at BNY Mellon, said: "The depth and breadth of reporting we offer is a key part of our value proposition to the pensions market in terms of helping schemes with the provision of strong governance around their investments."
Robert Gardner, founder and co-chief executive at Redington, said: "The relationship with BNY Mellon affords us the opportunity to expand iRIS, our risk reporting tool, to more clients. BNY Mellon’s granular data can be uploaded directly into our systems, ensuring our mutual clients receive best in class reporting coupled with thorough analysis."
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