PFaroe provides FTSE-100 company Babcock International Group plc. and the trustees of its four defined benefit pension schemes with a trusted, central source of accurate and timely information. Crucially, this has transformed the debate between sponsor, trustees and consultants from an age-old one around the validity of the numbers, to a more constructive one focusing on finding solutions to the issue of the day.
RiskFirst has announced a new client win with Babcock International Group PLC. The FTSE-250 company is adopting RiskFirst's risk management platform PFaroe, to provide Babcock and the trustees with timely, detailed and accurate information for its DB pension's risk. Babcock, whose aggregate pension liabilities exceed £2.8bn will use PFaroe's analytics to provide it with up to date information on its schemes as part of its liability management and as a core part of a trigger-based investment strategy for its investment sub-committee.
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