Censeo will use RiskFirst’s PFaroe to enhance client understanding and implementation of integrated risk management

The UK-based independent actuarial and pensions consultancy will employ the risk management platform to help defined benefit (DB) pension schemes assess, prioritise and manage their investment and funding risks in an integrated manner.

Censeo Actuaries & Consultants has adopted RiskFirst’s PFaroe to enhance its defined benefit (DB) pension clients’ understanding and implementation of integrated risk management. PFaroe will allow Censeo to offer daily asset and liability valuations, as well as more sophisticated investment advice, facilitating more effective scheme risk management and clearer identification of triggers for de-risking.

Gail Higgins, Managing Director, Censeo, says: “PFaroe allows us to enhance our service offering for existing and potential clients and is a powerful tool for driving enhanced understanding of an integrated risk management approach – allowing DB schemes to assess, prioritise and manage holistically the employer covenant, investment and funding risks, in accordance with the Pensions Regulator’s guidance. Using RiskFirst’s technology means that we can offer such a service efficiently and in a cost-effective way.”

Matthew Seymour, CEO, RiskFirst, comments: “We are seeing more and more pension schemes looking to get to grips with the concept of integrated risk management and we are delighted that Censeo is adopting PFaroe to help its clients do this. PFaroe’s complex analytics allows schemes to really delve into the risk factors affecting funding levels yet, at the same time, its intuitive design makes complex concepts understandable, driving more meaningful and interactive relationships between schemes and their advisers.”