Northern Trust Boosts Reporting Solution For Pension Funds

Northern Trust has enhanced its range of asset-liability reporting solutions by adopting the analytics from a web-based platform provided by RiskFirst, a financial technology firm.

The platform, known as PFaroes, will be integrated with Northern Trust’s global operating platform, enabling pension funds to gain better insights into their risk exposures by profiling assets and liabilities side by side in the same framework, helping facilitate investment decisions.

“Pension funds are increasingly looking for tools that enable them to view their assets and liabilities holistically, rather than in isolation,” says Ian Castledine, global head of Investment Risk and Compliance Product, Northern Trust.

Northern Trust has made large inroads in the pension market, after securing a number of mandates to provide global custody and securities lending to U.K. County Council pension funds.

Furthermore in September, Northern Trust enhanced its fair valuation reporting solutions to help its pension fund clients meet the International Accounting Standard 19 (IAS19) reporting rules.

“Our enhanced solution adds significant granularity to our liability modelling capabilities, enabling our clients to have a far better understanding of their asset-liability position,” adds Castledine.