RiskTech Forum

Lockton Harnesses RiskFirst to Satisfy Holistic Analytics

Posted: 17 March 2017  |  Source: RiskFirst


Lockton has adopted RiskFirst’s real-time risk analytics platform, PFaroe, to provide clients with faster, more efficient and more comprehensive pension metrics.  In an environment of increasing expense and volatility, this service will help plan sponsors better manage the risks associated with their defined benefit plans.

Lockton Companies – a global provider of risk management, employee benefits, and retirement consulting services – has adopted PFaroe. The web-based platform will help the firm’s Retirement Services division analyze clients’ pension plans and optimize assets and liabilities to strategically manage plan risk. PFaroe will also allow Lockton to create scenarios that assess the impact of changing economic assumptions and market conditions, as well as model alternate asset allocation strategies.

Pam Devling, Vice President and Consulting Actuary at Lockton, says: “Pension benefit obligations remain a significant risk to many plan sponsors.  Our approach to retirement consulting must be very holistic; looking not just at investments and liabilities on a standalone basis, but also at their interaction and how they may be affected by plan sponsor decisions or market movements. PFaroe’s real-time insights and detailed projection models will be of tremendous value to our clients’ plan design and risk transfer decisions.” 

Devling adds: “Pension plan sponsors have been underserved when it comes to sophisticated risk analysis, especially mid-market plans. But PFaroe’s efficiency and ease of use is helping to change that. We are glad to now be able to offer our clients such powerful and innovative capabilities.”

Matthew Seymour, CEO, RiskFirst, says: “The evolution of the pensions market in the US – whether this be through liability-driven investing or de-risking strategies – is making the ability to have real-time data across assets and liabilities vital. We are delighted that Lockton is using PFaroe to ensure that their clients have access to these important analytics in their own toolbox as they head towards their own end-games.”