RSA has selected PensionsFirst to provide advanced analytics on its UK pension plans. The global insurer will use PensionsFirst’s PFaroe web-based platform to drive more effective risk management. Since its launch at the end of 2009, PFaroe has been adopted by more than 30 pension plans representing over £80 billion of pension liabilities.
Sankar Mahalingham, head of group pensions at RSA, says: “We have chosen to use technology to drive much greater operational efficiency into the management and reporting of our DB plans. Given our business, RSA is a very sophisticated risk manager and PFaroe will provide us with the analytical tools to allow us to better manage our defined benefit risk exposures.”
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