Trinity Mirror plc, has become the latest company to adopt PFaroe, RiskFirst’s business intelligence platform to measure and manage its defined benefit pension funding and risk
London. 9th November 2011. RiskFirst, a technology company, has announced a new client win with Trinity Mirror plc adopting their business intelligence platform, PFaroe. Trinity Mirror is one of the UK’s largest newspaper publishers with a portfolio including five national newspapers, over 160 regional newspapers and more than 500 digital products. Trinity Mirror operates 10 defined benefit schemes and is committed to eliminating its pension deficit.
Iain Urquhart, Trinity Mirror’s Group Pensions Director comments “We’ve decided to adopt PFaroe as it enables us to have much better oversight of our schemes assets, liabilities and risk. Having all these attributes on one platform drives operational efficiencies, enhances our financial management of the schemes and is a significant step forward in empowering us to achieve our strategic goal to eliminate the deficit.”
Benjamin Reid, President, RiskFirst Analytics comments: “As companies adopt more dynamic and sophisticated strategies for their pension risk management, we are increasingly seeing a greater demand for more frequent and comprehensive analytics. We believe PFaroe is the only risk management platform built specifically for the defined benefit pension market and we are delighted Trinity Mirror has chosen to use it to help them achieve their risk management objectives.”