RiskFirst announce another new client win with HEINEKEN’s UK operating business signing up to use the PFaroe risk management platform to help them measure and manage their defined benefit pension plan risk.
HEINEKEN, the international beer and cider business, has selected RiskFirst as its technology partner to provide advanced analytics on its pension plan. RiskFirst’s award-winning risk management platform, PFaroe®, will empower HEINEKEN to manage its £2.5bn of UK pension obligations in a more timely, accurate and efficient manner. HEINEKEN will use the technology to drive more effective risk management of its assets and liabilities, and to improve the quality of management reporting.
Carol Young, Pensions Manager at HEINEKEN comments “PFaroe’s unique capabilities enable us to achieve our goals of making informed de-risking decisions at the right time with confidence. PFaroe provides us with a greater understanding of the nature of risks within our pension plan, and helps us take advantage of market opportunities to benefit our plan and our members.”
Benjamin Reid, President, RiskFirst Analytics comments: “We are pleased to announce HEINEKEN as the latest client to adopt PFaroe. Heineken share our vision that access to quality analytics is fundamental in achieving asset and liability management objectives, particularly in these uncertain and volatile times.”