Babcock International Group PLC, the leading engineering support services company has become the latest UK pension sponsor to adopt PFaroe, RiskFirst’s award-winning risk management platform.

RiskFirst has announced a new client win with Babcock International Group PLC. The FTSE-250 company is adopting RiskFirst’s risk management platform PFaroe, to provide Babcock and the trustees with timely, detailed and accurate information for its DB pension’s risk. Babcock, whose aggregate pension liabilities exceed £2.8bn will use PFaroe’s analytics to provide it with up to date information on its schemes as part of its liability management and as a core part of a trigger-based investment strategy for its investment sub-committee.

“The investment strategy for a number of our schemes involves changes to asset allocations triggered by reaching specific funding levels,” says Andrew Birkett, Group Pensions Manager at Babcock. “To implement this strategy effectively it is critical to have accurate liability and funding level information available on a daily basis – this wasn’t available from any other sources so we have adopted the technology platform provided by PFaroe which enables the investment sub-committee to react quickly and take advantage of market opportunities for the benefit of the schemes”

Benjamin Reid, CEO, RiskFirst Analytics comments:

“Babcock has a very forward-looking pension strategy with an emphasis on triggers, and we’re delighted that they have chosen PFaroe as their pension risk management platform and RiskFirst as their technology partner.”