RiskFirst Analytics has received two awards from European Pensions, the leading trade publication for the European pensions industry. RiskFirst Analytics accepted European Pensions’ special new award for “European Pensions Innovation” and the award for “Pensions Technology Provider of the Year” at the European Pensions Awards ceremony, Lancaster London Hotel, on Thursday 1 July 2010.

Now in their third year, the European Pensions Awards were set up to honour investment firms, consultancies and pension providers across Europe that set the highest standards for services to European pension funds.

Ten organisations were short listed for the new European Pensions Innovation award, including Towers Watson, Mercer and Aegon.

Benjamin Reid, CEO of RiskFirst Analytics, says, “We are honoured to receive these awards, voted for by the distinguished panel of judges from all corners of the pension industry. They are a strong endorsement of our unique proposition for pension schemes.”

Eight providers were shortlisted for the Pensions Technology Provider of the Year award, including Towers Watson and Friends Provident. RiskFirst Analytics was the unanimous choice of the judges.

Fiona Page, CTO of RiskFirst Analytics who accepted the awards from TV personality Ruby Wax, says, “These two awards are a huge reward for our remarkable team, which has taken a vision to change the way the DB industry measures and manages risk and created a world class product. The awards are also an endorsement of our unique approach to product development, which combines input from our broad skills base, including pensions, capital markets and technology. As a result PFaroe will provide pension managers worldwide with a powerful and intuitive tool for managing risk.”

Award details (from the European Pensions website)

“European Pensions Innovation” The Innovation award is for firms that have brought innovation to the pensions marketplace, be it through a particular product, service offering or overall business approach. This is a new category launched this year, designed in response to the market volatility and to recognise those firms that have responded to market pressures with originality and creativity.

“Pensions Technology Provider of the Year” Effective and reliable pensions technology is essential for the successful running of any pension fund. This award will recognise those firms that are leaders in the field of pensions technology, and ultimately reward who is the best of the best.

The judging panel for the 2010 Awards was made up of 28 judges from across the European pensions industry, including providers, pension funds, consultants and representatives from various European pensions and investment associations. A detailed explanation of the judges’ final decisions is to be published in the European Pensions Awards write-up after the Awards ceremony taking place on 1 July 2010.