PensionsDec 1 2015

‘Adopting PFaroe platform tech is well worth the risk’

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Software can help consultants and advisers look at where the risks are in their client’s pensions strategy, Matthew Seymour has said.

The managing director of RiskFirst, creator of risk analytics platform PFaroe, said it was important that technology kept pace with regulation and the demands of advisers for more sophisticated software.

Mr Seymour said: “The UK advisory space is swiftly ramping up in sophistication in terms of the way it deals with risk, and it is pleasing for us to see that over a third of UK defined benefit schemes now have an adviser using PFaroe.”

The PFaroe platform has already been adopted by national UK pensions consultancy Premier. John Herbert, head of actuarial services at Premier, comments: “We pride ourselves on providing a service that’s innovative, accurate, timely, forward-looking and adaptable.

“PFaroe has enabled us to enrich our client experience with real-time pension information and analytics in a cost-effective manner.”

Adviser view

Ian Wilkinson, managing director of Newcastle-based financial planner Rutherford Wilkinson, has adopted PFaroe. He said: “Such high-level advice based on detailed asset, liability and risk information has been the preserve of the larger consultancies.

“But we can offer it independently, which is fantastic from a business development perspective.”