Euraplan, the UK pension fund accounting and monitoring service, has launched a new system delivering investment reporting to larger schemes with £750m or more.
The multi-currency OpenAIR Investments - the second module of OpenAIR Accounts - allows pension funds to check the activities of its fund managers and custodians, according to Euraplan.
The service includes multi-scheme reporting, a full audit trail, dividend/tax monitoring, portfolio-specific pricing sources, and an e-interface with fund managers and custodians.
Roger Forder, chief executive of the London-based firm added: “The enormous responsibilities pension schemes bear in terms of funding the retirement of their members ... make it absolutely imperative that a pension fund undertakes its own verification of the performance of fund managers and custodians in every respect.”
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