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.”
By Madhu Kalia
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.