FINLAND - To protect its stake in the Finnish occupational pensions market, Pension Fennia has adopted Finance KIT version 5.0, the latest upgrade from financial technology provider Trema.
Pension Fennia selected Trema's Finance KIT at the beginning of 2001 to manage its investment assets. Implementation began in February to install key front, middle and back office functionality providing Pension Fennia with straight-through processing.
The project also covered the implementation of limit functionality to monitor both credit risk and asset allocation limits. With regard to instruments, emphasis was on fixed income and the management of equities as well as money market instruments and foreign exchange to cover the exposure of the foreign currency denominated investments.
An additional step will be taken in the coming months to implement performance measurement functionality.
By Janet Du Chenne
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