Supermarket giant Asda has chosen PwC to provide pension accounting services using Skyval for its defined benefit (DB) scheme.
The scheme will use the platform for valuations, analytics and benchmarking.
The product's funding tracker means Asda can monitor the position of its DB scheme throughout the year.
It can provide the information for all Asda's pension accounting needs required under international accounting standards.
PwC head of pensions Raj Mody (pictured above) said: "Skyval is now being used by over £200bn of pension schemes, of various sizes and types. Our clients are using Skyval manage a vast range of pension issues in a clearer, more accurate and quicker way. The platform is also constantly evolving, with new functionality designed to address our clients' needs."
Last October PwC signed up the majority of bulk annuity insurers to provide information for a live buyout pricing tool on Skyval.
The firm recently hired Nikesh Patel from BlackRock to work in PwC's pension investment advisory business.
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