Universities Superannuation Scheme (USS) has chosen risk management platform PFaroe to monitor its funding position and evaluate risk.
The web-based platform designed by RiskFirst will also help the scheme's investment arm, USS Investment Management, make decisions about strategy.
USS chief risk officer Guy Coughlan (pictured) said: "The trustee recognises that risk needs to be managed in an integrated fashion across assets and liabilities in order to make optimal decisions.
"It is therefore imperative that we have the in-house capability to value and model liabilities and assets appropriately in changing market conditions and under different economic scenarios. The PFaroe platform is a crucial element in delivering this goal."
Mercer also signed an agreement with RiskFirst to offer PFaroe to clients and pension schemes on 13 April.
RiskFirst chief executive Matthew Seymour added: "Having both USS and Mercer using PFaroe as a tool for liability valuation and risk analysis marks the beginning of a new collaborative way of operating for pension schemes."
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