LCP head of trustee consulting Jill Ampleford and investment partner James Fermont
LCP has updated its Visualise technology platform in a bid to give trustees and sponsors a more joined up view of their pension scheme.
The technology provides real time analysis of DB pensions, and has now been fully integrated to combine funding, investment, administration and covenant features in one place. It gives trustees and sponsors a clearer, faster, and more joined-up view of their pension scheme.
The consultancy said the update - Visualise+ - has now been "fully integrated" to combine funding, investment, administration and covenant features in one place.
Some of the key changes are:
- New funding functionality such as a new journey planning page, allowing users to project assets and liabilities to understand the impacts of different strategies, including those that generate and deploy surplus.
- Aligning with the DB funding scheme, a redesigned covenant functionality gives users the ability to understand how covenant reliability and longevity periods could impact journey planning and investment strategies.
- There is more granular monitoring of investment portfolios, and an array of performance metrics are available.
- Real-time pensions administration reports have been brought within the platform to give trustees a view into their membership and how they are engaging with the scheme.
LCP head of trustee consulting Jill Ampleford commented: "Now the Pension Schemes Bill has been published, schemes know the direction of regulatory travel and will now be considering what this means for their own strategic journey plan. Having access to technology that provides a holistic view of all important areas is crucial and LCP Visualise+ delivers that."
LCP investment partner James Fermont added: "Investment is such a crucial factor in getting good member outcomes and LCP Visualise+ gives schemes a clear handle on how investment strategy, investment managers and risk management approach will impact these outcomes."
