Hymans Robertson Employer Asset Tracker (HEAT)

Robert Bilton

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Robert Bilton, Partner and Actuary

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HEAT is a unique tool designed specifically for the LGPS to track and report employer assets. 

What does HEAT do?

The LGPS has changed in the last decade, and the way funds account for employer asset shares needs to change in order to meet higher standards and expectations. Our ground-breaking and unique tool, Hymans Robertson Employer Asset Tracker (HEAT), was developed in partnership with two LGPS funds to give you the ability to track employer assets on a monthly basis making your valuations more accurate and transparent. HEAT also allows you to efficiently and flexibly operate different investment strategies, meeting the specific needs of all employers in a LGPS fund. Here's how it works:

  1. Each employer is allocated a notional asset share
  2. Employer asset shares are tracked monthly, allowing for all cashflows in and out
  3. Changes in the value of the fund’s underlying assets are reflected in the employers’ asset shares
  4. A monthly asset statement is created for each employer

I see HEAT as a transformational change, a springboard for future development on many fronts, facilitating improvements in terms of robustness of employer valuations, bespoke investment strategies, and potential joint working on the investment front.

Steve Taylor - Greater Manchester Pension Fund

What are the benefits of using HEAT?

Our clients told us they wanted to track employers' asset positions quickly and accurately and they needed to be able to offer different employers different investment strategies. The benefits of using HEAT include:

  • Accuracy: track assets more accurately and reduce cross-subsidy between employers
  • Transparency: reduce risk with greater clarity and the ability to verify employer asset shares and monthly cashflows
  • Streamline costs: get faster actuarial calculations at lower cost using HEAT to track assets
  • Reduce workload: automate the monthly provision of cashflow data to reduce effort for your team at valuations & accounting exercises
  • Better employer funding outcomes: implementation and operation of employer investment strategies is simple and straight-forward

LGPS Tools and Technology

The information you need at your fingertips

We use the latest advances in digital technology to enrich every aspect of our service. Our suite of LGPS bespoke tools are designed to help you manage your fund, communicate with your members and provide an excellent service to a growing employer base. 

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Get in touch

If you would like to find out more please don't hesitate to contact Rob.

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