Coupled with a constantly shifting reporting landscape and an increasing variety of de-risking options, it’s crucial for pensions and finance teams to be able to access accurate, up-to date and reliable accounting metrics when they need it.
Pension risk management for the 21st Century
Our Pensions Accounting Tool provides real-time accounting information driven by our 3DAnalytics technology.
Finance teams get anytime access to likely year-end balance sheet positions based on current market conditions. The impact of changing yields and asset values can be understood quickly. It will also show how that translates to next year’s P&L allowing easy forecasting.
Users can also investigate the sensitivity of results to changing assumptions, such as the discount rate and life expectancy, helping to benchmark relative to peers.
Even the most complex of pension arrangements can be reflected, consolidating multiple schemes in different locations.
Shifting deficit positions due to ongoing market volatility, analysts increasing focus on DB schemes, and changes to pension accounting requirements, mean that the need for up-to-date, real time information for finance and pensions teams has never been greater.
Our Pensions Accounting Tool gives finance teams a holistic solution to monitoring accounting, funding and risk, taking pension risk management into the 21st Century.
Managing Complexity for FirstGroup
We have a complex portfolio, with 18 DB schemes, with rail franchises, irrecoverable surpluses, and overseas plans. Hymans’ online accounting tool copes with this complexity and presents us with reliable information each month at the touch of a button. Having the information displayed as we want it, when we need it, is a step change from where we were. It helped us to budget, forecast and then run the year-end process in a timely and efficient way.
John Chilman, Group Reward & Pensions Director