LifeWorks will be using Moody’s PFaroe DB (defined benefit) pension risk modelling technology solution as part of its investment and risk management services for its broad set of public and private pension plan clients.
LifeWorks will use the PFaroe DB system to develop and monitor investment strategies for its clients using the tool’s powerful asset-liability modelling functionality, in addition to managing de-risking glide paths and monitoring plan performance, providing detailed risk analysis and supporting client governance. The scalable and user-friendly system will also allow LifeWorks to add further operational efficiency in its client delivery and management processes.
“To achieve the best outcomes for pension plans, it is essential to have real-time asset-liability data and analytics at your fingertips,” says Idan Shlesinger, Executive Vice President and President, Retirement and Financial Solutions, at LifeWorks. “We are delighted that our clients will be the first in Canada to benefit from the PFaroe DB platform’s world-leading capabilities, which are all fully tailored to the local market and expertly applied by our consultants.”
Owais Rana, Senior Director, North America at Moody’s Analytics, says: “We are incredibly pleased to be building our client base in Canada so soon after launching the Canadian version of the system. To be working with LifeWorks is a great endorsement of the value the PFaroe DB platform has to offer in supporting public and private pension plans across Canada, to deliver the best possible outcomes for plans’ members. We see Canada to be a strategic growth market, not just for the PFaroe DB solution, but across the full spectrum of our financial technology solutions for institutional investors and their advisors.”
