The UK-based firm PensionFirst is shifting its focus from providing investment products such as longevity bonds to the risk measurement software that has been developed over the past several years.
The company will provide risk measurement and analytic services to companies that sponsore defined benefit pension plans. Many of these companies or plan sponsors are interested in removing longevity risk from their pension plans.
The software developed by PensionFirst is able to deliver an actuarial valuation of a company's plan within a 24 hour period.
Source: Reuters
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