Heineken and RSA have introduced a risk management platform to manage their defined benefit (DB) pension scheme risk.
The technology platform, PFaroe, is provided by PensionsFirst.
International brewer Heineken will use the technology to manage its £2.5 billion in UK DB pension obligations, while global insurance organisation RSA will use it to improve the management and oversight of its two largest UK DB pension schemes.
Carol Young, pensions manager at Heineken UK, said: “It provides us with a greater understanding of the nature of risks within our pension plan and helps us take advantage of market opportunities to benefit our plan and our members.”
Sankar Mahalingham, head of group pensions at RSA, added: “lt will provide us with the analytical tools to allow us to better manage our defined benefit risk exposures.”