ITM to partner PensionsFirst for data audits

ITM, a pension data specialist, is to partner PensionsFirst to offer its Pfaroe risk management platform to enhance its data risk audit service for defined benefit (DB) pension schemes.

The organisation will use the platform to assess the potential liability impact of data and benefit errors discovered during employers’ data risk audits.

Darran Blount, head of consulting at ITM, said: “We have seen an increasing demand from employers to quantify the potential financial impact of data risk, particularly for liability reduction projects.

“This new initiative allows us to focus our [employer] clients’ attention on those data risks that are critical to the management and financial health of defined benefit schemes.”