BNY Mellon says that its Global Risk Solutions (GRS) business is introducing an enhanced Asset Liability Report (ALR) to help pension fund managers more effectively monitor funded status and other essential asset and liability measures.
“Client feedback strongly influenced our decision to offer this service,” said Frances Barney, head of consulting, Americas, for GRS. “More and more, we’ve seen fiduciaries implementing liability-driven strategies and adopting de-risking glide paths. Also, actuarial valuations, which are created annually and often distributed months in arrears, have lessened in value to many clients. These and other developments require plan sponsors to conduct more frequent monitoring of assets and liabilities.
The ALR is populated from various data sources, including BNY Mellon performance, analytics and accounting data, external vendors, as well as client-supplied information.