Pension funds

Algorithmics, the leading provider of risk solutions, announced today that Nordea Life and Pensions, a multinational insurer with operations in the Nordics, the Baltic countries, Poland, Luxembourg and the Isle of Man, has chosen Algorithmics’ Compliance and Reporting Edition for its Standard Formula approach to Solvency II regulatory compliance.  

BNY Mellon, the global leader in investment management and investment servicing, announced today that it is providing derivatives collateral management services to Sjunde AP-fonden (AP7) the Swedish state pension fund, which has over euro 8.5bn under management.

Algorithmics, the leading provider of risk solutions, announced today that British Telecommunications Pensions Scheme Management (BTPSM), which oversees the UK’s largest private sector pension scheme, has gone live with Algorithmics for risk management purposes across its major asset classes and liabilities.

Pension funds are looking to improve collateral management to better mitigate counterparty risk and are reviewing outsourcing services or off-the shelf software solutions. In a Q&A, Investit’s Sarah-Jane Dennis offers sound advice to pension funds on how the factors to consider when setting up a governance structure, daily monitoring process and debating whether to outsource or license specialist software.

Société Générale Securities Services (SGSS) has completed the migration of all BT Pension Scheme Management Limited’s OTC business onto the SGSS’ platform.

The BT Pension Fund is the largest pension fund in the UK, with assets of around GBP 35 billion. SGSS provides the Fund with middle office, collateral management, pricing and fund administration for OTC trades.

Algorithmics announced today that Holland Park Risk Management (HPRM), an independent risk management advisor to pension fund managers in the US and Canada, has signed a three-year contract for Algo Risk Service, Algorithmics’ outsourced risk management and portfolio construction service.

New collateral management service for UK pension scheme

BNY Mellon, a global leader in asset management and securities servicing, has been selected to provide derivatives collateral management services via its DM Edge platform to the Invensys Pension Scheme (IPS). DM Edge facilitates for clients the administrative, processing, reinvestment and valuation activities associated with posting and receiving collateral for over-the-counter derivative transactions.