BNY Mellon and Redington launch new risk reporting service

RiskBNY Mellon has formed a partnership with investment consulting firm Redington to offer its UK pension fund clients an enhanced asset and liability risk reporting service. The new service allows pension funds to monitor both their funding position on a quarterly basis (based on monthly calculations) and their level of risk exposure, helping fiduciaries and scheme trustees understand how to meet their current and future liabilities. It also offers analysis of the sensitivity of the scheme's funding position, providing an insight into how it may be impacted by changes in the external economic environment. Global investments company BNY Mellon has $1.6 trillion (€1.2 trillion) in assets under management, while London-based Redington has £330 billion (€419.7 billion) in assets under consulting. Fraser Priestley, head of consulting, global risk solutions for Europe, the Middle East and Africa at BNY Mellon, says: "The depth and breadth of reporting we offer is a key part of our value proposition to the pensions market in terms of helping schemes with the provision of strong governance around their investments." Robert Gardner, founder and co-chief executive at Redington, says: "The relationship with BNY Mellon affords us the opportunity to expand iRIS, our risk reporting tool, to more clients. BNY Mellon's granular data can be uploaded directly into our systems, ensuring our mutual clients receive best in class reporting coupled with thorough analysis." ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.