Amey selects Skyval to manage £1bn of pensions obligations across six pension schemes
March 03, 2015
Amey, one of the UK’s leading public and regulated services providers, recently selected our Skyval offering as the platform to manage the pension obligations of its six defined benefit pension schemes, with assets totalling almost £1bn. This follows a detailed review of the pensions platforms in the market.
Amey chose Skyval as it was the product best placed to meet both their regular reporting requirements and longer-term strategic needs. Skyval will consolidate detailed information from Amey’s six pension schemes on one common platform, allowing better management of risk and faster decision making. Amey has already benefited from the additional accuracy that Skyval brings compared to traditional pension valuation models, leading to a positive impact in their financial statements.
Additionally, some of the schemes’ trustees and their advisers can access the scheme information on Skyval through their own private log-ins, providing a common but confidential platform for the management and governance of these pension schemes. This saves everyone involved time and money. Amey will have direct real-time access to Skyval.
Amey manages almost £1bn of assets across six defined benefit pension schemes and needed a solution that could meet its complex reporting requirements and help implement its pensions strategy. After a thorough market review, they selected Skyval as the solution that can best provide them with both the accuracy and the depth of functionality needed to help them cost-effectively drive their strategy forward.
This contract demonstrates the flexibility of Skyval in meeting the needs of companies and trustees with a diverse range of pensions commitments.
Skyval is now being deployed for well over £100bn of pension schemes, of various sizes and types. With the recent launch of Skyval Insure, the one-of-a-kind pensions risk management facility, we are continuing to innovate and maintain our position as the the most efficient industry-standard approach.
If you’d like to find out more about more on how this could apply to you and your organisation, please contact me on +44 (0) 121 265 5197 or by email at [email protected]