The new functionality will allow pension fund sponsors to better manage risk and make more informed investment decisions.
BNY Mellon said that the enhancements will allow clients to evaluate funded status and assess the risk analytics for total and individual assets and liabilities compared to selected benchmarks.
Clients will be able to model the behavior of assets and liabilities under possible market stresses and yield curve changes, said the firm.
BNY Mellon Asset Servicing global product strategy head of Performance & Risk Analytics group John Gruber said that with the addition of liabilities modeling to the company’s risk offering it’ll provide its pension plan sponsor clients with a more complete picture of the impact of market events on their fund obligations.
"Working closely with Investor Analytics, we are advancing the industry standard by creating more robust tools to help our clients manage all the components of risk." Gruber said.
