The IAS19 helps pension fund clients meet the International Financial Reporting Standards and assists them in the collection and analysis of data related to risk disclosures.
The upgraded version of the solution includes two additional reporting functions that provide the information needed to prepare footnote disclosures for auditors during the annual review process and market value reconciliation information alongside credit ratings data, industry indexes, and market capitalization.
Northern Trust product manager Debra Clayton said: "Pension funds are seeing an increase in demand from regulators and accounting standards to provide fair valuation analysis of their assets.
"Through our enhanced reporting solution, Northern Trust can provide transparency into sophisticated portfolios to assist our pension fund clients with this potentially complex process, helping them to meet their regulatory requirement."
