Ortec Finance and Brightwell, a comprehensive service provider to UK defined benefit (DB) pension schemes, continue to strengthen their partnership, as Brightwell expands its pension management services following its successful transition to a multi-client model.
Brightwell’s challenge: Offering PEARL beyond a single pension scheme
In 2012, Brightwell began its transition from exclusively providing pension services to the BT Pension Scheme to becoming a pension management services provider available to other schemes. With investment performance and reporting recognized as a critical service, Brightwell sought to establish it as one of its core offerings under its new operational framework.Investment performance analysis and reporting in a multiple scheme environment
As investment strategies vary across pension schemes, building an effective performance measurement workflow to support better decision-making requires a tailored approach. This approach must account for differences in fund hierarchies and benchmark structures to accurately reflect each scheme’s strategy and overlays as well as different stakeholder reporting needs.Using PEARL’s capabilities to service multiple schemes, supporting Brightwell’s continued expansion
Ortec Finance’s team of investment performance professionals have established a framework that harnesses PEARL’s ability to develop configurable fund structures alongside flexible data setups, and use embedded data management tools. This framework allows Brightwell to efficiently replicate an optimal performance measurement workflow that anticipates and adapts to the unique needs of a pension scheme.Together with workflow-generated analytics, PEARL’s online self-service platform has enabled Brightwell to deliver extensive, user-centric reporting outcomes that complement its high-quality fiduciary management, including the onboarding of the DB section of the EE Pension Scheme.
Declan Kearney, Brightwell’s Performance Reporting Senior Manager commented:
“Leveraging PEARL's advanced analytics and customizable functionality, we are able to provide unparalleled insights and performance reporting, ensuring that each pension scheme we manage is optimized for success."
Empowering investment decisions with essential performance insights for over a decade
Since 2012, Ortec Finance’s Investment Performance team has supported Brightwell’s Investment Performance & Reporting team in executing key daily workflows related to portfolio-level reconciliation and analysis with its performance measurement and attribution solution, PEARL.
PEARL’s ability to generate comprehensive analytics, automate processes and produce extensive reporting has helped Brightwell deliver timely and accurate reports, facilitate performance attribution for its clients, and enable ongoing tracking and analysis of LDI and hedging strategy implementation.
About Brightwell
Brightwell is a comprehensive service provider to UK defined benefit (DB) pension schemes.
It has operations in London, where the funding and fiduciary management team is based, and Chesterfield which is the home of the member services team.
Brightwell acquired pensions administration technology company Procentia in 2019 which has operations in Bristol and Chicago.
For more information visit www.brightwellpensions.com
Contact
Elske van de Burgt
Managing Director Investment Performance
Oliver Henriquez
Sales Director, EMEARelated Insights
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