Skyval is a web-based pension analytics platform which gives you control.
It provides clear and comprehensive data and analytics for your defined benefit schemes in one place.
With no reliance on any single adviser, you have the freedom to choose who you work with.
It can transform the way you run your occupational pension scheme by allowing all parties involved in managing your scheme to access the same data – ruling out inconsistencies, speeding up decision making and saving cost.
Skyval enables you to better understand and manage your pension scheme by giving you the ability to access accurate data and perform complex calculations and scenario analysis in seconds.
Skyval supports your decision making with accurate scenario analysis giving you the ability to make better informed decisions more quickly so empowering you to seize opportunities as and when they arise.
Actuaries, investment advisers, covenant advisers – accurate and up-to-date data in Skyval can support you in dramatically improving response times and adding value to your clients.
Read on to find out how our clients have used Skyval to:
Nigel Tinsley is Pensions Director for BAE Systems plc, which has £25bn of pension liabilities. Nigel was looking for a system which gave him a closer handle on his UK Pension Schemes; Skyval was the right fit due to its real time access and accuracy. Find out what he thinks of Skyval and how Skyval was used to shed hundreds of millions of pounds of pension liability from BAE Systems’ pension schemes.
"We manage almost £1bn of assets across six defined benefit pension schemes, so we needed a solution that could meet our complex reporting requirements and help us implement out pensions strategy. After a thorough market review, we have chosen Skyval as the solution that can best provide us with both the accuracy and the depth of functionality needed to help us cost-effectively drive our strategy forward."
Andrew Devlin, Group Pensions Director, Amey
Skyval was used by PwC in Lehman Brothers' administration and in brokering a £675m deal to underwrite the bank's entire pension pot, meaning 2,250 staff will have their future pensions paid in full.
"The use of technology throughout the process was integral. We used Skyval to obtain accurate insurer pricing and then to track the prices through a period of volatile market conditions. This real-time analysis was also the basis for a very successful asset hedging strategy meaning that the deal stayed firmly on track during a period when falls in interest rates impacted buy-out affordability for most UK pension schemes."
Paul Kitson, Partner, PwC
"We recently considered an acquisition in the UK where the target company sponsored a defined benefit pension scheme which was material to the deal.
It was also instrumental to have market sensitivies and other analytics that helped us better understand the pension scheme risks in the context of the deal - providing us with more detail than a simple commentary on the due diligence information.
Skyval enabled us to obtain quick and simple yet accurate updates to the pension scheme position over time without the need for additional time-consuming manual recalculations."
CFO from large multinational engineering firm
"Using Skyval we were able to work through a number of innovative and complex funding solutions quickly in one meeting. We then used Skyval interactively with the trustees and their advisers to quickly develop a funding and investment plan acceptable to all parties, and because of Skyval's inherent accuracy we made great progress without the need for the scheme actuary to subsequently reproduce his own figures. For the CFO of a busy organisation, this is hugely valuable."
Group CFO of an Aviation Services company
At-a-glance monitoring and reporting of key figures for your pension scheme
Reduce the time spent on your scheme funding calculations
Produce accurate accounting disclosures in an instant and assess the strength of your key assumptions against your peers
Design an efficient portfolio of assets, reducing the time, cost and complication of setting investment strategies
An intuitive easy-to-use interface which provides a clear and concise overview of your defined benefit pension schemes
Use state-of-the-art calculation methods and daily market data to instantly analyse your pension scheme
A unique feature of Skyval, it lets you develop initial views of buys-out pricing, quickly and efficiently. The whole insurance market participates in Skyval Insure
Skyval’s advanced asset-liability modelling facility, allows stakeholders to model and perform 'what-if' scenarios using your own criteria and view of the world
Identify and plan opportunities to reduce pension costs and risks through member option exercises.