Published on 22 September 2008
The industry-wide pension fund for the media, PNO Media, has selected PRISMA to monitor the short-term cover ratio risk. For several years now PNO Media has been using the ORTEC Monitor, a service through which ORTEC facilitates a monthly risk report based on the data provided by the client. With the implementation of ORTEC’s PRISMA, PNO Media is now able to independently process these data and draw up reports themselves..
Jan Wenting, Head Policy and Research at PNO Media, comments:“By operating PRISMA ourselves, we are even more ‘in control’ regarding the solvability risks of the pension fund. PRISMA enables us through the use of advanced simulations to project the development of the fund in the coming year. In doing so, it will take into account our fund-specific policies, such as interest-, equity - and currency-hedging strategies and our rebalancing policy. The various graphic and numerical displays render us the necessary insight into where the largest risks are located and what their possible impact could be.
The meaning of PRISMA for other pension funds
PRISMA allows pension funds to map their cover ratio risk for the one year-horizon. PRISMA offers a multi-faceted report generator which periodically creates various standardized reports, such as an abbreviated pension board summary or a more extensive risk monitor. Moreover PRISMA contains a broad investment management module that allows the user to compare various policy variants simultaneously. Thus PRISMA supports the tactical portfolio construction during the investment decision process.
Pension fund PNO Media manages the pension scheme for approximately 350 companies and institutions in the world of media. More than 30,000 employees and former employees from the media sector are insured through PNO Media. They work at television and radio stations, production agencies, facilitative companies, internet providers, publishers, cable companies, media agencies, multimedia conglomerations, press and advertising agencies and so on. PNO Media manages a total amount of funds in the neighbourhood of 2.7 billion Euros and is based in Hilversum.
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