Buck launches Stride digital assessment solution for pension schemes
Buck, a consulting, administration, and technology services firm specialising in pensions and employee benefits, has launched Stride, an online actuarial, investment, and risk monitoring application for defined benefit (DB) pensions scheme trustees and company sponsors.
Stride has been developed in direct response to feedback from trustees and sponsors who increasingly want immediate access to a solution that quickly assesses and identifies how a scheme is performing against key objectives.
Stride provides DB trustees and sponsors with access to metrics around the funding, investment, and risk of pension schemes – and shows movements in key market indicators – all within three easy clicks. Additionally, Stride provides pension fund tracking information over time on several prescribed bases as agreed with trustees and sponsors, with the added ability to customise displays for ease of understanding, enabling trustees to have immediate oversight of their pension scheme financials.
Stride is the latest in a line of technology-driven solutions launched by Buck this year, demonstrating the organisation’s commitment to giving corporate and trustee clients the tools they need to deliver the best pension performance for their scheme and positive outcomes for their members. It is available to download on both Apple and Android platforms and can be viewed using a laptop, desktop, tablet, or smartphone.
Vishal Makkar, Head of Retirement Consulting in the UK at Buck, says: “For trustees and company sponsors, knowing and understanding how their pension scheme is performing in line with their objectives is absolutely central to its effective management. With these individuals becoming increasingly busy with other important issues such as GMP equalisation and journey planning, having access to information about pension scheme finances in an efficient and simple way is vital.
“With Stride, those responsible for running pension schemes can quickly gain meaningful insight into their funding position and how they can appropriately manage risk to meet long-term targets. We have worked hard to ensure Stride is clear, easy to understand, and ultimately, delivers exactly what trustees and sponsors want and need to effectively oversee their pension scheme.”