LGPI Licenses ALM Solution From Ortec

LGPI to formulate ALM strategies based on Ortec scenario generation, asset and liability methodologies

Local Governments Pension Institution (LGPI), the pension institution for local governments in Finland, has signed an agreement with Ortec Finance (Ortec), a provider of technology and advice for risk and return management, to license Ortec’s Asset Liability suit for pension plans – Ortec Finance PALM.

According to the company, ALM Solution would enables LGPI to formulate ALM strategies based on Ortec scenario generation, asset and liability methodologies.

Timo Viherkentta, Deputy CEO of LGPI, said: “At LGPI we focus on continuously improving our strategy development process: Ortec Finance will focus on providing the technology platform and making sure it is adapted to our specific circumstances allowing us to focus on what matters.”