Radar is an intuitive, web-based tool that provides real-time information and modelling functionality to pension scheme trustees, corporate sponsors and advisers.
Described by a trustee as “everything that we thought our previous advisor's software was going to be”, Radar has helped trustees and sponsors gain insights into their schemes and make key decisions in real time.
It has helped trustees to identify opportunities to re-design and de-risk investment strategies; trustees and employers to conduct valuation negotiations efficiently and collaboratively; and all users to receive daily updates about how current market turbulence has impacted their schemes.
The recent addition of Radar’s sophisticated journey planning functionality has been described as a “game changer”. Its ability to accurately project the expected evolution of a scheme on multiple bases enables trustees to design long-term funding strategies, monitor progress towards them and identify when the scheme might ultimately be able to achieve its long-term goals.