Products December 7, 2006

Winklevoss Adapts ProVal for PPA and New FASB Rules

December 7, 2006 (PLANSPONSOR.com) - Winklevoss Technologies LLC has released a test version of its product that allows plan sponsors to meet the forecasting and valuations required by the Pension Protection Act and the new pension accounting rules.
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With ProVal 2.26 plan sponsors will be able to establish alternative investment policies, benefit policies and/or contribution policies that can be demonstrated to manage the costs and risks of the plan more effectively (e.g., contributions which are more stable and predictable), according to a press release from the company.

ProVal 2.26 will allow plan sponsors and their service providers to evaluate the impact of new funding rules (See  What’s Inside the Pension Protection Act ) and accounting rules (See  FASB to Issue Final Standards for Pensions and OPEB ) on their plans and to develop and evaluate strategies in response to them.

The new product is a spinoff of Winklevoss’ ProVal, which is used to study Liability Driven Investment (LDI) analyses.The Greenwich, Connecticut-based company said the production version is expected to be out in the first quarter of 2007.

More information is at  www.winklevoss.com/wintech .

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