Products December 9, 2006

Winklevoss Adapts ProVal for PPA and New FASB Rules

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.

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ProVal 2.26 will allow plan sponsors and their service providers to evaluate the impact of new funding rules and accounting rules 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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