Strategic journey planning framework
Pensions & benefits Strategic journey planning
A successful journey involves being able to both manage risks effectively and capitalise on opportunities
LCP’s Strategic journey planning framework helps you to achieve this. Use this framework to create your strategic plan, which documents the key decisions taken, including the rationale for the options favoured, how they fit together and how the whole plan is sequenced. It will help you to prioritise cost and resource, resulting in better outcomes for trustees, sponsors and members.
Check out our framework below to learn how to design your strategic plan, including our suggested steps and what each means in practice.
You can also check out our latest Chart your own course report to see how our framework can work for example schemes at different stages of their journey.
Please get in touch with one of our experts or your usual LCP contact to talk through what it might mean for your scheme.