Publication

Autumn corporate report

Pensions & benefits Corporate activity and M&A DB corporate consulting DC corporate consulting Corporate strategy

Why paying attention to your DB pension scheme now could be a sound investment.

Corporate Britain on the front foot for pensions

Corporate Britain on the front foot highlights why now is a pivotal time for corporate sponsors to focus on their Defined Benefit (DB) pension schemes. For many sponsors, DB schemes have moved away from the ‘problem’ column, but engagement from sponsors at this critical juncture can turn DB schemes into strategic opportunities for long-term growth and stability. This report provides a roadmap for sponsors to be able to seize some of the new opportunities now available, including the long-awaited DB funding code and the growing spectrum of endgame options.

Inside the report:

Proactive engagement: find out how getting ahead on DB funding code and endgame options can lead to better outcomes for sponsors and members.
Risk management: explore strategies to manage risks like inflation and longevity, with insights into the Virgin Media case and emerging systemic threats.
Preparing for year-end: key issues that sponsors should consider in preparation for the 2024 year-end pensions accounting exercise.
Regulatory updates: keep pace with this year’s economic and regulatory shifts, with essential considerations for sponsors.

Explore our autumn corporate report

Read now

Scroll down to explore our key findings

Some of our key findings

4

consecutive years in which FTSE100 companies have sustained an IAS19 pensions surplus
>1/2

of schemes above £500m are targeting some form of run-on, representing a move away for many from buying-out at the earliest opportunity
Over 60%

of respondents to a recent LCP survey believe that their employer covenant is reliable for less than 10 years

With so much change in both legislation and the strategic options available, it’s an exciting time to be advising sponsors after years of risk management. Our broad expertise and experience mean we can deliver the optimal outcome for any sponsor no matter what their objectives are.

Gordon Watchorn Partner and Head of Corporate Consulting, LCP