Talented and passionate people and a strategy of having eyes ‘firmly on the future’ leads LCP to record breaking year
Pensions & benefits Energy transition Health Insurance Investment Sports LCP news Impact Technology
LCP has posted a record income of £210m during the financial year 2023/24, an increase of 11% on the previous year.
Aaron Punwani, LCP CEO commented:
"At LCP we always have our eyes firmly on the future so we can anticipate the economic, technological and societal challenges that our clients and people will face. This year has been transformational for our impact: broadening our horizons, strengthening our core business, influencing public policy for the greater good, and creating opportunities for our people."
"It’s an honour to lead a firm full of talented and passionate people with curious minds and a diversity of skill sets. It is this strength that will ensure we will continue on our growth path, helping people and businesses navigate the challenges of today and tomorrow."
Key highlights of LCP’s year include:
- Bringing to life a vision for reforms to the pensions system. LCP’s proposals would see £1tn of pension funds working harder to better serve members, sponsors, economy and planet offer genuine win-win ideas with a reimagined funding regime.
- Leading the way in both pension risk transfer and alternative endgame solutions to help clients define and achieve their desired goals.
- The Insurance consulting team completing their 17th insurance business transfer from a standing start in 2020.
- LCP Delta, the energy arm of the business, growing to 120 people, launching in Germany, and working on exciting projects to help speed up the energy transition, including contributing to government studies on locational pricing and long-term electricity storage. The team have also worked with the Energy Network Association producing research to highlight what innovation is needed to help the UK to hit Net Zero by 2050.
- Developing LCP Transform, a groundbreaking approach to enable institutional investors to participate in the energy transition in a manner which combines LCP’s market-leading investment advisory capability with LCP Delta’s unique perspective on delivering a faster, better transition to clean energy.
- LCP's Investment team, launching an interactive climate dashboard as part of existing tool LCP Monitor, to give clients greater visibility over the impact of their assets.
- LCP's Health Analytics team working to improve health equity, working with clients to help shift health systems from importers of illness to exporters of health. In September the team published an influential paper shifting perceptions of how early intervention could help the 1 million working age people currently unable to work.