Clive Wellsteed

As Head of our award-winning pension risk transfer team, I help clients to plan, negotiate and implement de-risking strategies for their schemes.

I have led the team since its inception in 2006 and have spearheaded its development into a practice of 40+ partners and staff. Each team member brings a unique combination of skills from the transactions they have worked on and the knowledge sharing across our team from the full range of transactions advised on by LCP.

I am proud to have advised on transactions of all sizes, including some of the largest and most innovative in the market. These include nearly £9bn of buy-ins for the ICI Pension Fund, which was the first scheme to develop and use an umbrella contract to facilitate regular buy-ins over time, a £3.4bn buy-in for the BAT Pension Scheme and advise on transactions for the pension schemes of Pearson, Tate & Lyle, GlaxoSmithKline, Philips and Northern Bank.

I have a passion for clear communication and bring this out both in my client advice and in negotiating effectively with insurers on transactions.

Aside from de-risking work, I am a Scheme Actuary to six pension plans, including the pension schemes of two FTSE100 companies, with a specific focus in my appointments on linking together the funding, investment and de-risking objectives of each scheme into clear and actionable plans.