Rachika Cooray

I lead LCP’s Governance and Trustee Executive Services. My work focuses on helping trustee boards run more effectively, make clearer decisions and feel confident in their governance frameworks.

I specialise in the areas that sit at the heart of strong scheme management: risk, board effectiveness, operational strategy and trustee capability. I enjoy working closely with boards to turn complex expectations into practical, proportionate and meaningful action. As an experienced scheme manager myself, I understand the real operational pressures trustees and inhouse teams face, and this shapes the way I work.

A consistent thread throughout my career is a belief that good governance should be accessible to every scheme, regardless of size or resource. This principle has driven much of my industry work: co-authoring leading guides on ESOG and ORA, creating the “Ask the ORAcle” video series, and helping translate the Pensions Regulator’s General Code into practical steps that any board can follow. My guidance is widely used across the industry, and I regularly contribute to consultations, regulatory discussions and conversations about the future of trusteeship and good governance.

Some of my most rewarding work has involved helping schemes rethink how they operate. I played a lead role in the landmark outsourcing of the National Grid UK Pension Scheme’s Executive to LCP, a transition that has become a model for schemes considering their long-term operational strategy. I now help to lead the National Grid Executive team, supporting the Trustee across all aspects of scheme management.

External appointments and memberships:

• Fellow of the Pensions Management Institute
• Non-Executive Director of the PMI Board
• Governor at Kidbrooke Park Primary School
• Professional Pensions Rising Star Awards 2024 winner – Consultant of the Year