Pensions & benefits

DB corporate consulting

We provide strategic advice to help sponsors manage the risks associated with pension schemes with confidence, and capitalise on opportunities with a clear strategy aligned with company objectives.

We work with sponsors to turn financial challenges associated with pensions into strategic business opportunities and make sure it is their objectives driving the pensions strategy.

Corporate Britain on the front foot for pensions

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

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.

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Preparing for 2024 year-end: Key updates, actions and impacts

Pensions Accounting

In this webinar, our experts will share insights and practical strategies to navigate the latest developments and ensure a smooth, hassle-free close to 2024.

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Navigating demand and supply in the buy-in and buy-out market

Our pension risk transfer report reveals that market dynamics have broadly stabilised as market volumes reach what we view as 'cruising altitude'. We explore regulatory, market and industry developments, insurer pricing, and why the question for most schemes is 'when' not 'if' they move to insurance.

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Securing the future – the expanding role of the employer covenant

In this webinar, our team of covenant experts share how covenant advice is evolving, both in the context of changing pensions regulation, but also to adapt to developing scheme and employer circumstances, and increased macroeconomic risks.

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Accounting for pensions

Making the most of multi-billion £ pension surpluses

Our annual accounting for pensions report presents a concise analysis of the pensions facts, figures and trends revealed by FTSE100 companies reporting in 2023.

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As trusted partners to our clients, we bring a deep understanding of what is possible, and how to meet their specific objectives.

We focus on bringing ideas that are relevant and add genuine value to your business and shareholders

Through our experienced and curious consultants – providing actuarial, covenant and investment advice – we help clients make their pension schemes work as an asset for their organisation:

Endgame strategy and innovation

We will help chart a clear path, with innovative funding and investment strategy planning that aligns with long-term business vision. LCP’s structure and confidence to challenge the status quo mean that we bring our clients new ways to maximise the value from their pension schemes.

Unique industry insights and influence

Our industry leading figures, including Sir Steve Webb, former pensions minister, and David Fairs, former Executive Director of Regulatory Policy, Analysis and Advice at The Pensions Regulator, ensure our clients are best prepared to take advantage of change. Our 'powering possibility' proposal for positive reforms to regulation of the UK’s DB schemes has risen to the top level of government.

Risk transfer support

Our pension risk transfer team advises on more transactions than any other adviser. We work collaboratively with pension scheme trustees to ensure the sponsor view is represented throughout, and use our deep market experience to ensure exceptional pricing and terms and comprehensive risk reduction.

Robust advice and negotiation

Our advice is underpinned by robust analysis, putting clients in a strong position for negotiating with trustees and other stakeholders. For example, we combine our health analytics team, comprising of experts in epidemiology, medicine and public health, with our specialist longevity actuaries – these unique capabilities ensure our clients make more informed decisions with better understanding of the mortality risk.

Broad expertise

We have in-house expertise and experience in all pension-related matters, including M&A, member option exercises, regulatory support (e.g. to manage a sponsor’s risk under pensions legislation) and accounting, meaning we can offer full support and develop coordinated pensions strategies for our clients.