Press Release

LCP launches administration consultancy service


01 April 2004

Actuarial consulting firm Lane Clark & Peacock LLP (LCP) has launched a pension fund administration service with the appointment of senior management consultant Antonella Sferrino.

Sferrino will bolster LCP’s Employee Benefits Consulting practice, providing high level guidance and support, whether clients’ administration is with LCP, in-house or outsourced to another provider. She will help clients appraise and manage relationships with existing pension fund administrators and aid in the selection process of new suppliers where appropriate. LCP is part of the Alexander Forbes Group, a leading independent international provider of financial and risk services. Toni will be based in AF’s headquarters in the City of London.

Sferrino joins from KPMG and has over 15 years’ pensions experience to bring to the practice. Toni has a wealth of experience of both in-house and outsourced administration of private sector pension schemes and has most recently focused on procurement and outsourcing.

Richard Thomas, MD of LCP’s Employee Benefit Services, said, “The pensions simplification deadline of 6th April 2006 and the demands laid out in The Pensions Bill will place extra pressure on clients to change their administrative process and systems. We are confident that we now have the expertise in place to offer the maximum levels of support for clients to guide them through a period of significant legislative change.”

Toni Sferrino said, “Increasingly, clients recognise the benefits of professional third party assistance when changing supplier or outsourcing for the first time. Pensions managers demand a thorough approach, but are often overwhelmed by the need to read hundreds of pages of tender responses. These are challenges which LCP will be ideally placed to meet.”

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