Defined contribution services

The challenges associated with DC pension arrangements are different for employers and employees.  Employers want to get the maximum value from their benefit plans and want their employees to appreciate the significant investments they make.  Unlike in DB pension arrangements, the investment risk, and ultimately the pension outcome, falls on employees.  Employees need to understand the options available to them so that they can make informed investment and saving decisions.  This applies whether the plan is trust-based or contract-based.

How we can help you

LCP supports employers, trustees and management committees in helping members understand the options available for their pension saving.

Our specialist DC Services team has a wealth of knowledge and experience and can help you make the most of your DC pension arrangement, whilst meeting the Pensions Regulator's expectations.

Our services include:

• Benefit design
  • advice on contribution structures that deliver valuable benefits at an affordable cost
  • risk benefits, including death-in-service and disability insurance
• Investment advice
  • improving standard and default investment options, making use of new strategies with better risk-reward profiles than traditional lifestyle strategies
  • manager selection and performance monitoring
• Administration and communication solutions
  • establishing the most appropriate type of plan for you and your employees
  • effective member communications to help members to take informed decisions and appreciate the value of their DC pension arrangements
• Provider selection
  • drawing on our market knowledge, we can help you to obtain favourable terms and set up your plan efficiently
• Effective governance
  • we provide the knowledge, skills and support to help trustees and management committees carry out their duties efficiently and manage the risks involved
  • the advantages of establishing a governance framework include the early identification of any problems and ensuring that your pension providers remain competitive

Our approach

We believe there are many benefits for plan members and their sponsors in going beyond mere regulatory compliance and incorporating best practices into your plan's operation.

We offer impartial advice across the full spectrum of DC pension arrangements, and bring the benefit of our extensive experience of working with employers, trustees and management committees.

We work alongside your team and are on hand to give the level of support that you choose.