Consultation
responses
Why and how LCP responds to public consultations
At LCP, we believe we should play an active role in shaping the future of the industries we advise in. Through our engagement with government, regulators and others, we aim to contribute to the development of a robust, fair and sustainable regulatory landscape.
We are committed to transparency. This page is where you can find our formal responses to various industry consultations. Our goal is to foster open dialogue and share our insights and views with clients and the broader industry.
Below you will find links to our recent consultation responses. These documents are intended to provide insights into our perspective on key issues impacting the pensions & benefits, investment, insurance, energy, health, football and business analytics industries. Occasionally, we may choose not to publish a response (e.g. if it is subject to confidentiality protection or to protect our intellectual property).
| Consultation | Deadline for response | LCP response |
| The DWP seeks stakeholder feedback on Options for the future of Defined Benefit schemes | 19 April 2024 | View LCP response |
| The Pensions Regulator (TPR) is asking for views on its proposals to help trustees of DB schemes meet new requirements for submitting a statement of strategy. | 16 April 2024 | View LCP response |
| The FCA sets out proposals to help people make more informed investment and pensions decisions. | 28 February 2024 | View LCP response |
| The Work and Pensions Committee is holding an evidence session on fiduciary duty and climate change. | 21 February 2024 | View LCP response |
| The DWP seeks views on a long-term vision for workplace pension saving in the UK and in particular the lifetime provider model, growing the CDC market and whether there are synergies between the two. | 24 January 2024 | View LCP response |
| The IFoA seeks views in relation to the proposed “S4” Series mortality tables and the methods used in CMI Working Paper 181. | 12 January 2024 | View LCP response |
| The Taskforce on Social Factors is asking for feedback on a guide which includes recommendations for the UK pensions sector about how it can better incorporate social factors into investment decisions. | 1 December 2023 | View LCP response |
| The DWP is seeking views on proposed changes to the structure and rates of the General Levy on occupational and personal pension schemes. | 13 November 2023 | View LCP response |
| The FCA’s consultation proposes a voluntary, standardised and comprehensive ‘vote reporting template’ for asset managers to communicate to asset owner clients on their voting activity. | 21 September 2023 | View LCP response |
| HMRC delivers the changes necessary to abolish the pensions lifetime allowance from the tax year 2024 to 2025 onwards, as announced at Spring Budget 2023. | 12 September 2023 | View LCP response |
| The DWP calls for evidence in relation to addressing the challenge of deferred small pots. | 5 September 2023 | View LCP response |
| The DWP consults on a policy framework for supporting individuals understand their pension choices on how to use their private pension savings at the point of access. | 5 September 2023 | View LCP response |
| The DWP calls for evidence to support the development of innovative policy options to increase protection for DB members while supporting wider economic initiatives and investment in productive asset classes. | 5 September 2023 | View LCP response |
| The DWP calls for evidence to help improve the skills and capability of pension trustees and remove barriers to making effective investment decisions. | 5 September 2023 | View LCP response |
| The PRA consults on major elements of the new Solvency UK framework, with measures to simplify the framework, improve flexibility, and support growth and competitiveness. | 1 September 2023 | View LCP response |
| The FCA sets out new rules to give retail investors and more defined contribution pension schemes access to Long Term Asset Funds. | 10 August 2023 | View LCP response |
| The Financial Reporting Committee publishes a consultation to revise Technical Actuarial Standard 300 (TAS300) and introduce Technical Actuarial Standard 310 (TAS310) in relation to collective money purchase schemes. | 4 August 2023 | View LCP response |
| The Department for Business and Trade seeks views on reforms to certain aspects of retained EU employment law and the impact on TUPE. | 7 July 2023 | View LCP response |
| The IFoA seeks views regarding the next version of the mortality table for Self-Administered Pension Schemes, SAPS S4 in CMI Working Paper 174. | 30 June 2023 | View LCP response |
| The DWP calls for evidence on auto-enrolment alternative quality tests. | 19 June 2023 | View LCP response |
| The Department for Business & Trade launches the LIFTS initiative with a view to establishing new investment vehicles to gain investment from institutional investors. | 28 April 2023 | View LCP response |
| The Work and Pensions Committee launches an inquiry to review DB schemes and the challenges and opportunities they pose to members, trustees, employers and TPR. | 26 April 2023 | View LCP response |
| The IFoA proposes to make minor amendments to the Actuaries’ Code in relation to the disciplinary scheme. | 15 April 2023 | View LCP response |
| The DWP seeks views on broadening Collective Defined Contribution (CDC) provision and the role of CDC in decumulation. | 27 March 2023 | View LCP response |
| The DWP issues a call for evidence to deepen the evidence base around the scale and characteristics of the growth in the number of deferred small pots. | 27 March 2023 | View LCP response |
| The DWP looks for views on policy proposals to disclose, assess and compare the value for money of workplace pension schemes. | 27 March 2023 | View LCP response |
| TPR seeks views on a draft DB funding code of practice, which provides practical guidance on how trustees can comply with scheme funding requirements. | 24 March 2023 | View LCP response |
| TPR opens a consultation on Fast Track and the proposed regulatory approach. | 24 March 2023 | View LCP response |
| The Work and Pensions Committee is interested in further views on systemic risks with Liability Driven Investments. | 3 March 2023 | View LCP response |
| The IFoA seeks views in relation to the Mortality Projection Committee’s consultation on the CMI 2022 model in CMI Working Paper 168. | 28 February 2023 | View LCP response |
| The ONS seeks views on a prospective new method for setting mortality assumptions for national population projections. | 20 February 2023 | View LCP response |
| The PPF proposes updates to valuation assumptions for buyout (section 143 and section 179) to reflect lower pricing in the bulk annuity market. | 20 February 2023 | View LCP response |
Feedback
We welcome your thoughts and questions regarding our consultation responses. If you wish to discuss any of the contents further, please contact Dev Gandhi or reach out to your usual LCP contact.
Disclaimer
All rights to documents on this page are reserved to Lane Clark & Peacock LLP. These documents may be reproduced in whole or in part, provided prominent acknowledgement of the source is given. We accept no liability to anyone to whom these documents have been provided (with or without our consent). Nothing in these documents constitute advice.