LCP once again got the nod from UK Pensions Awards judges as Risk Reduction Adviser of the year making it the third consecutive year that the firm has taken home the award. LCP has won the category every year since it was introduced in 2014.
It was a double hat-trick for the firm which was also awarded two further awards on the night (5 May) for DC Innovation and DC Consultancy.
Clive Wellsteed, partner and head of LCP’s de-risking practice, said: “We are thrilled to take home Risk Reduction Adviser of the Year award again this year. It was another busy year with large risk reduction initiatives capturing the headlines."
“Much of LCP’s growth in risk reduction advice over 2015/16 has been driven by pension plans hiring our specialist de-risking practice to help analyse and implement de-risking decisions alongside existing advisors. As a result, LCP was lead adviser on nearly 50% of all buy-ins and buy-outs over £100m in the past two years. We were also busy throughout the year helping smaller schemes transact successfully – surpassing £500m of transactions through our streamlined buy-in and buy-out service.”
He added: “Looking forwards, we have developed our new LCP LifeAnalytics technology to help pension plans analyse how much longevity risk they are running and to identify the most cost-effective ways of hedging it. We are really excited about introducing this new technology to more clients over the coming year to help them manage their pension risks better.”