Transfer quotation activity continues to slow-down and there is evidence of a declining interest from younger members. Our latest quarterly analysis shows that, the average age of members receiving a quotation in Q1 2019 was 55 and the average age of members taking transfer values quoted in Q3 2018 was 57. This update covers some immediate considerations for transferring members.
I am an actuary and senior partner at LCP. My main area of work is in pensions, where I am the appointed actuary to several large pensions schemes. I also specialise in advising in the area of pensions in public sector outsourcing, and the Government's Fair Deal guidance.
As a separate exciting new workstream, I'm involved in developing and marketing LCP's innovative soccer player recruitment tool, TransferLab, in collaboration with football consultancy AnalyticsFC.
Within LCP, I head up our Wellbeing Network, committed to helping those who work at LCP lead healthier and happier lives in an environment that is accessible to all. I'm also chair of our Conflicts and Ethics Committee, and a member of our Responsible Investment Group, with a particular interest in climate change issues.
LCP are a professional organisation, which understands the clients' needs and demonstrates the depth and creativity of its experience in the solutions it provides.
Our latest thinking
Transfer quotation activity continues to decline alongside continuing concerns regarding the quality of member advice. Our latest quarterly analysis shows that, quotation rates have dropped to the lowest rate we have seen since Q3 2016. This update covers some immediate considerations for trustees.
LCP prepares companies for public sector outsourcing opportunities under the new “Fair Deal” with publication of step-by-step guide
LCP has published a guide for companies looking to take advantage of recent changes to the requirements for pension provision under the new “Fair Deal” guidance.7 January 2014
We can help you understand how your DB scheme’s transfer experience is changing.