In this blog, Charlie Finch explores what is driving this trend and why the market has reached a tipping point.
I joined LCP in 2000 and provide pensions advice to both companies and pension plan trustees with particular focus on strategic advice and longevity de-risking.
I jointly set up LCP's award-winning buy-in, buy-out and longevity swap practice in 2006 and have since helped many clients to design and implement buy-ins and buy-outs to reduce longevity risk. Transactions range from £10m to over £3bn including some of the most innovative in the UK such as for the ICI and Philips pension funds.
Advising from a strategic level right down to execution requires a wide range of skills – funding, investment strategy and a deep understanding of the de-risking markets. I find nothing is more rewarding than helping clients achieve meaningful steps and delivering results that exceed their expectations.
What clients say about me
- "I want to thank you and your LCP colleagues for your excellent work in achieving this outcome. Your professional, calm and considered approach to managing the project and reporting to the Steering Group and the Board has been greatly appreciated."
- "Your project management has been impeccable, and there is simply no way we could have achieved anything like what we have without it."
What you have achieved for the scheme is really quite remarkable, and will, I hope, stand us in good stead in the years to come. And you've done it in record time, but with no drop in your very high and professional standards. Thank you so much.
In this pensions de-risking update we look at the latest developments in buy-ins, buy-outs and longevity swaps, including: facts and figures for H1 2018.
LCP predicts full transfers from FTSE 100 pension schemes to insurers could soar from a total of £5bn to £300bn over next 10 years
A new report published today by pensions consultancy Lane Clark & Peacock (LCP) found that full transfers from FTSE100 defined benefit company pensions schemes to insurers through full buy-outs could increase from £5bn to £300bn in total over the next ten years as the pension buy-out market enters a new phase.25 March 2019
New analysis by Lane Clark & Peacock (LCP) shows that as many as 15 FTSE 100 companies will be able to offload their UK defined benefit pension schemes in the next three years.8 January 2019
Analysis by Lane Clark & Peacock shows that a record £7.8bn of pension buy-ins and buy-outs were completed by UK pension plans in the first six months of 2018.9 August 2018
How I have helped our clients
How we helped one of the largest DB pension plans in the UK, ICI Pension Fund, progressively insure their longevity risk using innovative umbrella contracts
Thorough preparation and planning enabled the RMTGB (now part of the Masonic Charitable Foundation) to remove its pension risk within three months following a change in the principal sponsor’s circumstances.
Accounting for Pensions 2019
With the FTSE 100 maintaining their pension accounting surplus, it is time for companies to embark on the next stage of their pensions journey. Our Accounting for Pensions 2019 report presents a concise analysis of the key facts, figures and trends.
LCP Pension de-risking 2019
Our report this year finds that the insurance market is entering a pension scheme buy-out boom due to improved affordability, driven by stalling life expectancies, good asset performance and attractive insurer pricing.
LCP Vista Issue 8
LCP Vista keeps you informed of our latest investment thinking - Issue 8 aims to highlight some innovative investment ideas, from asset classes through to investment strategy.
LCP Pension de-risking 2018
Our 2018 de-risking report on the buy-in, buy-out and longevity swap market comes at a time when pension de-risking is more exciting than ever.
How I can help
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.Meet some of our experts
LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.Meet some of our experts
We work closely with our clients to understand their pension scheme objectives and implement effective and creative strategies to achieve them.Meet some of our experts