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Clive Wellsteed

Clive Wellsteed
Partner

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orangecross Clive.Wellsteed@lcp.uk.com

As Head of our award-winning buy-in, buy-out and longevity swap team, I help our clients who wish to implement a de-risking transaction to plan, negotiate and implement the right solution for their scheme. 

I have led the team since its inception in 2006 and have spearheaded its development into a practice of 15 partners and over 25 staff.  Each team member brings a unique combination of skills from the transactions they have worked on and the knowledge sharing across our team from the full range of transactions advised on LCP.

I am proud to have advised on transactions of all sizes, including some of the largest and most innovative in the market.   These include over £8.5bn of buy-ins for the ICI Pension Fund, which was the first scheme to develop and use an umbrella contract to facilitate regular buy-ins over time, a £3.4bn buy-in for the BAT Pension Scheme in May 2019 and advice on transactions for the pension schemes of Pearson, Tate & Lyle, GlaxoSmithKline, Philips and Northern Bank.

I have a passion for clear communication and bring this out both in my client advice and in negotiating effectively with insurers on transactions.

Aside from de-risking work, I am a Scheme Actuary to six pension plans, including the pension schemes of two FTSE100 companies, with a specific focus in my appointments on linking together the funding, investment and de-risking objectives of each scheme into clear and actionable plans. 

Clive, I would once again like to thank you for guiding us really professionally through this process and most importantly, helping us achieve an outstanding result in our insurer negotiations in very challenging market conditions.

LCP Trustee Client

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How I can help

We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.

We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.

We help both trustees and sponsors prepare for and deal with corporate change.

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.

LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.