Clive Wellsteed

Clive Wellsteed -

Since joining LCP in 1999 I have been helping our clients manage their pension risk. So when I saw a UK market for transferring this risk to insurance companies developing in the mid-2000s, I spearheaded the development of LCP’s own buy-in, buy-out and longevity swap team. Today this team is renowned as being the leader in our field, taking home 8 out of the 9 de-risking awards from the Financial Times and Professional Pensions since 2011.

As the head of the buy-in, buy-out and longevity swap team I have led on some of the industry's defining buy-in and buy-out transactions of recent years. My role is often that of a specialist lead advisor, working alongside incumbent actuarial and investment advisors. In this role I help clients negotiate structure and execute successful transactions.

One of our clients recently commented that I gave them huge confidence that LCP will deliver what is required. I was pretty happy with that because in a buy-in or buy-out transaction, nothing is more important.

I must say from my side that your advice was always excellent and put in very clear terms… you had my absolute trust and it was a real pleasure working with you.

LCP Client

My viewpoint

How can you reduce longevity risk?

In the first video from this new series - The what, why and how of insuring pension liabilities - we answer "how can you reduce longevity risk".

11 October 2017

Related press

How I have helped our clients

ICI: a £10bn de-risking blueprint

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

Related publications

LCP Pension de-risking 2018

LCP Pension de-risking 2018

Our 2018 report on the buy-in, buy-out and longevity swap market comes at a time when pension de-risking is more exciting than ever.

LCP Pensions de-risking 2016

LCP Pensions de-risking 2016

Our annual report on the buy-in, buy-out and longevity swap market looks at how the market has developed over the past 10 years

LCP Pensions de-risking 2015

LCP Pensions de-risking 2015

Our eighth report on buy-ins, buy-outs and longevity swaps reviews market activity over 2015 and the outlook for supply and demand over 2016 and beyond.

How I can help

Actuarial advice

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.

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Buy-ins, buy-outs and longevity swaps

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

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Managing corporate change

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

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Pensions strategy

We work closely with our clients to understand their pension scheme objectives and implement effective and creative strategies to achieve them.

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LCP LifeAnalytics

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

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