Francesca Bailey

Francesca Bailey

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I joined LCP in 2017 as a Consultant in LCP's rapidly growing Covenant Services practice.

Since qualifying as a Chartered Accountant with the ICAEW in 2015, I have been advising both trustees and sponsors of defined benefit pension schemes on a wide range of pension and strategy advice, predominantly helping my clients to understand their covenant.

Most notably, I have worked with a number of schemes with FTSE 100 and NASDAQ 100 sponsors and have helped their trustees assess the covenant impact of significant M&A situations and restructurings. I was also involved advising trustees in a recent regulatory anti-avoidance case that was settled with the Pensions Regulator (TPR). 

I graduated with a Masters from Cambridge University and a MSc Actuarial Finance from Leeds Business School.  

LCP have a practical way of looking at things and cut through the noise on essential issues.

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LCP launches new risk profiling tool LCP Sonar

LCP Sonar benchmarks schemes by looking at financial data covering covenant, funding and investment risks, to see where they stack up compared to other pension schemes. Trustees can see the importance of considering a scheme’s risk profile as a whole, and understanding how these risks interact. It also highlights governance risk, with helpful actions in key governance areas to illustrate best practice.

18 September 2018

How I have helped our clients

Reinvigorating risk management

How we refreshed and reinvigorated our client’s approach to managing their integrated covenant, investment and funding risks, using LCP Sonar.

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How I can help


We help trustees understand and monitor the employer covenant.

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LCP Sonar

LCP Sonar, our risk profiling tool, benchmarks your scheme against other pension schemes, covering covenant, funding and investment risks. You can quickly see how your scheme’s risk profile compares to others and think about the key risks for you.

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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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Integrated risk management

We help clients identify, manage and monitor pensions risks in an integrated way.

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Managing risk effectively

We help our insurance clients to develop strong links between their strategy, capital management and risk management processes, improving their chances of business success.

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