In this blog, James Atherton comments on the IORP II Directive. With the UK in the throes of Brexit, this may not seem like a big deal. After all, if we are not in the EU, then European legislation is surely no longer relevant?
Whether advising Trustees or pension scheme sponsors, my pragmatic advice helps my clients to clearly understand and then manage the risks associated with their defined benefit pension schemes.
As a Scheme Actuary and also the partner responsible for LCP’s covenant advisory service, I have particular experience in supporting pension scheme sponsors and trustees in developing, agreeing and implementing integrated covenant, investment and funding strategies, including the use of non-cash funding solutions and other covenant support.
I have been closely following the progress of IORPII into EU law, and advising clients on the governance, risk management and other implications for their UK pension schemes.
I have hosted two webinars on Integrated Risk Management that you can watch by clicking on the links below:
- One of LCP's Senior Quality Assurance Representatives under the IFoA Quality Assurance Scheme
- LCP representative on ECWG
All of our Trustees love working with James, as he is clear in his advice and patient at explaining complex topics.
Our latest thinking
With the notorious complexity of pensions legislation, and the EU often being criticized for imposing unnecessary red tape, James Atherton takes a look at the impact of bringing the two together in this blog.
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
LCP has welcomed Jon Wolff as Head of Covenant Services during a time of important growth for covenant within the industry.31 March 2016
Earlier this week the European pensions regulator (EIOPA) launched a ‘stress test’ to be performed on pension funds across Europe, to assess how pension funds would cope with a severe crisis.15 May 2015
How I have helped our clients
We helped our client put risk management at the heart of pension trustees’ business
We helped the trustees of a £1bn plus pension scheme to be confident they could achieve their buyout target
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.Meet some of our experts
We help you navigate the complex area of employee benefits and implement a successful strategyMeet some of our experts
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.Meet the experts
We help both trustees and sponsors prepare for and deal with corporate change.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