In this blog, Jonathan Camfield takes a closer look at last week's announcements around the change in measuring inflation from RPI to CPIH
I have over 25 years’ wide ranging experience in helping larger employers and pension scheme trustees manage all aspects of their pension risks.
Clients appreciate my ability to see both the big picture and the detail, quick identification of key issues, and innovative solutions to complex challenges. I'm a strong communicator at Board level, experienced in helping or leading on pension negotiations, and in helping to bring together diverse decision maker groups to reach agreement.
With a strong senior industry network, my current areas of expertise and interest include: protecting employers, trustees and members in the current high risk DB transfer market; the future of RPI inflation and its interaction with pension assets and liabilities; the interaction of pension and corporate risk; and the impact of Brexit on pension schemes.
Outside of the office, in order of danger, I sing in a local choir, I’m walking the coast of England, and I enjoy motorcycling.
- Member of the Advisory Panel on Consumer Prices (UK Statistics Authority)
- Member of the Incentive Exercise Management Board
LCP consistently deliver a quality service in a way that makes my working life easier.
Our latest thinking
Transfer quotation activity continues to slow-down and there is evidence of a declining interest from younger members. Our latest quarterly analysis shows that, the average age of members receiving a quotation in Q1 2019 was 55 and the average age of members taking transfer values quoted in Q3 2018 was 57. This update covers some immediate considerations for transferring members.
New rules from the Financial Conduct Authority (FCA) on pension transfer advice will bring about a significant change in the conversations between schemes members and their advisers.8 October 2018
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
A law currently going through Parliament could add several billion pounds to the liabilities of company pension schemes, according to analysis by mutual insurer Royal London and pension consultants Lane Clark & Peacock (LCP).12 February 2018
How I have helped our clients
We helped our client by carrying out a pension scheme internal audit to improve operational processes.
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.
Survey - How generous are transfer values?
In this survey we explain what the FCA's new Transfer Value Comparator (TVC) is, and reveal the findings of our research which surveyed 200 defined benefit pension schemes.
Survey - How do DB schemes communicate with members?
In this survey we look at what retirement options DB pension schemes offer, and how they are communicated to members.
IORP II Directive
IORP II Directive explained in new LCP guide
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.Discover more
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
Our intuitive, real-time pensions technology allows you to see the information you need when you need it, helping you to make decisions.Meet some of our experts
We help both trustees and sponsors prepare for and deal with corporate change.Discover more
We can help trustees and corporates review the operation processes of pension schemes and ensure they remain fit for purpose. We also advise on the potential impact of IORPII for UK pension schemes, including the governance, risk management and other implications.Meet our experts
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.Discover more