In this blog, Richard Mills investigates some of the findings of the Pensions Institute’s latest report, Greatest Good 2.
I work with trustees and sponsoring employers of a wide range of UK pension schemes, from large (£4bn) to small (£6m). I help clients with all aspects of UK pensions, including funding negotiations, designing and implementing de-risking plans, accounting and changes to benefit provision.
I have significant experience in pension scheme wind-ups and in helping clients with stressed DB schemes to design and execute PPF+ solutions. Some cases in the public domain include Uniq and its groundbreaking deficit-for-equity swap (via a regulated apportionment arrangement), First Quench and MF Global.
I head up LCP's specialist GMP equalisation team and have a wide range of experience in this complex area. I help pension scheme trustees to implement GMP equalisation for their members in a pragmatic way, usually (but not always) in connection with a scheme wind-up.
I am also involved with the development of LCP's core modelling systems, including LCP Visualise - our flagship DB modelling tool. Our aim is to ensure our clients and colleagues are well-informed and have up-to-date information at their fingertips.
Richard is prepared to put in extra time and effort, and think creatively, to achieve an exceptional outcome.
The recent high court judgment confirms that occupational pension schemes need to adjust scheme benefits to remove the inequalities that arise from unequal GMPs.
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 are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.Meet some of our 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