I find pensions endlessly fascinating! My first job was as a micro-economist with the Institute for Fiscal Studies for nine years, followed by two years teaching social policy at Bath University. I was unexpectedly elected to Parliament in 1997, and served for 18 years, the last five of which I was the Pensions Minister.
During my time at DWP I oversaw the successful implementation of automatic enrolment, helped design and legislate for the new state pension and played a key role in the ‘pension freedoms’ introduced in 2015.
Since leaving politics I have worked for four years for the mutual insurer Royal London commenting on all matters relating to pensions and in 2020 I joined LCP as a partner, advising and commenting on a wide range of DB and DC pensions issues and speaking at a variety of events.
When we ask LCP for advice we are reassured that they will often come back with more thought provoking ideas and risk strategies for us to consider than just a generic answer thus giving us options and liabilities to walk through.
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How LCP 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.
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.
We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits.
We help trustees understand and monitor the employer covenant.
We help you get the best value out of your DC scheme and ensure the best possible outcomes for members.
We help you navigate the complex area of employee benefits and implement a successful strategy
We help you make important investment decisions, and make sure that your investments are performing as you need them to.
We help you get your investment strategy right to ensure good member outcomes in your DB and DC schemes.
We provide a bespoke, high quality pensions administration service.
We help make governance simple and effective so that you can make decisions and act on opportunities quickly.
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.
We help trustees achieve their strategic goals, with solution-led, appropriate advice.