How we helped one of the largest DB pension plans in the UK, ICI Pension Fund, progressively insure their longevity risk using innovative umbrella contracts
Pensions & benefits
and longevity swaps
When it comes to transferring your pension risk to an insurance company you only get one chance to get it right.
From the early steps of navigating your scheme’s de-risking journey to the final negotiations for a buy-in or buy-out transaction, we are the recognised industry experts. So you can feel confident that you’re in the best possible hands.
Pension de-risking steps up a gear
Thought leadership report
As pensions de-risking becomes more exciting than ever, our 2018 report helps you stay up to date with the latest developments in the buy-ins, buy-outs and longevity swaps market.Download here
How we can help
Your journey to remove risk from your DB pension plan can be a challenging one and we're here to guide you throughout that journey.
We’re often brought in as a specialist adviser, working constructively with your scheme actuary and investment consultant, to review buy-in, buy-out and longevity swap options. We don’t duplicate the work they do. Instead, our independent advice helps you plan, prepare and be ready to move with confidence.
We have a suite of award-winning technology to help you do this. LCP Visualise and LCP LifeAnalytics provide everything you need to know to make joined-up investment, funding and de-risking decisions.
When it’s time to execute a transaction, we are skilled negotiators who work hard to make sure you get the very best outcome. We help you move quickly to lock into short-lived pricing opportunities, just as the ICI Pension Fund did after the EU referendum vote (read about it here). That’s why we’ve been the lead adviser on more of the UK’s defining buy-ins and buy-outs than anyone else.
How we have helped our clients
How we helped Leaf UK achieve a £35m full buy-out within six months
How we helped Northern Bank to address longevity risk with a £680m collateralised pensioner buy-in
How the Pearson Pension Plan transferred a third of its longevity risk and put in place a platform for further de-risking over time.
Our Buy-ins, buy-outs & longevity swaps experts
Our latest thinking
In this podcast, you will hear Jon Wolff, partner and head of our covenant advisory team, Gordon Watchorn, partner and actuary in our corporate consulting team and Sam Jenkins, senior consultant and actuary in our pensions de-risking team (both of whom are part of the independent team at LCP researching consolidators) discuss around the table the latest thinking concerning DB consolidators from a corporate perspective.14 November 2018
In this blog, Sam Jenkins, pensions actuary in our de-risking team and our independent team at LCP researching consolidators, provides an introduction to this new market, as well as an overview of the two consolidators currently in the market.14 November 2018
Meet the team
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 team works with trustees and sponsors of pension schemes to help them maximise their investment returns, while ensuring risk is well managed.Meet some of our experts
LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.Meet some of our experts
We help you identify and implement strategies that will help you achieve your objectivesMeet some of our experts
We help companies manage and mitigate their pensions risks and costs.Meet some of our experts