How our advice offered an intuitive summary of a Trustee’s complex situation, providing the information they needed to comfortably make key decisions.
Pensions & benefits
We help trustees and sponsoring employers understand the covenant supporting their pension scheme.
Understanding a scheme’s employer covenant is fundamental and should underpin any decisions relating to investment, funding, risk management and journey planning. Covenant strength can change quickly and significantly which can be triggered by a range of events, such as changing market dynamics, corporate or scheme restructurings, transactions, or fluctuations in trading performance.
Chart your own course
How to navigate your pensions journey
In this report we analyse pension scheme approaches to risk and set out a blueprint for trustees to navigate the journey to securing member benefits.Download now
How we can help
We help our clients understand their covenant. As well as undertaking triennial covenant reviews to support actuarial valuations, we provide proportionate and insightful monitoring solutions, advising on covenant support in the context of funding strategies and investment exposure.
We also help our clients with a wide range of additional covenant support, from understanding the impact of transactions and corporate events, to implementing non-cash funding solutions and undertaking reviews on PPF guarantee certifications.
How we help trustees with their covenant
Collaborative, proportionate and pragmatic advice - this is what our clients tell us they value most.
We champion a collaborative approach between advisors, sponsors and trustees. We tailor our advice to each client’s unique circumstances and provide clear advice on complex topics in a form that is easy to interpret, supported by intuitive visuals. This allows all stakeholders to easily understand the information and engage in discussions.
Being part of one of the UK’s largest pensions consultancies, we are able to collaborate with our experts relating to all key pension matters, facilitating our ability to provide covenant advice in a holistic and integrated manner. Our advice is further supported by our use of innovative technology, such as LCP Visualise, which provides funding, investment and covenant analytics and LCP Sonar, our risk management tool.
I have worked with Jon and the LCP covenant team on a number of cases and am consistently impressed with their ability to concisely set out the key issues and provide clear and understandable advice. LCP’s collaborative approach with trustees, sponsoring employers and advisers on both sides is a real feature of their proposition, which leads to positive outcomes for all parties.
How we have helped our clients
How our comprehensive covenant assessment helped Trustees to negotiate a shorter recovery plan.
How we helped Trustees to understand how Brexit would affect their covenant strength.
How we gave the Trustee of a DB Scheme a better insight into its covenant and helped to achieve a better outcome.
Our Covenant consulting experts
Our latest thinking
In this blog, Dan Mikulskis asks how well you have TESTED the impact of your covenant on your investment strategy.23 August 2019
In this blog, Jonathan Wolff discusses what moving into a consolidator means for employer covenant.10 January 2019
How we can help
We help both trustees and sponsors prepare for and deal with corporate change.Discover more
We help clients identify, manage and monitor pensions risks in an integrated way.Meet some of our experts