How changing administrator and pragmatically resolving data quality concerns together enables trustees to have confidence in their data as well as providing their members with a reliable and trustworthy administration service.
Pensions & benefits
Pensions administration isn’t just a box-ticking exercise; it’s the crucial element in making sure that the right person gets the right benefit at the right time, so that all your hard work running the scheme has the intended result.
How we can help
We offer a high quality, pensions administration service which we personalise to our clients’ requirements. Around 95% of our team are either qualified or studying towards a relevant professional qualification. Most are with the Pensions Management Institute. The people answering member queries are the same people who calculate and arrange for your members’ benefits to be put into payment.
When your members call, they speak to a person who is highly familiar with the scheme and is aware of any complexities around its administration. It also means that when trustees want information about how their scheme is running, we can give you real insight into what’s happening at the coal face.
We know that all schemes are different, so we tailor our services to your needs, whether that’s fully outsourced pensions administration services, supporting you with core administration activities or providing ad-hoc support. If you plan to insure benefits in the future, we can help you with the tricky task of getting your data exact to ensure you’re well placed to transact when market conditions are right, and help you get the best possible pricing.
Our bespoke PensAd technology is built in-house by pensions experts and developers who really understand what’s important. We develop it continually to improve performance and react quickly to changes in legislation, meaning that you can be confident it’s always best in class.
How we have helped our clients
LCP successfully transitioned pension administration services within eight working days.
Our pensions administration experts
Our latest thinking
In this blog Jim Little highlights how communicating with members can lead to increased transfer value activity, even where this may have been unintended.25 May 2017
In this blog, Alasdair Mayes discusses findings from LCP’s recent survey of FTSE 100 companies looking at how they've been responding to the tapered annual allowance.11 May 2017
Meet the team
We help you ensure that your members are getting the right benefits.Meet some of our experts
We provide a bespoke, high quality pensions administration service.Meet some of our experts