LCP successfully transitioned pension administration services within eight working days.
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.
Accounting for Pensions 2019 - May report
Thought leadership report
With the FTSE 100 maintaining their pension accounting surplus, it is time for companies to embark on the next stage of their pensions journey.Explore our findings
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
How we helped our pension scheme client achieve GMP reconciliation ahead of buy-in
How we helped our client inform their employees about pensions tax issues, and provided the tools to help them arrive at the answer themselves
Our Pensions administration experts
Our latest thinking
In this blog, Damian Bailey discusses why financial advisers are leaving the pensions transfer advice market and what this means for your members.11 June 2019
Transfer quotation activity continues to slow-down and there is evidence of a declining interest from younger members. Our latest quarterly analysis shows that, the average age of members receiving a quotation in Q1 2019 was 55 and the average age of members taking transfer values quoted in Q3 2018 was 57. This update covers some immediate considerations for transferring members.16 May 2019
How we can help
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