Pensions & benefits


Getting governance right can provide huge benefits but getting it wrong can carry significant risks.

Having a defined and robust governance process means you can be sure you're meeting your obligations and carrying out your role efficiently and effectively. But it also puts your scheme ahead of the pack when it comes to dealing with the unexpected and taking advantage of market opportunity. Done right, it creates a framework for making quick decisions, and ensures that your scheme is well prepared to implement them.

How we can help

We know that different schemes need different levels of support, so we take the time to understand your needs, and work at the level required to get the best result. This can be anything from acting as an outsourced trustee secretary or pensions manager, to developing a governance framework, managing projects, or simply keeping you informed of upcoming changes.

Our core focus is ensuring trustee boards manage their business effectively. We can help you make quicker and better decisions on general scheme and investment issues by making governance as smooth as it can be.

LCP's Online Governance System moves your meeting management online and provides a secure and flexible solution for storing your scheme’s key documents. It’s a vital tool for supporting effective trusteeship in the 21st century.

How we have helped our clients

Improving trustee performance

We helped our client by carrying out a board effectiveness and governance review to improve effectiveness and decision making.

Our Scheme governance experts

Our latest thinking

DWP publishes GMP conversion guidance

News Alert: the DWP has today published guidance to using its existing GMP conversion legislation to tackle the 17 May 1990 – 5 April 1997 Guaranteed Minimum Pension inequality issue. This is a significant development, but much more needs to be done before schemes will be able to use this approach with confidence to resolve GMP inequalities.

18 April 2019 David Everett, Partner

How we can help


We take a practical and cost effective approach to helping trustees improve pension governance.

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LCP Sonar

LCP Sonar, our risk profiling tool, benchmarks your scheme against other pension schemes, covering covenant, funding and investment risks. You can quickly see how your scheme’s risk profile compares to others and think about the key risks for you.

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Outsourced pension management support

We can provide outsourced, flexible pension manager support.

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Pensions scheme internal audit

We help with pension scheme internal audit which ensures operational processes are fit for purpose. We also advise on the potential impact of IORPII for UK pension schemes, including the governance, risk management and other implications.

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Trustee secretarial

We provide a flexible service to help you manage your pension scheme and achieve good governance.

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Trustee training

We offer a variety of standard and bespoke training sessions for pension scheme trustees.

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