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Pensions & benefits

Trustee
consulting

We help trustees to deliver the best possible outcomes for the members of their DB pension schemes.

Trustees make important decisions which affect the lives of their members and their families for years to come. We work with trustees to make sure the scheme does not lose focus and keeps abreast of the huge amount of guidance and regulation. This is particularly key, with the changes afoot on funding regulation and the direction of travel trailed in the Pensions’ Regulator’s 2019 funding statement.

Trustees need to understand diverse subjects, such as journey planning, investment, funding and risk management, all in the context of a robust understanding of the sponsor’s covenant, to get their scheme to its destination. They are also expected to work collaboratively with their sponsor to help ensure all members get the benefits they have been promised.

How we can help

Our clients and their pension schemes are unique. The better we know you, the better the solutions that we will provide. We will help you work out the end-game that is most suitable for you, and the best journey plan to get you there, whilst recognising and managing your key risks to that journey. We pride ourselves on the strong relationships we have with our clients.

We aim to walk in your shoes so that we understand what you need to make the best decisions for your circumstances and then deliver accordingly. We are adept at distilling complexity into simple messages, identifying what is important and giving clear advice on how to achieve your goals.

We understand the importance of covenant and how this intersects with funding and investment decisions – and we step back to look at your scheme and sponsoring employer through a wide lens, allowing us to give well-rounded advice.

We use cutting edge technology that enables us to help you make better decisions in less time. Our advice is supported by our innovative technology, such as LCP Visualise, which provides funding, investment and covenant analytics and LCP Sonar, our risk management tool.

How we have helped our clients

Reinvigorating risk management

How we refreshed and reinvigorated our client’s approach to managing their integrated covenant, investment and funding risks, using LCP Sonar.

Our Trustee consulting experts

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How can we help?

Actuarial advice

We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.

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Buy-ins, buy-outs and longevity swaps

We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.

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Covenant consulting

We help trustees understand and monitor the employer covenant.

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Investment strategy

We help you get your investment strategy right to ensure good member outcomes in your DB and DC schemes.

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Scheme governance

We help make governance simple and effective so that you can make decisions and act on opportunities quickly.

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Strategic journey planning and risk management

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.

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