19 August 2020
LCP has posted a record income of £126.5m during the financial year 2019/20, an increase of 10.1%.
Aaron Punwani, LCP CEO commented: “This year we have seen steady growth in LCP’s talent base, client portfolio and range of services. This is, however, a time more for reflection than for celebration, as we continue to help our clients navigate the challenges of Covid-19.
The foundations of collaboration and community within our firm culture, as well as our investments in technology, have enabled us to step up to the changes in the way of working that the pandemic has brought with it. I am immensely thankful for the energy that colleagues at LCP have shown in doing so. With the economic uncertainty that lies ahead, our priority is to remain resilient and focus on building relationships in order to look after our people, our clients and our business for the long term.”
Key highlights over the year include:
- Sir Steve Webb, former UK Minister of State for Pensions, joined the firm as a partner in February 2020.
The DC team increased revenues by 17.8% and hired Heidi Allan to head up our financial wellbeing services to clients.
- This year was a record-breaking year for new business, winning more opportunities than ever before, including 34 new on-going actuarial, investment consultancy, DC and/or pensions administration appointments.
- The Investment team has continued building on their success advising clients outside the UK pensions market. During the year, we were appointed as investment advisor to a major sovereign wealth fund and central bank, as well as one of the largest charities in the UK.
- The firm’s football analytics practice continues to grow, with 10 high profile European football institutions, including Premier League clubs, now using LCP’s technology and analysis to enhance their player recruitment processes. A recent upgrade to the player recruitment platform, TransferLab, has generated interest from institutions around the world, including from clubs in the USA and South America.