We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits. We keep our clients updated on the implications of ever-changing pension regulation to take well-informed decisions.
We work with key individuals across Finance and HR departments to ensure that:
- the benefits provided to current employees fit and are relevant,
- the pension benefits promised to previous employees are paid and managed appropriately,
- any spend on pension represents good value for money.
Our clients tell us that they value working with LCP as we take the time to understand their business and their objectives which we reflect throughout our advice. In addition to day to day contacts we know clients appreciate access to specialists when they need it most and our team will happily introduce the right person to make sure advice fully reflects the latest thinking. LCP's success has been built on the strength of the relationships we develop with our corporate clients. We focus on bringing you the ideas that are relevant and add genuine value to your business and your shareholders so you only need to focus on what matters.
How we can help
Our experience tells us that while there are consistent or common issues, every client needs an individual solution to suit their particular circumstances – even within the same industry two clients will face very different issues based on their culture, history and market position. The Covid-19 pandemic has shown this more clearly than ever and highlighted the risk of the unknown unknowns. Working with employers to understand their objectives, the relationship with shareholders, scheme trustees and other stakeholders allows us to create and deliver an effective and efficient pensions strategy.
Our advice is clear and communicated in plain language to help you make difficult decisions for your business in what is a complex and rapidly evolving technical area. Some areas we’ve been talking to companies about recently include:
- Allowing for pensions within corporate accounts: we make sure that figures are presented in the best possible light and that all the key points are considered in advance of your year-end to avoid surprises and facilitate a smooth year-end process.
- Corporate governance: following the introduction of new powers for the Pensions Regulator in the Pension Schemes Act 2021 (including new criminal offences), we are assisting clients to develop and update governance processes to ensure they quickly identify and manage these risks as part of the decision-making processes at Company Board level.
- Mergers and Acquisitions: with so much change in the markets, as well as changes in legislation, we’ve been helping companies consider their options and complete appropriate due diligence on pensions at every stage of the M&A process.
As a result, we are helping our corporate clients to keep a rein on costs, meet their statutory duties, manage risks and deliver value for their benefit spend.
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How we can help
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