Professional learning through shared experience with LCP
Hosted by: Lane Clark & Peacock (LCP
Date and time: Wednesday 25th September 2019 8:00- 13:00
Location: LCP, 95 Wigmore Street, London, W1U 1DQ
LCP are delighted to host this session where we will share our technical insights on the prominent issues that trustees are facing. With members benefits always at the forefront of our minds, our training day is designed to provide a safe learning environment where issues can be discussed in confidence.
Professional learning through shared experience with LCP is a free training event including breakfast, coffee break for networking and lunch to the end of the event.
8:30 - Registration & breakfast
9:15 - Welcome - Lorraine Porter - Principal and Bob Scott - Partner
The ability to pay scheme benefits is driven by the strength of the covenant – it reflects the sponsoring employer's commitment to the pension scheme and its ability to meet that commitment by coming up with the contributions when they are required - not just now - but many years into the future. Do you need a covenant review to better negotiate future funding, secure a guarantee or set the journey plan? Francesca Bailey will lead the session to explore the importance of covenant and how to keep it proportional and practical.
I joined LCP in 2018 as a Consultant in LCP’s Covenant Services practice.
I help trustees and sponsors to understand the covenant supporting their defined benefit pension schemes.
I have also been involved in the development of LCP Sonar, our risk profiling tool designed to help our clients understand the covenant, funding and investment risks of their scheme and how these risks interact with each other.
I am a Chartered Accountant, having qualified with the ICAEW in 2017.
I graduated with a BSc in Economics and an MSc in Risk & Finance from the University of Southampton.
This is a hugely complex area and despite the recent judgement, many unanswered questions remain. Further clarification from the court and guidance from the DWP on implementation is anticipated later this year. HMRC and the Pensions Regulator may need to step in on tax implications or regulatory concerns, too. So, clearly, there are lots of players and moving parts. With that in mind, Alasdair Mayes will take you through the alphabet of options, implications of methodology and how we’re helping our clients.
As an actuary, with over 20 years' experience helping sponsors and trustees on pensions matters, I advise on funding, risk management and benefit design. I also specialise in equalising for GMPs, pensions tax and financial reporting.
I like to provide simple and pragmatic solutions to complex problems. Outside of LCP, my two young sons keep my wife & I busy - however I always try to find time for some cycling.
11:00 - Coffee break
This session will demystify the acronyms and give you the confidence to ask the right questions when it comes to meeting your cashflow requirements in the most cost effective way. We will discuss the pros and cons of meticulous matching, over engineering your investment strategies and keeping your eye on the journey plan.
I joined LCP having worked in consulting and fiduciary fund management for over two decades. I have advised DB, DC, insurance and charity clients on all investment matters and had the pleasure to work with corporates, trustees and in-house teams for some of the best run asset pools in the UK.
Solving your problems means considering events beyond the investment silo, so I can help you plan and I then keep my eyes open for the best opportunities to achieve your goals.
I have written various papers on investment matters and regularly present at conferences.
Being a member of The 300 Club, you can be assured that I do not just peddle the usual lines about risk models and asset classes. If you need a fresh perspective on your investment challenges, I would love to hear from you.
Investment Senior Consultant
My name is Jack and I’m a Senior Consultant in the Investment team. I am also a qualified Actuary.
I help pension scheme trustees manage their investments to meet their long-term objectives, and I am the day-to-day contact for all of my clients.
I am also a member of LCP’s LDI and Derivatives Research team. Recently I have worked with trustees to design efficient solutions for managing risk, freeing up assets to generate returns elsewhere in their portfolios.
An increasing number of pension schemes are using buy-ins as part of their long-term de-risking strategy, and recent market volumes are backing this up. We’re also seeing some of the most attractive buy-in pricing (compared to holding gilts) for years, so demand from pension schemes is only likely to increase. Many trustees are asking if they should be looking at a buy-in given the current good pricing. But the key questions they should first ask are “does a buy-in make sense for my scheme at the current time and have we considered liability management exercises as part of the de-risking solution?”
Hi, I'm Ken. I've been helping my clients for nearly three decades, to understand risk, improve their investment returns and better secure members' outcomes.
I advise a range of £billion+ clients, across a range of industries, with very different objectives. I advise schemes/sponsors in the retail sector; German banks; global manufacturers; pharmaceutical companies; and the regulated water industry. For an additional challenge, I also advise the trustees of a scheme that was saved from the PPF, which owns its own sponsor, so has a unique set of challenges.
My approach is that getting a 90% good strategy in place, that ensures clients get invested in the best investments quickly, is much better than discussing what perfection looks like for months on end.
My passions are challenging the status quo to help improve outcomes and using technology to improve information flow / efficiency / decision making.
Within LCP, I am Head of Business Strategy within the investment department – this role allows me to deliver the areas I am passionate about, to help ensure LCP continues to innovate and to develop the tools and technology to help deliver exceptional advice.
I’m Sarah, a consultant in LCP’s pensions practice and a qualified actuary.
I help my clients with their defined benefit pension schemes, working with both trustees and corporate clients. I also build relationships with schemes we don’t currently work with to share some of LCP’s new ideas to issues they are facing and to keep them up to date on what we’re seeing in the market.
As a member of LCP’s specialist insurance de-risking team I have helped a number of schemes manage their longevity risk through buy-ins and buy-outs. On top of that I analyse the insurer pricing on all the deals LCP receives. This helps our clients understand what is happening in the insurance market, and also to decide whether the time is right for insurance de-risking to form part of their pensions strategy.
13:00 - Lunch
CPD certificates will be sent 24/48hr after event.
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