Employers

Employers have faced considerable challenges in recent years in the provision of pension schemes for their staff. Increasing life expectancy combined with unfavourable financial conditions have forced employers to implement many structural changes in their post retirement benefit plans. LCP clear advice is of particular assistance to employers seeking to understand the risks inherent in the existing structure and in any proposed revisions.

Advice is provided on the impact of pension plans on the company accounts having regard to the ever changing requirements of existing accounting standards.

LCP also offers valuable advice on the risks and options open to entities in relation to pension arrangements during Mergers & Acquisitions.

Our day to day pension services for employers would include:

• Actuarial Valuation of defined benefit pension schemes
• Benefit projections and design of defined contribution pension schemes
• Pension scheme Investment Consulting
• Advice on benefit re design
• Compliance audits
• Pension Scheme windups
• Third Party Pensions Services for Employers

We offer a complete "search, selection and evaluation" service to employers wishing to set up a pension scheme for their employees, evaluate their current providers or re-tender for administrators, investment managers or consultants. Our aim is to ensure that employers have the highest quality, most cost-effective providers. This service can range from an evaluation of a current provider to the management of a project to re-tender and appoint new consultants, investment managers and administrators.