Trustees

Pension Fund Trustees have an important responsibility. We provide a range of services to help trustees perform their duties in accordance with best practice and in line with legislation. Our advice is clear and precise and allows trustees to make fully informed decisions.

Scheme Actuary Services

LCP provide Scheme Actuary services to Defined Benefit pension schemes and this role includes:

  • Preparation of regular actuarial valuations and presentation of the results under various assumptions
  • Advice on the costs and impact of proposed benefit amendments
  • Advice on the risks and potential returns inherent in any proposed investment strategy
  • Preparation of actuarial funding certificates and actuarial statements as required under the Pensions Act
  • Liaising with the Pensions Board on funding standard and other issues

Assistance and advice in communications with members

The developing legal and compliance framework around pensions means that trustees have a greater need than ever to communicate clearly and accurately with scheme members. LCP can provide presentations to members and assist in drafting explanatory literature.

Trustee Governance Consulting

LCP offer flexible and innovative solutions, from reviewing risk registers prepared by trustees on their own to leading trustees through the whole process and producing a risk register that all trustees have bought into.

Our Trustee Governance Consulting service guide has further details of our service.

Training to help trustees satisfy their legal obligations

We provide courses for trustees regarding pensions and trusteeship. Our training is geared towards individual client needs, and courses range in duration from a few hours to a number of days.