LCP Annual DB pensions conference 2026
Pensions & benefits DB corporate consulting Endgame strategy and journey planning Scheme actuary and trustee actuarial services Pensions administration DB investment consulting DB pensions LCP’s annual DB pensions conference 2026 brought together trustees, sponsors, in house teams and industry experts to explore the questions shaping the future of defined benefit pensions.
The DB Exchange: Sharing ideas, testing perspectives and shaping decisions
From member outcomes, trusteeship and longevity to endgame options, governance, implementation and the evolving pensions landscape, the day explored how different perspectives and areas of expertise can come together to support better decision-making.
With change and uncertainty continuing to shape the market, the DB Exchange focused on the importance of collaboration, constructive challenge and keeping members at the centre of decisions.
Discover the key themes and conversations from the day.
Watch the highlights from the day
What does successful run-on strategy look like in practice?
Our speakers Jonathan Wolff and Jacob Shah explored whether it really is time to “stop de-risking” – and how a flexible approach to covenant can give trustees greater confidence to pursue higher-growth investment strategies.
In this blog, Jonathan builds on that discussion, introducing the STAR covenant framework: a practical way to think about the role of covenant in a run-on and surplus sharing strategy, from establishing the right starting position to planning for downside risks, setting appropriate funding buffers and maintaining regular monitoring.











