LCP launches STratify service to support Sole Trusteeship as popularity rises

LCP has launched STratify, a new service designed to support pension schemes operating under a Professional Corporate Sole Trustee (PCST) model, in response to the increasing popularity of Sole Trusteeship.

The service combines LCP’s Sole Trustee advisory expertise with bespoke technology, helping Sole Trustees access key scheme information in a coherent way to help them manage risks and monitor key strategic priorities together in the most efficient way.

With Sole Trustees increasingly taking on a greater share of DB scheme appointments, STratify has been developed to help them focus on the issues that matter most. It is designed to support more coordinated, decisive and outcome-focused decision-making, while enabling more effective engagement with sponsoring employers.

STratify is underpinned by a bespoke dashboard on LCP’s Visualise+ platform. It brings together real-time funding, investment, administration and covenant information, alongside key risks and strategic milestones, in one place. Continuous monitoring with colour coded strategic indicators, help Sole Trustees identify changing priorities and act quickly on emerging risks and opportunities.

LCP has experience advising on numerous Sole Trustee appointments, from under £10m to some of the largest and most complex in the market. Through STratify, LCP is applying this experience across all service areas, allowing clients to benefit from a service tailored specifically to the distinct way in which Sole Trustees operate.

Holly McArthur, Partner and Head of Sole Trusteeship at LCP, commented:

“Sole Trustees work in a different way and our new service is designed to deliver what they need in the way that they want it.

“As Sole Trusteeship continues to grow, trustees are being asked to oversee increasingly complex schemes while making decisions efficiently and with confidence. STratify brings together the information, insight and advisory support that matters most, helping Sole Trustees maintain a clear view of their priorities and focus their time where it can have the greatest impact.

“By combining the scale and expertise of LCP’s advisory services with the real-time insight available through Visualise+, we are helping Sole Trustees to stay ahead of change, be more efficient and make faster, better-informed decisions for their schemes and members.”