LCP reports another year of sustainable growth driven by people, culture and technology

LCP has announced a record income of £232 million for the financial year 2024/25, representing a 10 percent increase on the previous year.

Aaron Punwani, CEO of LCP, commented:

“This has been another strong year for LCP. We have continued to grow our impact in areas such as investment, energy, health and insurance while also keeping our fingers on the pulse of the shifts and changes happening in the pensions industry. Underpinning all our successes is our overarching purpose to shape a positive future for our clients and the communities around us.

“We remain committed to a culture of inclusion and innovation so we can stay ahead of client needs and industry trends. This is what enables us to deliver exceptional service and create true change.”

Some key highlights include:

• Improving financial futures: Over £800 million has been repaid to women following Steve Webb’s uncovering of state pension errors, with total repayments likely to reach £1 billion. The firm has also played a leading role in shaping the Collective Defined Contribution (CDC) landscape by supporting members of the Royal Mail Collective Plan, the first CDC scheme in the UK.
• Playing a key role in the energy transition: LCP’s energy business, LCP Delta, has been instrumental in projects such as decarbonising the Thames and repurposing energy infrastructure to support the new energy mix. The firm launched its climate policy asks with the support of owners of assets worth more than £185 billion.
• Advancing technology: The firm has continued to invest in its technology platforms to better serve clients and respond to changing market needs. It launched Transpose™, which transforms written content into interactive audio and video; introduced Medicines Nexus™ for advanced pharmaceutical analytics; integrated AI into Spark for energy research; and developed an updated version of its industry-leading tool, Visualise, for real-time pension monitoring.
• Managing risk: The Pension Risk Transfer team has continued to lead on landmark industry transactions, such as the first DB Superfund transfer for a scheme with a non-distressed sponsor. It also completed its 100th transaction through the streamlined small scheme risk transfer service. In 2024 alone, LCP experts led on 42 transactions totalling over £13 billion.
• The firm’s reserving tool InsurSight was named Reserving Solution of the Year at the 2025 Insurance ERM Awards. It has analysed insurance reserves of around £200 billion and has also launched in the North American market.
• Improving health and wellbeing: The Health Analytics team has continued to contribute to the conversation around improving health equity and outcomes and has been involved in cutting-edge projects, including reducing waitlists using AI.
• Supporting communities: Over £250,000 has been donated to support 39 different charities, £20,000 was given to foodbanks local to each of our offices and contributed over £35,000 through matching applications.