Record performance for LCP reflects commitment to client outcomes, innovation and long-term focus

LCP has announced another successful year, posting record income of £254 million during the financial year 2025/26.

Highlights over the year include:

• Responsible business - LCP became a certified B Corp, strengthening the firm’s long-standing commitment to making thoughtful, ethical and long-term decisions for the benefit of clients, colleagues and the wider community.
• Protecting financial futures - Being at the forefront of endgame innovation, including advising Stagecoach on an innovative deal for Aberdeen Group to replace them as the sponsoring employer of the £1.2bn Stagecoach scheme. On average DC clients’ investment strategies outperformed master trust defaults by 1.7% over the year to 30 September 2025, which is the equivalent of £410 per member.
• Managing risk - The Pension Risk Transfer team led on transactions totalling £7.8 bn in 2025. LCP’s reserving tool InsurSight was named Actuarial Modelling Solution of the Year at the 2026 InsuranceERM UK and Europe Awards.
• Technological innovation - Updating pensions technology tool Visualise+ and developing Elsie, a secure AI tool, enabling consultants to harness advanced AI capabilities.
• Delivering excellent client service - Every three years LCP commissions an independent client satisfaction survey. The Net Promoter Score has increased from +65 to a best-in-class +71, compared to an industry average of +36. Reasons for this strong scoring include expertise and advice, service and our people.
• Thought leadership - Producing important research and thought leadership, including a five-point framework to help employers understand whether CDC or DC is the best option for their employees and analysis of the government’s productive finance agenda. The firm also conducted major research producing new insights into how pensioners spend their money in retirement.
• Health expertise - Expanding the health team into the US, launching US Access Solutions.
• Shaping the energy transition - LCP Delta now performs power market modelling in Germany, France, Poland, Lithuania and Chechia. This year experts from the team have been appointed to a panel to help deliver the next phase in the development of the UK’s electricity network.
• Supporting local communities - The firm allocated £275,000 to charities across the partnership year.

Aaron Punwani, LCP CEO, commented: “In a world of continuing uncertainty and geopolitical change it’s incredibly important that we take a responsible and long-term view to achieve the best outcomes for our clients, communities and people.

“By becoming a certified B Corp this year, we have made a firm and real commitment to this. Our continued work in important social areas such as financial futures, health and energy means that we live up to the purpose we have set ourselves: to shape a more positive future. Alongside this we have embedded AI and new technologies across our business to combine insight and innovation.

“We celebrate another year of success because of our focussed approach, but it is our people and culture that are the driving forces behind our progress. We continue to attract and retain individuals who bring deep sector expertise, analytical skills and a strong sense of purpose to their work.”