Steve Hodder
I advise both corporate sponsors and scheme trustees on DB scheme investment and broader pensions strategy.
I have a focus on endgame innovation, advising some of the first large schemes to implement “run-on” approaches actively targeting growing surpluses in a risk-controlled way. I also led LCP's advice to Stagecoach as part of their innovative "sponsor swap" transaction with Aberdeen in 2025.
Alongside my work with clients, since 2021 I have been leading LCP’s proposals to reform how DB pension schemes are managed, working with government, regulators and industry bodies. My ideas have fed into the Government’s recent surplus release policy proposals, including the Pension Schemes Act 2026 and accompanying DWP regulations. I am a passionate advocate that in the right circumstances, well-funded DB schemes can generate positive long-term value to benefit their members and sponsors, with a well-designed, thoughtful strategy.
Steve has been an integral and extremely positive influence on our Scheme's investment strategies. Steve exudes a very calm and composed manner, which has seen him build excellent relationships with all stakeholders. In addition, Steve will challenge industry norms, which for us has been critical, finding and bringing forward new opportunities by thinking outside of the box to keep us "ahead of the game" as markets evolve.
LCP Client
