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Pensions & benefits

Pension risk transfer

When it comes to transferring pension risk there is only one chance to get it right.

Our clients have the confidence they're working with highly experienced, leading industry experts. We can help on the whole journey, from designing strategy, effective preparation, deal structuring and negotiation, and managing a seamless post-transaction process – whether that be for a buy-in, buy-out, superfund transfer or longevity swap.

Your goals and your members’ experience are at the heart of everything we do

LCP's experience in lead transaction adviser role

  • Deals over £100m in the last decade

    130+ buy ins/outs
    Over 50% more than the next leading advisory firm
  • Deals under £100m in the last decade

    100+ buy ins/outs
  • Buy-in/buy-out market share in 2023

    by volume
  • Buy-in/buy-out market share in 2022

    by volume

As funding positions improve, more schemes are looking to insurance. As market volumes reach record levels, insurers are increasingly selective over which transactions they participate in. It’s more important than ever that to partner with an experienced risk transfer adviser, who can achieve traction in a busy marketplace and deliver the best outcomes for scheme members and other stakeholders.

LCP consistently advises on more transactions than any other adviser – from schemes of a few £m to the largest deals in the market. This gives us unparalleled visibility of pricing, terms and structuring innovations, and practical knowledge to ensure a smooth process.

We leverage our strong, trusted relationships with insurers and reinsurers, to ensure our clients receive strong engagement. Our tried-and-tested streamlined process means even the smallest schemes can have confidence in a successful process.

  • Largest ever single buy-in transaction

    RSA Insurance Group
  • Largest ever full scheme insurance

    British Steel Pension Scheme
  • Largest ever volume of buy-ins

    ICI Pension Fund

Well-resourced team

Our experienced and committed 60-strong core transaction team has the capacity to deliver your transaction within your desired timescales.

Strong relationships

Our proven track-record for well-run deals increases the chance insurers participate and prioritise your scheme.

Highly effective transactions

Deep experience, combined with strong project management, will ensure a smooth process with exceptional pricing and terms.

Specialist adviser

We slot in seamlessly with existing teams, providing unbiased advice with a sole focus on achieving your risk transfer objectives.

Insurer-side experience

Our team includes people who have held senior positions at insurers and reinsurers, as well within insurers’ administration teams. Their knowledge and personal insights are embedded within our transaction processes.

A joined-up, multi-disciplinary team

We work closely with other LCP specialists to provide you with holistic end-to-end advice, covering data services, longevity modelling, post-transaction support, and member communications, as well as comprehensive due diligence on insurer financial strength, ESG credentials and administration capabilities.

Get in touch

If you would like to know more about our services and how we can help you with pensions and benefits.

Contact us