Buy-ins, buy-outs
and longevity swaps

Pensions & benefits

When it comes to transferring your pension risk to an insurance company you only get one chance to get it right.

How we can help you

From the early steps of navigating your scheme’s de-risking journey to the final negotiations for a buy-in or buy-out transaction, we are the recognised industry experts. Your journey to remove risk from your DB pension plan can be a challenging one and we're here to guide you throughout that journey. LCP have been the lead adviser on more buy-ins and buy-outs over £100m than any other adviser. Read more about our credentials here and how we compare with our peers.

We’re often brought in as a specialist adviser, working collaboratively with your scheme actuary and investment consultant, to review buy-in, buy-out and longevity swap options. We don’t duplicate the work they do. Instead, our independent advice helps you plan, prepare and be ready to move with confidence. 

We have a suite of award-winning technology to help you do this. LCP Visualise and LCP LifeAnalytics provide everything you need to know to make joined-up investment, funding and de-risking decisions. 

When it’s time to execute a transaction, we are skilled negotiators who work hard to make sure you get the very best outcome. We help you move quickly to lock into short-lived pricing opportunities, just as we have been doing for our clients during market volatility such as following the EU referendum in 2016 and Covid-19 in 2020 (for example read about how we helped RockRose). 

Are you starting your journey?

We’ve produced some short videos explaining the what, why and how of insuring pensions liabilities. You can watch them here.

If you are a smaller scheme, our streamlined service will help you transfer your risk efficiently at a fixed fee. Read more here.

You may be interested to read some case studies on how we helped our clients, including the British Bankers' Association £95m buy-in, MIRA in a PPF plus buy-out and a £900m full buy-out for PA Consulting.

Have you already started your journey?  

You may be interested to read about how we helped ICI Pension Fund in a series of buy-ins since 2014.

You can read about how we helped LV= in their longevity swap conversation into a £800m buy-in. 

You can learn how we helped Tate and Lyle reach full insurance seven years ahead of schedule.

Are you preparing for the end of your journey?  

Taking an early view on what buy-out and wind-up should look like for your scheme in the de-risking journey will help with long-term planning and make sure you get a strategy that is right for you. Read more here.

You can read about how we helped a client wind-up their pension scheme in record time here.

Our latest thinking

Read more

How we can help

We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.

We help sponsors of pension schemes understand and manage the costs and risks associated with supporting their current and legacy pension schemes as well as other employee benefits.

Our team works with trustees and sponsors of pension schemes to help them maximise their investment returns, while ensuring risk is well managed.

LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.

We help trustees achieve their strategic goals, with solution-led, appropriate advice.

We support trustees and employers through the complex process of winding up a scheme.

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