Chart your own course 2022:
Shifting gears


The last year has been a good one for pension scheme funding, with many making meaningful progress towards long-term goals.

Against that backdrop, we reached out to the pensions industry in a recent survey, to gain insights into what is on trustees’ minds right now.

We summarised our findings into our 4th Chart your own course report which will help you stay ahead of the game by turning journey planning discussions into actions.

This year’s report has LCP’s Strategic Journey Planning framework at its core, providing suggested actions and top tips for each stage to help you kick start or evolve your journey plans.

Explore the report

What's inside?

This year we found that most schemes had seen strong improvements in funding positions, especially on a buy-out basis. We also found the following were on trustees' minds:

  • Triennial valuations and how these fit into the wider journey plan
  • The drive towards net zero, with lots of progress being made but some pushing back - 30% of survey respondents not feeling it is relevant
  • A strong desire for the pace and volume of regulation to reduce
  • Mixed views on diversity, equity and inclusion (DEI) with some 20% of survey respondents feeling this is a burden

How we can help

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

We help trustees understand and monitor the employer covenant.

We help make governance simple and effective so that you can make decisions and act on opportunities quickly.

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.

We help you get your investment strategy right to ensure good member outcomes in your DB and DC schemes.