Welcome to LCP’s sixth annual report into pensions issues for corporate sponsors.
Schemes have a ‘once in a lifetime opportunity’ to reap rewards for members and corporate balance sheets.
For decades, the narrative on Defined Benefit pension schemes has been around clearing deficits, reducing investment risk, and ideally getting the scheme off the corporate balance sheet as soon as possible. But the dramatic events of the last year have allowed sponsors to see their DB pension scheme as an opportunity and not simply a risky cost.
This report highlights the variety of options now open to mature DB schemes approaching the end of their journey and urges schemes to get their strategy right before making their plan of action.
- Managing surpluses - shifting mindset and increasing value
- Important investment considerations in a world with higher interest rates
- Corporate developments – important changes
- Key accounting issues ahead of year-end
How can we help
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.
We work with you and your finance team to ensure that your ongoing statutory duties and compliance exercises are done quickly, efficiently and accurately.
We help trustees and sponsors of pension schemes understand and manage the costs, risks, timeframes, and opportunities associated with different pensions endgame strategies.
Contingent funding approaches are rapidly becoming more widespread. They can be a great way to protect member benefits as well as the shareholders and other creditors of the sponsoring employer.
Whether to enter a DB Consolidator is a complex decision. Sponsors and Trustees must be sure it is the right decision for their scheme and its members. We can help.