LCP has appointed Jonathan Griffith as head of endgame innovation to assist schemes in making sure they have thought of all of their alternatives and to manage the route to their selected end-game.
Since joining the company 15 years ago, Griffith has become a partner at LCP. He has experience assisting sponsors of corporate pension plans in managing and lowering their regular risk and cost exposures related to pensions.
Griffith says: “The past year has seen a sea change in long-term attitudes towards pensions. With improved funding positions and market innovation, pension schemes are no longer seen as a millstone weighing down corporate growth, but as an opportunity to improve outcomes and increase value for members, for scheme sponsors, and for wider stakeholders.
“With such an array of options available, we are providing insight and expertise to many schemes who are now exploring and implementing end-games beyond the traditional full buy-out. ”
LCP head of pensions strategy Michelle Wright says: “As the market evolves, it is essential that pension schemes are able to step-back and consider the full range of strategic options available, in order to ensure the best outcomes for all stakeholders can be unlocked.
“As activity and competition reaches new heights in the bulk annuity market, the transition to other end-game solutions will become increasingly important. I am excited for Jonathan and LCP to be driving innovation in this important area.”
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