We ensure the smooth running of thousands of defined benefit (DB) pension schemes in the UK. We help the trustees responsible for running those schemes, and companies who sponsor them, by providing advice to help them appropriately manage their risks and ensure good outcomes for members. The wide-ranging work we do includes complex modelling/valuing of benefits, strategic advice on negotiations and broking high value insurance transactions.
Our recruitment process is not looking to catch you out but support you in showcasing your skills and knowledge. We encourage you to declare extenuating circumstances as this will help us better understand your eligibility.
If you require reasonable adjustments to assist in the recruitment process, please let us know by emailing accessibility.aware@lcp.uk.com
We have an extensive three-year departmental training programme to get you up to speed on key technical and professional issues in relation to defined benefit pensions.
We also offer regular wider training sessions, covering areas such as market “hot topics”, new and evolving areas of the pensions landscape.
Additionally, our learning management system, LCPLearn, provides access to hundreds of training resources, including workshops and elearning – allowing an individual to self-serve and drive their own learning.
As a consulting actuary, a key part of your future role will involve presenting advice and ideas to our clients clearly and in a way that is easy to understand. We realise that for some, this will be a new experience – and possibly a daunting prospect! But there is no need to worry, our training programme is specifically designed to help you develop the skills and confidence you need to be a successful consultant.
Our “LCP speaking club" and "LCP Xtra" programmes offer additional opportunities for you to practise presentation skills in-house before putting them to the test in front of clients.
We sponsor Pensions Actuarial graduates to study the Institute and Faculty of Actuaries (IFoA) exams.
Today's IFoA exams are all about giving you the practical knowledge you will need every day. Some of the exams are technical and mathematical while others are more to do with written communication and presentation skills, but all are focused on giving you the knowledge and confidence to excel in your role.
Completing these well-renowned qualifications gives you personal credibility as you hone your experience, but they do require you to dedicate time and effort to your studies. This will involve you investing time on evenings and weekends alongside the study package we offer.
We will support you through every stage, including:
A quick word of reassurance: very few people pass all their exams first time, and you won't be under any pressure to do so. Our study programme makes allowances for you sitting exams more than once. However, when people’s hard work does pay off, we pride ourselves on recognising and celebrating their success.
The future of a career in this department is full of opportunity. The world of Defined Benefit (DB) pensions is at a fascinating point of transition, shaped by evolving regulation, richer data, and the rise of AI-powered analytics. This creates new strategic options for our clients, and exciting career prospects for you - where the work you do can have a real, lasting impact on people’s futures.
As your skills and experience grow, you will take on greater responsibility within your teams. This could include:
This is a career for problem-solvers, communicators, and big-picture thinkers. If you’re curious, ambitious, and ready to grow, the opportunities here are limitless. Join us and help shape the future of pensions - while building a career full of variety, challenge, and impact.
