Clive Wellsteed

As part of our series looking at what firms did to win accolades at the UK Pensions Awards 2016, PP speaks to LCP partners Charlie Finch, Michelle Wright and Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.

The ICI Pension Fund has revealed it saved £10m by completing its latest buy-in with Legal & General (L&G) shortly after the EU referendum.

In the second part of our series looking at what firms did to win accolades at this year's UK Pensions Awards, PP speaks to LCP partner Clive Wellsteed about how the firm won the Risk Reduction Adviser of the Year category.

The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.

The Total UK Pension Plan has insured £1.6bn of pensioner liabilities with Pension Insurance Corporation (PIC) in the second largest UK bulk annuity transaction to date.

Trustees of the Philips Pension Fund have exchanged holdings of gilts and cash for a buy-in covering £484m of the 33,000-member scheme's liabilities.

Insurance companies are now providing benefits for more than 500,000 UK defined benefit members after a record year for buyout and buy-ins, research shows.

Strong asset gains and the closure of defined benefit schemes have made pensioner buy-in prices their most attractive since 2008, according to LCP research.

Buyout prices will rise as demand for pension scheme de-risking grows, Lane Clark & Peacock warns.

The number of firms giving members the chance to take pension increase offers is set to rise significantly this year, a consultant says.