January 2025 Edition
Welcome to January's edition of LCP Digest. Our monthly newsletter brings you our latest thinking on the big news and trends across insurance, investment, and pensions.?Every month we will provide you with valuable insights and expert commentary.
Our predictions for the year ahead
2025 looks like it will be a busy year for the pension industry. With many key announcements expected throughout the year, our experts have been reflecting on last year’s learnings and identified the major trends to watch in the months ahead.
Pension risk transfer market
Charlie Finch ,? Imogen Cothay ?and? Ruth Ward think that this year will see at least one new DB superfund and one new insurer.
DB Trustees
Katie Walker shared the issues that DB trustees should prioritise this year to stay prepared and capitalise on opportunities. This includes the Funding Code, General Code, and more.
DC pensions
Lizzie Potter and Lydia Fearn reflected on last year's key themes and shared resolutions for the DC industry, emphasising the importance of effective stewardship.
Chief Risk Officers
Catherine Drummond shared her thoughts in InsuranceERM on why we should expect more Chief Risk Officers (CROs) to collaborate closely with boards.
Company Directors
Gordon Watchorn shared his thoughts on what company directors should prioritise this year.
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What’s new in the pensions landscape
Unlocking the UK pensions market
Our Head of DC, Laura Myers, recently shared our response to the?Unlocking the UK pensions market consultation, which sets out the Government’s proposed reforms to deliver scale and accelerate consolidation in the DC Master Trust market.
We are urging the Government to define productive finance clearly and specify investment priorities rather than using scale as a proxy.
Later this week the Chancellor will outline government plans to change pension rules to allow trapped surplus funds in DB schemes to be invested in the wider economy. LCP’s Steve Hodder has helped lead industry wide discussions on these issues and has also discussed them with the Government.
Getting ready for the new funding regime
Jonathan Wolff and Edward Symes highlight key steps charities and not-for-profits need to consider to make sure they are ready for the new funding regime. This includes preparing for the additional information the pension trustees will request about the covenant.
Our latest podcasts
Insurance Uncut
Charl Cronje and Jessica Snowball discussed the role of a Chief Underwriting Officer and how AI impacts the insurance industry with Karen Dayal, CUO for Commercial Lines at Aviva UK.?
Investment Uncut
Jacob Shah and new co-host Laetitia Anstee-Parry spoke about economic divides with Paul Collier , Professor of Economics and Public Policy at the?Blavatnik School of Government at the? 英国牛津大学 .
Founder of new actuarial organisation, inqa.group. A student union for IFoA students is next. Software Architect, Data Scientist, Actuary.
1 个月Why are you still pushing the increasingly discredited DEI which has been comprehensively rejected in the US and is now increasingly out of favour in the UK? (See https://www.lcp.com/en/about-us/diversity-equity-and-inclusion)