Pensions Data Services

Department Information

Our work sits at the heart of some of the biggest challenges facing UK pension schemes. From preparing schemes for buy-ins and buy-outs to tackling large-scale benefit rectification projects, our focus is on delivering clean, accurate and reliable data that trustees, sponsors and insurers can trust.

We are a dynamic team of actuaries, project managers and data and systems specialists. By combining deep technical pensions knowledge with strong modelling and analytical skills, we create innovative solutions to complex data problems. Whether that’s building models to test benefits, reconciling historic records, or developing scheme-wide data strategies, our work underpins high-profile decisions with lasting impact.

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TYPICAL GRADUATE AND INTERN TASKS

The type of work you can expect to be involved with as a graduate or intern include:

Supporting data readiness for endgame strategies, including buy-ins, buy-outs and member option exercises
Working on large-scale benefit rectification projects such as GMP equalisation, GMP rectification and Barber window extensions
Collaborating with senior actuaries and consultants to deliver data cleansing and readiness exercises
Building and using models to analyse data and carry out calculations at scheme and member level
Drafting letters and reports for clients and their advisers
Performing data checks and analysis relating to pension risk transfer and post-transaction administration
Helping clients ensure their data is accurate, reliable and aligned with strategic needs

Eligibility Criteria

A Level - Maths A Grade
Degree - Any subject 2:1

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.

For more information, please visit our Graduate FAQs and Summer Intern FAQs.

PERSONAL DEVELOPMENT

We have an extensive departmental training programme, supplemented by LCP’s wider pensioners actuarial three-year 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.

Our learning platform, LCPLearn, offers hundreds of workshops and e-learning resources so you can take control of your own development.

As you grow in confidence, you’ll learn how to present advice and ideas clearly to clients. To support this, we run initiatives such as our Speaking Club and LCP Xtra, where you can practise your skills in-house before taking them into the client environment.

PROFESSIONAL QUALIFICATIONS

We sponsor Pensions Data Services graduates to study for the Institute and Faculty of Actuaries (IFoA) exams. These qualifications combine technical skills, communication ability and applied knowledge — equipping you to thrive in your career.

We support you at every stage with:

Full financial support for at least two attempts at each exam
A generous annual study leave allowance
A study mentor to guide you through your chosen route and answer your questions

Exams are challenging, but we celebrate success and provide a supportive environment where you’re encouraged to keep going until you achieve your goals.

FUTURE CAREER

Data underpins everything in pensions — and right now the DB pensions world is in a fascinating period of change. From evolving regulation to growing demand for risk transfer and the rise of AI-powered analytics, the landscape is shifting fast. That makes our work more important than ever — and gives you a career with variety, challenge and impact.

As your career progresses, you could find yourself:

Leading client projects and meetings, applying your technical expertise to strategic data challenges
Becoming a recognised specialist in a key area such as buy-in readiness or large-scale rectification
Advising senior decision-makers (trustees, CFOs, finance directors) and collaborating with lawyers, accountants and insurers
Managing and developing junior team members, helping to shape the department’s future

This is a career for curious problem-solvers, clear communicators and big-picture thinkers. If you’re ambitious and ready to grow, the opportunities here are limitless.