Pensions Management Consulting

Department Information

We are experts at helping clients manage their pension schemes. We do this through our strong problem-solving skills, helping our clients navigate through complexity. Pension schemes come in all shapes and sizes so the support that we provide can be anything from acting as an outsourced pensions manager, to developing a governance framework, managing projects, running a procurement exercise, or simply keeping clients informed of industry changes. We’re positioned at the heart of pension schemes and our expertise is vast. As a graduate or intern in our department you’ll be client-facing from day one, learning all about how pension schemes operate whilst developing key consultancy skills.

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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:

Attending regular client meetings and presenting updates
Connecting with different advisers to a pension scheme to ensure that actions are delivered
Drafting communications
Updating key documents (e.g. agendas, action logs and scheme calendars) for client meetings
Assisting with governance activities e.g. organising Trustee Board training and board effectiveness reviews
Handling member cases (e.g. pension transfers or complaint cases)
Drafting reports for Trustees and employers.
Communicating regulatory changes to raise awareness of pension matters
Preparing project plans and keeping key stakeholders updated and accountable

Eligibility Criteria

Degree - Any subject 2:1

We offer contextualised grading as part of the recruitment process via REALrating which may allow for a positive uplift in your academic grades. We will also take into account any extenuating circumstances declared when considering your eligibility.

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

Personal Development

We have a focused departmental training programme, run over the first few weeks, to get you up to speed on key technical and professional issues in relation to pension schemes and governance. Beyond that, we run a wider programme in your early years, designed to develop the softer skills required in the job. For example, the “LCP Xtra" programme offers you an early opportunity to practise presentation skills in-house before putting them to the test in front of clients.

We also offer regular department wide training sessions, covering areas such as market “hot topics”, new and evolving areas of the pensions and governance 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.

Professional qualifications

All of our Pensions Management Consulting graduates study for the Advanced Diploma in Retirement Provision through the Pensions Management Institute.

We will support you through every stage, including:

A study budget for each course to cover the costs involved
A generous study leave allowance each year
A study mentor to advise you on your route through the exams and discuss any queries that you may have

Future Career

In a world where people have more diverse retirement needs, ensuring that pension schemes are best serving their members is increasingly important. Pensions Management Consulting is an exciting and fast-growing department where you can hit the ground running and make a real contribution to both our work and real pension scheme members. Our department is made up of passionate people with a diverse range of career backgrounds, including actuaries, lawyers, administrators and pensions managers, offering a great learning environment for newcomers to the industry, and by working in our client-facing services you can develop your technical and non-technical consultancy skills. 