09-05-2017
Lane Clark & Peacock (LCP) will acquire Aon’s pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany.
LCP has signed a definitive agreement with Aon in a deal that is contingent on the completion of Aon’s impending combination with Willis Towers Watson combination.
The business in Germany will be rebranded as LCP upon completion.
The German pensions consulting market is the third largest in the world, after the US and the UK. Aon’s retirement and investment business in Germany employs 350 people across five offices.
LCP posted a record income of £126.5 million during the financial year 2019/20, an increase of 10.1 percent, with growth seen across sectors including pensions, investments, insurance, energy and health.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Pensions minister sets out timetable for Pension Schemes Act regulations
Opperman: We are now progressing secondary legislation to ensure the UK’s pension system is safer, better and greener
Pensions minister Guy Opperman has set out a timetable for secondary legislation to bring Pension Schemes Act provisions into force.
In a written ministerial statement released yesterday evening (2 March), Opperman said that, now the Pension Schemes Act 2021 has received Royal Assent, the government was progressing the secondary legislation to ensure the UK s pension system is safer, better and greener .
He said the sequencing of the subsequent legislation will allow for proper consultation, engagement with key stakeholders and further parliamentary debate, through affirmative procedure where required.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
Find whitepapers