LCP has announced that former pensions minister Sir Steve Webb is to join the firm as a partner. He joins from Royal London where he has been policy director since 2015.
At LCP he will be working closely on the firm’s client service offering to help adapt it for the future in the context of an ever-evolving regulatory environment. He will also be helping LCP spearhead campaigns to help the wider pensions industry stay apace with change and member needs.
The appointment comes as the firm positions itself for future growth. LCP achieved record income this year of £114.9 million, an 8.5 per cent increase on the previous financial year.
Sir Steve Webb says: “I have known and worked with several people from LCP over the years and I know that the firm places great emphasis on client care and creating a working environment that enables talent to flourish.
“Their people-centred ethos means that the needs of pension scheme members is always uppermost in the work they do. After four happy and productive years at Royal London working with some great people, I can’t think of a better place for my next move especially as LCP is experiencing an exciting period of growth.”
LCP CEO Aaron Punwani says: “Steve Webb was not only the UK’s longest serving pensions minister, but also the most highly regarded pensions politician the UK has known in recent times. He continues to be widely respected throughout our industry and across the political party spectrum. Steve’s insight will help LCP to shape the future of the pensions industry and to adapt our services to meet the future needs of our clients.”