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Draft:Lane Clark and Peacock

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  • Comment: Almost all of the sources appear to be primary sources which are quoting people from the group in relation to documents they have published. Notability is not shown. -- NotCharizard 🗨 11:09, 7 August 2024 (UTC)

Lane Clark & Peacock LLP (LCP) is a professional services consultancy based in the United Kingdom..[1] The firm, which operates independently, was founded in 1947 as a sole practice and adopted its current name in 1962. As of 2024, LCP employs approximately 1,200 staff, including 174 partners.

LCP provides a range of services including pensions actuarial[2] and investment consulting, insurance consulting, energy consulting.[3], and health[4] and sports analytics.[5][6] The firm's client base includes over 800 organisations, among which are 43 companies listed on the FTSE100 services.

LCP operates from offices in London, Winchester, Edinburgh, Cambridge, and Paris. LCP Ireland, a wholly owned subsidiary, is located in Dublin.

Structure

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LCP is structured as a Limited Liability Partnership (LLP). The partners own the majority of the business, with a minority non-controlling stake held by private equity firm Charterhouse.[7] An Executive Committee (ExCo), chosen by the partners, oversees daily operations and reports to the firm's Board.

History

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1996: LCP expanded by acquiring Ernst & Young’s pensions practice.

2004: The firm launched LCP Trustee Consulting and LCP Corporate Consulting.

2006: Introduced covenant advisory services.

2007: Facilitated Hunting plc’s first pensioner buy-in.[8]

2010: Established LCP Energy[9], focusing on energy consulting.

2017: Consolidated its Defined Contribution (DC) consulting, communications, and investment services into a single practice.

2019: Launched the AI tool, LCP Enact.[10] As part of a leadership restructure, partners Aaron Punwani[11], Thomas Porter and Carla Lakey were made CEO, Strategic Director and Head of People, respectively.[12]

2020: Created LCP Health Analytics[13], led by Dr Jonathan Pearson-Stuttard[14], and welcomed former pensions minister Sir Steve Webb as a partner[15]. LCP’s partners increased their ownership of the firm with the support of Charterhouse capital[16]

2022: Acquired Delta EE, an energy transition consultancy, forming LCP Delta.[17] LCP Delta supports companies working and investing in the energy transition.

2024: Reported a record income of £210 million, marking an 11% growth from the previous year.[18][19]

References

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  1. ^ "Lane Clark & Peacock LLP - Company overview". Bloomberg.
  2. ^ https://www.thetimes.com/business-money/economics/article/insurers-ready-for-100bn-sell-off-of-uk-government-bonds-p9mxkhl89
  3. ^ https://www.ft.com/content/7939ffca-b585-4e37-a5b1-e713f9300836
  4. ^ https://www.bbc.co.uk/news/health-66820579
  5. ^ Bosher, Luke. "English football finances in 'precarious position' - report". The New York Times.
  6. ^ "English clubs lost almost £1bn in one season, report reveals".
  7. ^ "Charterhouse Capital Partners announces investment in Lane Clark & Peacock | Charterhouse".
  8. ^ "Buy-in market celebrates 10th anniversary". 26 January 2017.
  9. ^ https://www.theguardian.com/business/2021/sep/13/britain-last-coal-power-stations-to-be-paid-huge-sums-to-keep-lights-on-record-energy-prices
  10. ^ https://www.current-news.co.uk/current%c2%b1-price-watch-stable-energy-prices-reflect-steady-price-cap-prediction/
  11. ^ https://www.bloomberg.com/profile/person/21072137
  12. ^ "Exclusive: LCP appoints first CEO in management structure shake-up". 28 May 2019.
  13. ^ "Big rise in long-term sick hitting UK workforce". BBC News. 20 February 2023.
  14. ^ https://profiles.imperial.ac.uk/j.pearson-stuttard/about
  15. ^ "Steve Webb leaves Royal London".
  16. ^ https://www.penews.com/articles/charterhouse-backs-uk-pension-consultancy-lcp-in-300m-deal-2020120
  17. ^ https://www.scotsman.com/business/edinburgh-based-energy-consultancy-delta-ee-snapped-up-3675807
  18. ^ "LCP posts double-digit rise in revenues". 11 July 2024.
  19. ^ "LCP annual reports".