LCP has been appointed as scheme actuary to BAE Systems\u2019 four UK defined benefit (DB) pension schemes.<\/p>\n
The trustees of the schemes recently undertook a review of their actuarial service provider arrangements.<\/p>\n
Following the review, the trustees selected LCP to take on the roles, with the first three effective from 1 April 2026.<\/p>\n
LCP CEO, Aaron Punwani, was named as scheme actuary to the BAE Systems Pension Scheme, while LCP partner and head of pensions consolidation, Laura Amin, has been appointed as scheme actuary to the BAE Systems Executive Pension Scheme and LCP partner and head of London actuarial staffing, Edward Symes, was named as scheme actuary to the Royal Ordnance Senior Staff Pension Scheme.<\/p>\n
Meanwhile, LCP partner, Jeremy Dell, was appointed as scheme actuary to the Royal Ordnance Pension Scheme, with Dell\u2019s appointment coming into effect from 1 July 2026.<\/p>\n
\u201cWe are delighted to have been appointed to support BAE Systems\u2019 pension schemes,\u201d commented Punwani. <\/p>\n
\u201cThese are long-standing, high-profile schemes with a clear focus on strong governance and robust outcomes for members. <\/p>\n
\u201cWe look forward to working with the trustee boards, the BAE Systems in-house team and our co-advisers to help navigate the evolving pensions landscape and deliver the highest-quality actuarial insight and advice.\u201d<\/p>\n
BAE Systems reward director, pensions, Katie Lambert, added: \u201cThe trustees across our four DB schemes worked together on this governance-led review of actuarial services. <\/p>\n
\u201cLCP impressed from the start and since their appointment have seamlessly integrated into the advisory team. We look forward to working with the appointed scheme actuaries and the LCP teams.\u201d<\/p>\n
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