Internship Programmes Summer 2022

As a summer intern you will get involved in the same work as our graduate trainees. So you'll be involved in a whole variety of projects and be given real responsibility from day one.

What will I do day to day?

Joining any one of our key business areas you'll work on a range of clients from FTSE 100 and global companies to smaller private firms.  Your tasks will include calculations by hand, writing spreadsheets and drafting letters and reports for our clients.

You'll work alongside a number of colleagues, from recently recruited graduates to experienced partners of the firm - giving you a chance to find out about their experiences of the work we do and LCP.

What's more, we are keen to present you with opportunities to meet clients. So we'll do our best to take you along to client meetings during your internship. Then you'll see first hand what being a consultant is really about.

What areas can I work in?

Pensions Actuarial

Advising trustees and employers on their pension arrangements - valuing accumulated pension commitments and helping them define and execute a pensions strategy tailored to their unique circumstances. We are also market leaders in the pension scheme de-risking space, working closely with our Investment Consulting colleagues.

Investment Consulting 

Advising pension scheme trustees and employers on the best strategy for their pension scheme investments. We also advise charities and insurance companies on their investments. We search the market for the best investment managers to implement the chosen strategy, and monitor experience against our clients’ aims.  Given the ever-changing economic environment, it is important that we stay up-to-date with the financial markets and how these could impact our clients.

DC and Financial Wellbeing

Advising trustees and employers on all aspects of their DC pension schemes, from investment strategy modelling and selecting the right investment managers to contribution rates and communication strategies, all to ensure the best possible outcomes for members. We also help companies design employee financial wellbeing strategies using data analytics that help employees with their short and medium term aspirations as well as long term savings, like pensions.

Insurance (London office only)

Giving advice to general insurance companies on reserving and financial risk management, building models to calculate capital requirements and helping insurance companies meet the Solvency II regulatory requirements.

Business Analytics and Financial Modelling (London office only)

Specialises in developing models to help clients understand and develop solutions to complex problems in a range of business scenarios.

Pensions Management Consulting (London office only)

Specialises in governance consulting, project management and trustee executive services. As trustee executives and pensions managers we help trustees and companies to manage their pension schemes and meet their governance responsibilities. We also provide advice and project management expertise in a number of areas, such as pensions strategy and journey planning, risk management, board effectiveness, scheme closures and benefit change exercises.

Training

At LCP we invest a lot of time in the training and development of our new graduates to help them progress well in their careers. We offer the same structured training and support to our summer interns.

We'll provide you with all the training you'll need for your day-to-day work. You'll also receive plenty of on-the-job training as you undertake various tasks, which we will ensure are structured to offer you the widest possible experience in all aspects of what we do. 

You will be assigned a "buddy" to support you throughout your internship. They will typically be a first-year on our graduate programme, offering you a great chance to ask questions and hear their experiences with LCP - settling in, the industry, the work, the exams and of course, the social side!

Who are we looking for?

We welcome applications from candidates from all backgrounds and experiences. We have identified the key attributes needed in successful candidates:

• Enthusiasm to learn
• Strong communication skills
• Able to successfully collaborate with colleagues
• Highly numerate

Our summer internship programme is aimed at students in their penultimate year of university.

Academic Entry Requirements

Actuarial​

• Maths A grade
• 2:1 any subject

​Investment​

• Numerical subject A grade
• 2:1 any subject

Business Analytics

• Maths A grade
• ​2:1 Numerical subject

Insurance​

• Maths A grade 
• ​2:1 any subject

DC​

• Numerical subject A grade
• ​2:1 any subject

PMC

• A-levels to a high standard
• 2:1 any subject​

Whilst we have A-level grade requirements as set out above, we think it is very important to consider academic results in the context in which they were achieved – so as to give everyone a fair chance. This is why we have introduced a contextualised grading platform. Contextualised grading considers factors such as school and college performance, as well as personal circumstances, giving us a better indication of your potential.

Once you have applied to LCP, we will send you an email with a link to the REALrating platform, to complete if you feel it is appropriate to you.

How to apply

Applications are now open for our Summer Internship opportunities. To apply, please click Apply Now button. If you have any questions about the recruitment process, please email summerinterns@lcp.uk.com

Timescales and selection process

• 13 September 2021: Applications open for our 2022 summer internship
• December 2021 - April 2022: Assessment Centres take place
• 10 January 2022: Closing date for applications

Competition for places on our programme is high and we recruit on a rolling basis, therefore we encourage early applications to avoid disappointment. Our Assessment Centres usually involve: 

• A group exercise
• Two interviews 
• Networking with our recent graduates to find out more about their role and LCP
• Opportunities to meet a range of people at LCP

We will be in touch shortly after the assessment centre to let you know your outcome and offer feedback.