I spent one fantastic month working as a intern in the Pensions Actuarial department. Whilst the internship took place online, there were still many opportunities to speak with other interns and members of staff. Each week consisted of one project, following training earlier in the week. Towards the end of each week there was also the opportunity to do client work to gain a better understanding of what a graduate role involves.
We got given projects each week that showed some of the task we would undertake as a graduate at LCP. Each project was very different and showed the wide range of tasks that you would do working at LCP. We were also given client work to do which further showed what kind of work they carry out. They also organised many networking events which allowed us to meet many other employees we wouldn't have met otherwise.
Role involved working on a range of different client projects assisting with individual member cases and looking at whole scheme valuations. Also involved working on a weekly project ranging from calculations to presentations. Daily coffee calls to meet other members of the firm and team to find out more about the different roles within the company. We are also involved in training sessions from current graduates to learn the basics needed to complete client work.
Each week starts with some training before we are given a project where we are given the opportunity to apply what we've learnt. These projects are constructed to develop your understanding of a topic, so when you're done you feel you've learnt a lot since to complete the project you would've had to do significant research. The end of each week involves helping graduates on client work which varies in nature.
I was assigned to a manager research team where I attended a meeting with an asset manager to discuss the performance of their fund. I was also assigned to a client team where I helped draft a performance report and a monthly valuation. Finally, I had to complete many different projects throughout my internship.
The role consists of interesting responsibilities including advising clients for best investment strategies and assisting the client to choose the best investment manager. A typical week starts by organising the tasks that need to be completed during the upcoming week. Work includes preparing performance monitoring reports, asset transfers, and drafting presentations for a strategy review and strategy suggestions. The work load is balanced and additions and reductions are made considering to ensure a balance.
I really enjoyed the virtual internship at LCP. I felt that it was very well planned and interns were well integrated into their respective teams, despite the remote circumstances. We were kept busy with numerous projects which were really engaging and required us to present our findings. I definitely learnt a lot in a short space of time. It was also really nice to be included in social calls at the end of the week which were good fun and provided a more informal way to get to know team members.
Coming from an engineering degree initially there was a steep learning curve to get up to speed on terminology used around the workplace, however having previously completed a year in industry in the engineering field I was able to transfer some professional skills across, so whilst much of the work was unfamiliar I still felt I was in a comfortable environment and was able to enjoy the work I got involved with.
I really enjoyed my time at LCP. Getting experience in an actual working environment was really important to me and I felt like I got that. I liked the atmosphere within the office and the social aspect of being part of the team. I enjoyed the vast majority of work I did (even the SIP updates weren't too bad) however by the end I would have liked to experience a greater variety of work as I just seemed to be doing perf mons all the time.
I thoroughly enjoyed my internship. Everyone was friendly, welcoming and happy to answer any questions I had, making my time at the company even more enjoyable. I was given a variety of work which gave me the opportunity to learn more about what working at the company would be like.
I thoroughly enjoyed my internship at LCP. The bright, vibrant and friendly culture meant that I was excited to come in every day and see what new tasks I would be doing. LCP has a great social culture and as an intern, I felt very welcome. LCP had a summer party where you could meet people from across the firm and it was great fun!