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Lane Clark & Peacock

Actuarial intern Review

at Lane Clark & Peacock

Internship (1 Month+)

Actuary

Winchester

Review Submitted: August 2023

Overall Rating

5 /5

The Overall Rating is the average of all the ratings given in each category. We take those individual ratings and combine them into one final score!

5/5 - Overview of Role
5/5 - Skills Development
5/5 - Support and Guidance
5/5 - Company Culture
5/5 - Overall Experience
5/5 - Future Career Prospects

Overview of Role

Please give an overview of your role and what this involves on a day-to-day basis.
The first two weeks revolves around training and learning about the company, job role, and being taught the necessary work-specific skills. In this time we also write a presentation on a work-related topic of our choice, which we present in week three. We then move onto client work, which involves lots of data manipulation within Excel and using LCP's graphing tool Visualise. Work is delegated mostly by recent graduates but also sometimes partners too.
Were you given much responsibility during your placement / internship?
I was encouraged to get as involved in client work as possible, so was responsible for lots of initial calculations and data inputting, but this was always checked by multiple people so, whilst I had the responsibility of doing actual client work, I always had the reassurance of knowing it would be checked by others after. I was also given the opportunity to work with a different department and lead research into an area I was particularly interested in. Through this I had the opportunity to lead meetings and feed back to the rest of the team on the project.
Please rate how meaningful the work you were doing was
5/5

Skills Development

Have you learnt any new skills, or developed your existing skills?
I've learnt skills in Excel (I had no prior experience before starting the internship) and also learnt lots of pensions-specific calculations/methods. I am also now much more familiar with OneNote and Teams than before, and have improved my communication skills, liaising with all different members of the department on a daily basis.
How would you rate the training provided during your experience?
5/5
How would you rate your development of industry-specific skills during the experience?
5/5
How would you rate your development of personal / soft skills during the experience?
5/5
Please rate how these skills have helped you in your career development
5/5

Support and Guidance

How much support and guidance did you receive during your placement / internship?
There is a team system where every intern is allocated to a team within the department. Within this I had a buddy, who was a recent graduate, and a team leader. These were both points of contact both for help with work, and also if I had any questions or needed any other support. Any work I was given was delegated clearly and I was always encouraged to ask questions if I didn't understand. I was also encouraged to learn by example, always being sent an example of work that has already been done so I can understand what is expected of the task.
How would you rate the support and guidance from your line manager?
5/5
How would you rate the support and guidance from the wider team?
5/5

Company Culture

What was the company culture and general atmosphere like?
Everyone is incredibly welcoming and friendly, and always happy to help if I'm confused about something, even if they're not who has set me the work. There is an amazing social scene too, with regular team and company-wide socials, from weekly sports training/matches to lunch socials and after-work activities. Everyone always gets really involved in these and as interns we were encouraged to get as stuck-in as possible too.
How would you rate the inclusiveness of the culture?
5/5
How would you rate the social opportunities?
5/5
How would you rate the diversity initiatives?
5/5
How would you rate the charity, sustainability and corporate social responsibility (CSR) initiatives?
5/5

Overall Experience

To what extent did you enjoy your placement / internship?
I had the best time working at LCP over the summer. It gave me great insight into what working as a pensions actuary is like, and really helped me develop the necessary skills for the job, as well as getting fully involved in client work too. Everyone was so friendly and welcoming, and I loved getting stuck in to the socials and sports too - it was a really great opportunity to get to know others at the company better outside of the formal work setting.
Please rate your level of enjoyment on your placement / internship
5/5
Please rate how your experience met your expectations
5/5

Future Career Prospects

Please rate the future employment prospects at Lane Clark & Peacock
5/5

Recommendations & Advice

Would you recommend Lane Clark & Peacock to a friend?
Yes
What advice would you give to others applying to Lane Clark & Peacock
Apply!! And just be yourself - if you're enthusiastic and genuinely interested, everything else will come. There's no assumed knowledge about pensions or software e.g. excel - it's all taught at the start of the internship - it's all about showing your potential and enthusiasm for the role :)
In This Review
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