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Lane Clark & Peacock

Summer Student Review

at Lane Clark & Peacock

Internship (1 Month+)

Actuary

Winchester

Review Submitted: August 2024

Overall Rating

4.6 /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!

4/5 - Overview of Role
4.5/5 - Skills Development
4/5 - Support and Guidance
4.8/5 - 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.
Working with other members of the pensions actuarial department (of varying seniority: from first year analysts to senior partners) to complete actuarial work (both client and in-house work). This included a lot of work in Excel. Examples of things I did were: calculate CETVs, data work (formatting data to be used in LCP's proprietary software), filling in ITQ templates for insurers, draft documents/powerpoints to be shown to clients, client teams calls.
Were you given much responsibility during your placement / internship?
Yes. There were only 2 "fake/mock work" projects throughout the internship (which were helpful in their own way). The majority of the work I did was real client work, which began as early as the third day of my internship. In this sense you are thrown in at the deep end, but this makes swimming much more rewarding.
Please rate how meaningful the work you were doing was
4/5

Skills Development

Have you learnt any new skills, or developed your existing skills?
My knowledge of the business world has increased drastically, including my knowledge of corporate vs trustee issues within pensions (I was fortunate to work on both sides of this precarious see-saw). My Excel skills have also increased tenfold, as well as my ability to network/liase/interact with people in a corporate setting.
How would you rate the training provided during your experience?
4/5
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?
4/5
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 was 2 weeks of training which is helpful, and then you are assigned a buddy for the rest of your internship. Asides from this, everyone else at the company is very approachable provided you are sensible with to whom you direct your queries. I had weekly check-ins with my deputy team leader which were helpful.
How would you rate the support and guidance from your line manager?
4/5
How would you rate the support and guidance from the wider team?
4/5

Company Culture

What was the company culture and general atmosphere like?
Everyone at the company is very friendly and approachable and everyone seems to get on well. It is the kind of place where everyone knows everyone and you feel like you can stop and chat with everyone. There were a lot of social events (rounders, football, bar crawls) which were appreciated and helped us gel with the teams.
How would you rate the inclusiveness of the culture?
5/5
How would you rate the social opportunities?
4/5
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 really enjoyed my placement and found that I learned a lot, perhaps even more than I was expecting. I have also made some hopefully lifelong contacts. I would especially recommend this opportunity to anyone that can't necessarily afford to commute to or stay in London for the summer (albeit Winchester is expensive in its own right).
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
Have a good knowledge of what sets LCP apart from its competitors. Namely: a.) Their proprietary software (Calm and Visualise) b.) Their diverse and various areas of work that they are/are seeking to branch into as DB pensions are phased out in the middle-to-long term.
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