Run on

Running on into retirement?
DC factory insights.jpg
Category: DC, Private Markets

A private markets fund designed specifically for DC schemes
infrastructure
Category: DC

Infrastructure for good? It's time to get real with your pension

Inspiring DC savers to take more interest in their pensions is crucial.

Solutions bridge
Category: DB

Solutions outlook 2024: What lies ahead for DB schemes?

In this outlook we set out key themes for the year ahead, including renewed focus on credit allocations, hedging, falling longevity and equity derivative strategy.
Waterfall
Category: DB

Core DB strategy: Revisiting assets that pay pensions

All defined benefit (DB) schemes still need to pay pensions as they fall due. What’s the right balance between cashflow-driven and ‘barbell’ investment approaches? And how should schemes’ strategies differ given low-dependency or buyout objectives?
Water droplets on a green leaf
Category: DB

Constructing buyout-ready portfolios for the endgame
Wave Crashing
Category: Outlook

Active Strategies Outlook UK

Q4 2021 - An introduction to Active Strategies
Liquidity-and-returns-picture_730x410px.jpg
Category: DB

Seeking diverse sources of liquidity and return
Solutions-outlook-2023
Category: DB

Solutions outlook 2023 - What follows an unprecedented year?

In this outlook we reflect on a challenging period for investors and ponder what lies in store for pension schemes in 2023.
Cactus plants
Category: DB

Four ways to make DB strategies even more resilient

We discuss how schemes can navigate a thorny investment landscape – and prepare themselves for buyout.
Aerial view of a mountain lake

Managing LDI portfolio hedges amid volatile markets – an overview

Rising interest rates have lowered future liabilities while decreasing LDI portfolio collateral levels. Here’s how schemes can seek to balance this scenario.
Penguins near an iceberg
Category: DB

Endgame portfolios: making the most of CDI
Stepping stones on a lake
Category: Outlook

Solutions Outlook 2022

In our 2022 Solutions Outlook, members of the team share their insights on what we believe to be some of the key themes for the year ahead. From CDI and credit markets to inflation, green gilts and equity protection strategies, we discuss some of the most important topics for DB pension schemes this year.
two people dancing in the street
Category: DC

Our four-step guide to new pension consolidation rules

We’ve put together a four-step checklist with useful tips and guidelines around the new reporting requirements and obligations around pension consolidation.

Woman farmer working in a rice field in Myanmar
Category: DB

Diversified credit: shortening the time to endgame?

We believe diversified credit (or multistrategy credit) can be much more than just a growth asset class. It could help pension schemes to meet their endgame sooner whilst also providing cashflows.
The biggest short
Category: DB

Widening the field for yield
Category: DB DC

Alpha management: Deploying your active risk budget effectively

As the French philosopher Voltaire said, “Uncertainty is an uncomfortable position. But certainty is an absurd one.”

Green gilts
Category: DB

Green gilts

An update on our recent engagement activities and some key considerations for our clients.
Laptop keyboard
Category: DC

How social media tools can empower and engage pension savers

Giving scheme members a voice on the ESG issues that matter to them can keep them focused on their pensions
Category: DC

Walk this way

Pension savers’ views on the FCA’s Investment Pathways
Happy man gardening
Category: DC

Solving decumulation dilemmas

Five years on from Freedom and Choice, the New Romantic generation is dancing towards a decidedly unromantic retirement.
piggy bank
Category: DC

Pension income: Why drawing down is going up
rsz_car-on-windy-road
Category: DB

Secure income assets: new opportunities for a new decade

DB (defined benefit) pension schemes are progressing along their journey to end-game, with many becoming increasingly cashflow negative and struggling to balance competing requirements for returns and cashflow.
Category: DC

Improving retirees’ withdrawal symptoms

Are savers taking their pension’s pulse regularly enough? We examine a health check that we believe can help investors spend sustainably.
Category: DB

Are secure income assets being overlooked?

As activity in public credit markets has oscillated across our screens, private credit markets have been largely overlooked.
White Pillars
Category: DB

The Consolidator Conundrum
lgim - shared - image library - image feature - IMG - SIMPLE - four pots for your retirement
Category: DC

Could longevity risk affect your DC investment strategy?

Since the Freedom and Choice pension reforms, we’ve moved from a world where most UK retirees bought an annuity, to one where many individuals choose income drawdown. In doing so, they not only bear the risk of changes in the value of their pension but also the uncertainty around how long they will live. This uncertainty over future lifespans is known as ‘longevity risk’.
divers.jpg
Category: DB

Actively diversified: Harnessing multiple return sources

Harnessing multiple return sources

Buy-in2.jpg
Category: DB

Should DB Schemes buy into the case for buy-ins?

Buy-ins can be a useful tool in schemes’ armoury as they de-risk into their endgames, but only under certain conditions.

markus-spiske-4T5MTKMrjZg-unsplash.jpg
Category: DC

The power of data science

Ros Altmann, former UK pensions minister, has spoken of the need to “make pensions digital”. The Department of Work and Pensions’ Pensions Dashboard aims to do just that, by collecting and curating information about members’ multiple defined benefit (DB) and defined contribution (DC) pension pots in a single, digital location.

Hot-air-balloon-from-below.jpg
Category: DB

Any TIPS to manage inflation?

We look at whether TIPS (Treasury Inflation Protected Securities) deserve a greater role within UK defined benefit (DB) schemes’ portfolios.

Category: DB + DC

Board effectiveness: Lessons from companies to trustees
esg.jpg
Category: DB + DC

Material change: a five-step ESG checklist for trustees

How can pension trustees prepare for new requirements on the financial materiality of environmental, social and governance (ESG) factors?

GettyImages-92196471_whack_a_mole-min.jpg
Category: DB

Managing risk in turbulent times

Four practical steps DB pension schemes can take to help them navigate volatile markets.

wedge.jpg
Category: DB

CPI liabilities: the wedge and the hedge

Running RPI-linked assets versus CPI-linked liabilities can pose material risks. But as pension schemes become better hedged – and market pricing becomes more appealing – they may seek to explore CPI-linked assets in greater detail.

transfers-out.jpg
Category: DB

Cashflow Awareness; Transfers out
puzzle.jpg
Category: DB

Emerging market debt – missing piece of the cashflow matching puzzle

Cashflow matching strategies are customised investment solutions, designed to enable clients such as pension schemes or insurance companies to meet their liabilities. We believe that emerging market fixed income has an important role to play in designing cashflow matching strategies.

Vault.jpg
Category: DB

Zombie pension schemes: a viable alternative?

Will it become more common for DB schemes to run off without sponsor support?
lpi-linked-cashflows.jpg
Category: DB

LPI-linked cashflows - how should trustees manage these cashflows?

DB pension schemes typically pay inflation-linked benefits with caps and floors, called limited price indexation (LPI) linked benefits. How should trustees manage these cashflows?

lgim - shared - image library - image feature - IMG - SIMPLE - factor-based challenges
Category: DB

Factor-based challenges

There are so many elements to consider when building factor-based solutions it can be overwhelming. We’ve highlighted two case studies of investors tackling these challenges.

broadening-the-universe.jpg
Category: DB

Broadening the universe: The strategic case for alternative credit

The falls over the past two years in high yield and emerging market debt (‘alternative credit’) credit spreads,1 along with indications of late-cycle behaviour in the US, has led some investors to be nervous about allocating to these areas. But should pension schemes reconsider?

Category: DB + DC

Equities-for-the-long-run
DC-tech-client-solutions-oct18.JPG
Category: DC Solutions

Making a statement

Most employees take no pensions guidance, which can cause problems after retirement

tick-post-it.jpg
Category: DC Solutions

DC Governance: a checklist

Is your scheme following best practice?
Assessing_the_key_challenges.jpg
Category: DC

Assessing the key challenges in DC

October marked a significant milestone in DC: five years since the beginning of auto-enrolment.

Scales.jpg
Category: Fixed Income

Emerging-market-debt-ratios-opportunities-and-risks
Cash.jpg
Category: DB

Raising cashflow awareness

Effective cashflow management for DB pension schemes.

Clock.jpg
Category: DB

Longevity risk and its implications for endgame portfolios.

This paper examines how uncertainty regarding future mortality rates and life expectancy, i.e. longevity risk, affects defined benefit pension schemes.

Collateral-damage-Building-a-safety-net.jpg
Category: DB

Collateral damage - Building a safety net

By incorporating leverage, liability driven investment (LDI) strategies have assisted pension schemes in managing the competing capital requirements of hedging liability risk and generating returns to reduce deficits.
Finding-hidden-value.jpg
Category: DB

Finding hidden value in your investment governance

The Pensions Regulator is clear in its guidance – all trustee efforts should be focused on achieving one outcome: paying pensions to members of the scheme as they fall due.
No-image.jpg
Category: DB

Covenant risk - modelling, managing and mitigating a key risk

Moving schemes towards better glidepaths.

Scales.jpg
Category: DB + DC

What is the appropriate level of currency hedging?

Hot-air-balloons.jpg
Category: DC

Can better financial wellbeing lead to higher savings?

The DC pensions industry has moved forward since auto-enrolment was introduced, with many more saving into a pension. This is great news, but challenges remain. How do we help individuals see the value in saving more for a future that seems a long way off?

Altri contenuti da LGIM

lgim blog logo. 2 people viewing at a model of a wind farm

Blog LGIM

Esploriamo il futuro del mondo degli investimenti con le analisi del giorno.

Scopri di più
LGIM Talks logo

LGIM Talks: un podcast sulla gestione patrimoniale

Condividiamo i dibattiti sull’economia globale e sulla gestione dei portafogli nel nostro podcast finanziario settimanale.

Scopri di più
People listening at a meeting

Eventi

Una panoramica dell’ampia gamma di eventi ospitati.

Scopri di più

Rischi principali

Il valore di un investimento e di qualunque rendimento da questo generato non è garantito e può diminuire o aumentare e gli investitori potrebbero non riuscire a recuperare l’importo inizialmente versato. Prima di prendere qualunque decisione di investimento è richiesto di leggere e comprendere i rischi associati a ciascun fondo o strategia di investimento. Maggiori informazioni sui rischi di investimento sono disponibili sui Fund’ Centres di LGIM.