Disclaimer: Views in this blog do not promote, and are not directly connected to any L&G product or service. Views are from a range of L&G investment professionals, may be specific to an author’s particular investment region or desk, and do not necessarily reflect the views of L&G. For investment professionals only.

12 Feb 2026
1 min read

Podcast: Can CDC schemes resolve intergenerational unfairness?

Collective Defined Contribution (CDC) schemes are being described as the next evolution in pensions, yet innovation often comes with challenges.

L&G talks

John Southall, Head of Strategic Research within our Asset Allocation team, offers his perspective on some key issues, including:

  • Who stands to gain and who carries the risk
  • Key advantages and drawbacks of CDC
  • How to think about intergenerational unfairness
  • Unique challenges of retirement-only CDC

You can listen on Apple, Audioboom and Spotify.

This podcast was recorded on February 10, 2026 and is hosted by Sarka Halas, content manager. 

For professional investors only. Capital at risk. Views expressed are of L&G as at February 2026.

Legal & General Logo

L&G’s Asset Management business

More articles by L&G’s Asset Management

Recommended content for you

Learn more about our business

We are one of the world's largest asset managers, with capabilities across asset classes to meet our clients' objectives and a longstanding commitment to responsible investing.

Image of London skyscrapers

Sign up for blog email alerts

Receive the latest articles in a weekly digest by registering via the email preference centre