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.
Defined Benefit (DB)

What should investors make of century bonds?
Assessing ultra long maturity in a year of expected continued hyperscaler issuance. 
Webinar: Endgame Insights: Putting theory into practice
We showcase our latest DB pensions research, conducted in collaboration with the Pension Management Institute (PMI). The webinar features the latest combined thinking from our... 
Podcast: Endgame Insights: Putting theory into practice
In late 2024, we published our inaugural Endgame Insights report for DB schemes. With a new version around the corner, here’s a sneak preview of... 
Responsible innovation
What evolutions in the responsible investment arena should DB trustees have in mind in 2026? 
Rising to the challenge
We have now seen the first schemes enter their valuation cycles under the new DB funding code. There is now no option but to have... 
DB surplus and DC: what’s possible, what’s practical, what’s next?
With approximately three in four defined benefit (DB) schemes in surplus on a low-dependency basis – and more than half of schemes in surplus on... 
Seeking value in bulk annuity transactions
With record numbers of well-funded pension schemes seeking to insure, the question isn’t just about affordability and readiness, but how to maximise overall value safely? 
New research: A Blueprint for Growth
Over 189 years, L&G has seen first-hand that long-term capital directed into productive assets can help to drive sustainable growth, innovation and economic resilience. 
Investing for run-on
Surplus generation and extraction or benefit enhancement provide an additional layer of complexity, but is this really a new concept? 
DB schemes: A time for opportunity
The publication of the highly anticipated Pension Schemes Bill in 2025 has been a welcome moment across the pensions industry. 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.









