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)

LGPS Intelligence: The digital infrastructure opportunity
Forecasted growth for cloud computing, AI and data processing has created an increasing need to support digital infrastructure assets and, in our view, a substantial... 
DB chart update: S&P500 in 2025. Treble 20?
With US equities delivering returns of over 20% in each of 2023 and 2024, how could DB schemes still seeking growth position portfolios this year? 
Illiquidity innovation
What solutions are available to schemes for their illiquid asset exposure as they approach a buy-in or buyout transaction? 
Investing like an insurer? This seems familiar!
Changes in insurer allocations over 2024 may mean that asset strategies are now closer to a typical ‘low-risk’ pension scheme strategy. This has been driven... 
L&G explains: Demystifying the gilt market
The UK gilt market is huge, and the cornerstone of the UK financial system. But what form does that borrowing take, and why is it... 
Unlocking surplus in the endgame
What key trade-offs do schemes need to weigh up as they choose to run on and target benefit uplifts for members? 
No more natural guard rails?
Lessons from the new DB funding code. 
Playing the ‘weighting’ game
Amid low spreads, some investors have been hesitant to allocate more to credit. But is waiting the right strategy? 
Webinar: DB outlook 2025
We're delighted to share a recent client webinar on the outlook for DB schemes in 2025, held in partnership with Professional Pensions. 
Solutions outlook 2025: Time to think strategically
Buyout, run-on or both? We believe DB pension funds have much to be optimistic about as they choose their endgame destination. As long-term investors, schemes... Recommended content for you
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