
Insights
We publish a range of research articles and publications covering key themes in financial markets and topical investment commentary
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Tailor Your Risk by Buttoning-up with an Equity Collar
Navigating the uncertain times ahead can be aided by the usage of equity collar strategies that narrow the range of possible outcomes

Climate Impact Pledge
LGIM’s 7th Climate Impact Pledge report outlines the actions taken in 2022 to drive positive change on behalf of our clients on decarbonization and the related issues of biodiversity and nature loss.

Pension Solutions Monitor
A monthly update highlighting key market indicators that are most relevant for pension plans.
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The Catch-22 Economy
Q3 2023
Throughout this year, all eyes have been on the macro environment, but it has been the ability of companies to successfully manage disinflation that appears to be responsible for the economy’s resilience.

A Lesson in Liabilities
Q2 2023
Policymakers appear to have succeeded in putting an end to deposit runs and bank failures in recent weeks by acting swiftly to provide liquidity. However, the risk remains that the bank crisis will smolder for months without any spectacular failures, yet gradually create grave implications for the economy and risk assets.

Brighter Days Ahead?
Q1 2023
There is growing optimism that investors will fare better in 2023 than they did in 2022. The caveat is that better does not necessarily mean this year will be an especially good one for markets or that it will be easier to navigate.

The Cost of Credibility
Q4 2022
Volatility and risk premiums are likely to remain elevated until the Fed stops hiking, which means the fourth quarter could be the most challenging of the year.

A Double-edged Sword
Q3 2022
According to numerous surveys, most investors now anticipate a US recession before the end of 2023. But it is not just the professional investment community that is concerned; a recession is now a topic of conversation at the dinner table.

Closed for Renovations – The Retirement Supermarket
August 2023
The emerging battleground for retiree asset placement reinforces the necessity for advisors and solutions to remain flexible as the retirement world and wealth market increasingly converge. It is crucial for a solution to be flexible enough to be implemented in both ecosystems in order to ensure successful utilization.

Women at the Executive Level
April 2023
LGIM has been pushing for better gender diversity across all organizational levels in our investee companies for over a decade. This issue remains a priority for us, and we are gradually escalating our voting decisions in line with market expectations.

SVB's Downfall and the Outlook for the Fixed Income Market
March 2023
The recent turmoil in the banking sector serves as reminder that the roots of a crisis can often be traced back to losing sight of the basics. Over the past week, time tested principles have emerged from the shadows and returned to the spotlight.

2023: The Year of the Pension Hedging Revolution
February 2023
To protect the hard-earned funded status gains of 2022, plan sponsors should explore the various hedging structures, including capitalizing on short-term tactical opportunities and establishing long-term strategies to shape the plan's funded status outcomes.

Could 50 be the new 20
September 2022
It's time for the Treasury to acknowledge that the reissuance of the 20-year Treasury might have been a failed experiment and should reconsider introducing a 50-year Treasury.

We Received Special Financial Assistance Funds. Now What?
August 2022
We discuss the opportunity to help ensure benefit security and financial viability for multi-employer plan participants and sponsors, as well as a practical approach for plans seeking relief.

LGIM America and EDF: A new kind of climate partnership
August 2022
Neaaz Mozumder and Andrew Howell of EDF talk about how to get business leaders to advocate for key policies and how to meet the growing demand for ESG-aligned investment options.
We have more blogs to share. Visit our blog site to explore our latest views on markets, investment strategy and long-term themes.

Liability Disinterested Investing
Portfolio Solutions - LDI
In this paper, we outline our rationale and various implementations that we believe can help institutional investors meet the demands of their sponsoring organizations while potentially minimizing any trade-offs against long-term expectations for market risks and rewards.

An Introduction to US Credit Private Placements
Real Assets
Relative to public investment grade corporate bonds, LGIM America feels the attractive premium of investment grade private placements, paired with a potential decrease in tail risk and the diversification, could have positive benefits for institutional investors.

Tailor Your Risk by Buttoning-up with an Equity Collar
Portfolio Solutions - Multi-asset
Navigating the uncertain times ahead can be aided by the usage of equity collar strategies that narrow the range of possible outcomes.

Setting the Interest Rate Hedge for Pensions
Portfolio Solutions - LDI
In this whitepaper, we present the strategic perspective of our philosophy when setting the hedge level of a DB pension plan.

Buy and Maintain Credit Strategies
Portfolio Solutions - LDI
Buy and maintain credit strategies are already providing companies around the world with more efficient and secure LDI solutions. LGIM America has a well-established track record in managing client funds in buy and maintain credit strategies.

Cash Balance Plans
Portfolio Solutions - LDI
Because cash balance plans with yield-based crediting rates operate differently than traditional plans, it is vitally important for investment strategy, contribution strategy and actuarial assumption setting to operate in a coordinated fashion to meet plan sponsor goals.

Rethinking Overlay Manager Diversification
Portfolio Solutions - LDI
At LGIM America, we believe overlay manager diversification is likely inefficient and creates uncompensated risks. Using multiple overlay managers can result in increased costs, collateral inefficiency and higher governance burdens.

Dividing Retirement Into Distinct Segments Can Ease the Planning Process
Retirement Solutions
We believe dividing retirement into manageable phases allows the implementation of retirement income solutions that more effectively meet the evolving needs of today’s retirees.

Climbing a Ladder to Successful Outcomes
Retirement Solutions
Are bond ladders under-utilized in the defined contribution space? We think so. Our latest thought paper co-authored by Jimmy Veneruso, Senior Defined Contribution Specialist, and Arin Bratt, Multi-Asset Senior Research Analyst, delves into the role bond ladders play in the drawdown phase within the defined contribution space.

Retirement Solutions, not Products
Retirement Solutions
True retirement solutions involve not only solid investment products, but they must represent a holistic solution for participants. The solutions need to directly address the four fundamental risks participants face during drawdown in a clear and easy to understand way.

Retirement Risk #1: Not Understanding Risk
Retirement Solutions
We share our insight on how successful retirement income solutions must address the mitigation of the real risks that participants are facing throughout retirement.

Rising Rates, Falling Banks and What it Means for Investors
2023
In our conversation with Anthony Woodside, we gather some insights on the direction of the market and consider what strategies may be appropriate given this economic backdrop.

Exploring the Unique Characteristics of Public Pension Plans
2022
Our conversation with Brianne Weymouth explores the unique characteristics of public pension plans and challenges they may face to meet their investment goals.

Climate-risk and Its Implications on the Investment Industry
2021
In a conversation with Mark Wood and David Barron, we discuss climate-risk and its implications on the investments industry.

A Discussion on Paths to De-risking
2021
We discuss preparing for a plan termination by constructing a PRT-ready portfolio, the role of less liquid hedging assets such as private credit and deciding between a full plan termination and maintaining a self-sufficient fully hedged portfolio.

ESG and Its Place in the Investment Process
2021
In a conversation with Linsey Schoemehl Payne, Nichole Roman-Bhatty and Brian Beargie, we explore the methods and considerations for incorporating ESG factors into the fixed income investment process.

An Exploration of the Benefits and Considerations of Overlay Adoption
2021
In a conversation with Joaquin Lujan and Neil Olympio, we explore the benefits and considerations of adopting an overlay, specifically how they can help achieve a plan’s unique objectives.

A Discussion on How the Evolution of LDI Pertains to Managing a Cash Balance Plan
2020
In our conversation with Ben Bartelt, we discuss the evolution of LDI and custom strategies and specifically, how they pertain to managing a cash balance plan.

Climate Impact Pledge
2023
LGIM’s 7th Climate Impact Pledge report outlines the actions taken in 2022 to drive positive change on behalf of our clients on decarbonization and the related issues of biodiversity and nature loss.

Active Ownership
2023
Our 12th Active Ownership report shows how we engage with companies and policymakers, and how we push for positive change for our clients and the world.

Globalizing our Diversity Engagement
2023
Our conversations and policies on this topic have so far primarily focused on developed markets such as the UK, US, Europe and Japan. In 2022, we decided to expand our diversity strategy into select emerging markets for various reasons.

Net Zero 2050: More Affordable Than Ever
2023
Our research suggests the window to achieve a 1.5°C outcome, consistent with ‘net zero’ emissions by 2050, is closing fast. But it also highlights the surprisingly positive reductions in the cost to achieve such an outcome that we have already seen.

The Energy Transition Dilemma
2022
We believe investors must be a part of the transition through engagement, focusing efforts on creating an environment where companies, governments and allocators of capital work together to build the green ecosystem.

LGIM ESG Score
2022
We have developed a proprietary, rules-based approach to scoring companies from an environmental, social and governance (ESG) perspective. Through our transparent scoring methodology, we believe we can drive fundamental change in the market.

Climate Impact Pledge Methodology
2022
This document sets out the framework, governance processes and methodology of the updated LGIM Climate Impact Pledge ratings (CIP ratings).

Sustainable Development Goals: A Blueprint for a Better Future
2021
We fully support the objectives of the SDGs and many of the SDGs’ principles and themes are embedded in our approach to responsible investing.

Climate Change: An Integral Consideration in Fixed Income Strategies
2020
We remain committed to aiming to produce superior returns for our clients as well as engaging with capital seekers who could benefit from a more thoughtful approach to the energy transition.
We have more articles, whitepapers and reports to share. Visit our dedicated Investment Stewardship site to learn how we’re helping institutions positively influence change.
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