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

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.

What do the next 12 months have in store for private markets? That’s
the question our panel aims to answer on this week’s podcast.
Discussion focused on what influenced private markets in 2025 and
what key themes we see emerging with 2026 already well under way. We
also looked at specific sectors in more detail, delving into real
estate, digital infrastructure and private credit.

On our panel:

This podcast was moderated by Nick Jardine, content manager at L&G,
and was recorded on 4 February, 2026.

All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026,
unless otherwise stated.

Assumptions, opinions, and estimates are provided for illustrative 
purposes only. There is no guarantee that any forecast will come to 
pass. It should be noted that diversification is no guarantee against 
a loss in a declining market. 

How important are dividends as a component of overall equity returns? Which countries offer the best prospects? And how can investors seek to avoid dividend traps?
 
Elisa Piscopiello, Senior Index and ETF Analyst, shares her answers to these questions and more as we delve into the details of dividend income strategy.
 
This podcast was recorded on 21 January 2026 and is hosted by Luka Lukic.
 
All data is sourced from LSEG as at 21 January 2026 unless otherwise stated. Dividend standard deviation versus MSCI World statement via Bloomberg data as at October 2025.

For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Risk management cannot fully eliminate the risk of investment loss. Dividend yield is not guaranteed and can go down as well as up, and the investor’s returns may vary year-on-year.  Past yields are not a guide to future issuances.

For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.