L&G Talks Asset Management

This week, John Roe, Head of Multi-Asset Funds, and Colin Reedie, Co-Head of Global Fixed Income, joins The CIO Call with Sonja Laud, Chief Investment Officer, to discuss what’s happening in markets this week and what it all means for investors. This episode is hosted by Max Julius and was recorded earlier today. ·         Follow us on LinkedIn for our latest updates and discover our ‘Future World Blog’ for the latest insights from the investment team.·         Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. Got an idea for next week’s topic? We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of what you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management

This week, Tim Drayson, Head of Economics, and Ben Bennett, Head of Investment Strategy and Research, joins the call with Sonja Laud, Chief Investment Officer, to discuss what’s happening in markets this week and what it all means for investors. This episode is hosted by Max Julius and was recorded earlier today. ·         Follow us on LinkedIn for our latest updates and discover our ‘Future World Blog’ for the latest insights from the investment team.·         Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. Got an idea for next week’s topic? We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of what you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management

When the direction of markets seems totally unknowable, constructing an investment strategy can sometimes feel like a battle.

Among other things, investors need to find a decent array of weapons, or investment opportunities; guard against attacks, or shield against unrewarded risks; and, as no plan survives contact with the enemy, adapt to changing market circumstances. This week we’re talking to the LGIM Solutions team which helps clients solve their investment problems and win these particular battles.

As Bruce Lee said, “Obey the principles without being bound by them.”

Find all eight principles featured in our 2020 CIO Outlook: https://www.lgim.com/uk/en/insights/our-thinking/market-insights/cio-outlook-year-of-change.html

·         Will Riley, Head of Solutions, LGIM

·         Tim Dougall, Head of Investment Advisory, LGIM

·         Max Julius, Head of Content, LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

How much money do you really need in retirement? Amid large amounts of confusion in the UK workforce, the Pensions and Lifetime Savings Association (PLSA) might just have the answer. Inspired by the “five-a-day” mantra, the PLSA’s Policy Board have developed Retirement Living Standards as guidelines for how much retirees need to live off – and what they can realistically afford to buy – at three levels of income. These virtual “shopping baskets” include everything from your weekly grocery drop to how many holidays you need a year, and much more besides. 

This week, we interrogate how and why the standards were developed, what happens for couples, taking the bus and whether you can still afford to have fun in retirement! ·  Emma Douglas, Head of Defined Contribution, LGIM and Chair of the PLSA’s Policy Board

·  George Currie, Policy Lead: Lifetime Savings, PLSA

·  Eliza Grimond, Senior Content Manager, LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

Leadership, strategy and culture are all critical when assessing a company – whether for future investment or perhaps if you’re considering a role there. But the one that always stands out to employees’ lived experiences is culture and yet is still seen as so elusive given it is embedded in unspoken behaviours, social patterns and mind-sets. This makes it hard for boards and would-be investors to assess, manage and measure. Difficult, but not impossible.

This week, we talk to Clare Payn about her experience working with boards and fund managers about how she and the Investment Stewardship team understands corporate culture, the ways it can be measured, and how it can be successfully changed and developed over time.

·         Clare Payn, Senior Global ESG & Diversity Manager, LGIM

·         Mark Chappel, Senior Content Manager, LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

So many of our conversations with investors about stewardship are about two key problems: how can we judge the impact of your actions and how can we compare your work with your competitors? When so many are claiming to have ESG in their DNA, the ambitious update to the Stewardship Code goes a long way to putting an end to greenwashing. With new expectations about how investment and stewardship are integrated across asset classes, tougher hurdles to become a signatory and publicly available reporting from 2021, investors can expect a lot more transparency and comparability in the future. This week, we’re exploring what it means for you in detail and why it will become a lot harder, and a lot more meaningful, for an asset manager to be a signatory of the new code. 

·         Jeannette Andrews, Senior Global ESG Manager, Investment Stewardship team

·         Mark Chappel, Senior Content Manager, LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

It’s no secret that robo-advisers have opened up the industry. For years, wealth managers appeared as though they only catered for the those who, well, had a large amount of wealth to be managed. 

But is the story of the technological upstart disrupting an age-old industry too reductive? And can robo-advice really provide the necessary guidance customers are looking for when so many have such nuanced circumstances?

We ask Chris Barrett, Investment Director at JM Finn, how his company has innovated their service offering and why there might actually be a place for both traditional advice and robo-advice in clients’ portfolios.

·         Chris Barrett, Investment Director, JM Finn

·         Matthew Kemp, Senior Investment Sales Manager, LGIM

·         Mark Chappel, Senior Content Manager, LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management 

What makes a ‘modern’ office space that genuinely suits occupiers’ needs? Is it a fully serviced environment, accompanied by all the technological bells and whistles available? Or perhaps it’s the more traditional but sparsely furnished option? Customer expectations today have highlighted the limitations of both services and traditional offices and the need for genuine intermediate solutions.

Joining LGIM Talks this week are guests from the Real Assets to talk about the flexible office market, designed for fast-growing SMEs and larger corporates. As a sector ripe for disruption, we discuss how simplified leasing processes, high quality spaces and of course the security of a trusted landlord can help businesses and deliver long-term investment returns.

·         Andrew Mercer, Office Sector Lead

·         Bill Page, Head of Real Estates Market Research

The opportunities being created by the wider adoption of artificial intelligence (AI) and robotics are immense. Spending on cognitive and AI systems is forecast to grow from $12 billion in 2017 to $78 billion in 2022, according to IDC, and McKinsey projects that AI technologies are likely to increase global economic output by $13 trillion, or 16%, by 2030.

For cutting-edge insight into these trends, we were joined for this podcast by Professor Wyatt Newman, one of the world’s foremost authorities on robotics who has worked on developing autonomous vehicles and humanoid robots for disaster response.

The challenge for investors is to translate these exciting developments into strategies aligned with the growth of the AI and robotics industries. To explore these topics, we also heard from experts at ROBO Global® about how to identify and invest in the companies pioneering these technologies.

·         Professor Wyatt Newman, a leading researcher in the areas of mechatronics, robotics and computational intelligence

·         Jeremie Capron, Director of Research at ROBO Global®

·         Richard Lightbound, CEO - EMEA & Asia at ROBO Global®

·         Robert St George, Content Manager at LGIM

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.

2018 was a record year for pension scheme bulk annuity transactions, with nearly £25bn of deals, and this trend will have continued into 2019 too. According to a survey by AoN Hewitt, the time for schemes to reach their end‐game target is currently less than ten years. 

Every pension scheme is different, so even if schemes are targeting the same solution, they will need their own bespoke action plan to fit their own circumstances and move them on their journey towards end‐game. While there may be some uncertainties, there are practical steps that schemes can take to navigate the twists and turns more smoothly. 

In this episode, we talk to Pretty and Lisa about why end-game is so important for pension schemes at the moment, the state of the buyout market, and what schemes can to in order to prepare for a buyout.

Featuring:

We want to hear from you! Email us at [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
 This podcast is intended for investment professionals, and shouldn’t be shared with a nonprofessional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management