L&G Talks Asset Management
Episodes
104: The CIO Call: Deep dive into emerging markets
14 May 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
103: The CIO Call: 7 May 2020
07 May 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
102: The CIO Call: 30 April 2020
30 Apr 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
101: The CIO Call: 23 April 2020
23 Apr 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
100: The CIO Call: 16 April 2020
16 Apr 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
99: The CIO Call: 9 April 2020
09 Apr 2020
Contributed by Lukas
This week on The CIO Call, the following speakers discuss what is happening in markets and what it all means for investors: · Sonja L...
98: The CIO Call: 2 April 2020
02 Apr 2020
Contributed by Lukas
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief...
97: The CIO Call: 26 March 2020
26 Mar 2020
Contributed by Lukas
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...
96: The CIO Call: 19 March 2020
19 Mar 2020
Contributed by Lukas
This week, Tim Drayson, Head of Economics, and Ben Bennett, Head of Investment Strategy and Research, joins the call with Sonja Laud, Chief Investment...
95: How to build a more robust portfolio
11 Mar 2020
Contributed by Lukas
When the direction of markets seems totally unknowable, constructing an investment strategy can sometimes feel like a battle. Among other things, i...
94: Living the dream? The Retirement Living Standards with Emma Douglas, Head of DC
05 Mar 2020
Contributed by Lukas
How much money do you really need in retirement? Amid large amounts of confusion in the UK workforce, the Pensions and Lifetime Savings Association (P...
93: Why corporate culture matters
26 Feb 2020
Contributed by Lukas
Leadership, strategy and culture are all critical when assessing a company – whether for future investment or perhaps if you’re considering a role...
92: Is the new Stewardship Code 2020 the greenwashing killer we’ve all been waiting for?
21 Feb 2020
Contributed by Lukas
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 c...
91: Are robo-advisers disrupting the wealth management industry? We ask Chris Barrett from JM Finn
12 Feb 2020
Contributed by Lukas
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, we...
90: Real Assets: How flexible spaces are transforming the office sector
05 Feb 2020
Contributed by Lukas
What makes a ‘modern’ office space that genuinely suits occupiers’ needs? Is it a fully serviced environment, accompanied by all the technologic...
89: AI, robot: harnessing the investment potential of technological breakthroughs
29 Jan 2020
Contributed by Lukas
The opportunities being created by the wider adoption of artificial intelligence (AI) and robotics are immense. Spending on cognitive and AI systems i...
88: Stepping stones to end-game: a DB-focused podcast with Lisa Purdy (Head of Fiduciary Distribution) and Pretty Sagoo (Head of Pricing and Execution)
22 Jan 2020
Contributed by Lukas
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. Ac...
87: Why a strong audit committee is so important, with Sacha Sadan, Director of Corporate Governance
15 Jan 2020
Contributed by Lukas
Whether we believe it or not, trust in the system is broken. Recent audit scandals have prompted reform and yet further reform is expected. Havin...
86: What makes the perfect fund manager meeting – with James Calder, City Asset Management
08 Jan 2020
Contributed by Lukas
Meeting fund managers to talk about new products or their performance takes up so much of fund researchers’ time. With so many managers to meet, res...
85: In Conversation With: Hetal Mehta, Senior European Economist
02 Jan 2020
Contributed by Lukas
It’s not often that you have to read full state constitutions as part of your role. But Brexit and the European political upheaval of recent years h...
84: CIO Outlook 2020: The year of change
17 Dec 2019
Contributed by Lukas
This is an extraordinary moment for investors. Many asset classes have notched up double-digit returns over 2019, with equities hovering close to reco...
83: In Conversation With: Michelle Scrimgeour, CEO, LGIM
11 Dec 2019
Contributed by Lukas
In this special episode, Michelle Scrimgeour reflects on her career through asset management and her first five months as CEO of Legal & General I...
82: DB: Emerging market debt, the missing piece of the cashflow puzzle
04 Dec 2019
Contributed by Lukas
With over $15 trillion in negative yielding bonds in the market, a decade of loose monetary policy has left developed market yields languishing and in...
81: Anthony Raymond, General Counsel and Director of Legal Services, The Pensions Regulator
27 Nov 2019
Contributed by Lukas
Governance is at the heart of what The Pensions Regulator (TPR) does because good governance means good outcomes for members. With a wealth of new sta...
80: Working on water: investment opportunities in solving the world’s water crisis
20 Nov 2019
Contributed by Lukas
The world is facing a water crisis. If that sounds alarmist, consider a few statistics. The global per capita water supply has fallen by 56% since 196...
79: Managing millennials and intergenerational ways of working, with Dr Paul Redmond, University of Liverpool
12 Nov 2019
Contributed by Lukas
One the most engaging speakers at both LGIM’s Retail and DB/DC Client Conferences, Dr Paul Redmond is one of the foremost speakers on the subject of...
78: Thematic investing – Your questions answered
06 Nov 2019
Contributed by Lukas
In an episode earlier this year, Howie Li and John Roe discussed what separates long-term investment themes from fads. As Howie explains, the enduring...
77: DC: Dealing with retirement challenges, with Julie Richards, Boots Walgreens Alliance
30 Oct 2019
Contributed by Lukas
Live from the Landmark Hotel! We recorded this episode while at our DB/DC Client Conference where the topic of dealing with retirement anxiety was suc...
76: Fadi Zaher, author of “Index Fund Management, A Practical Guide to Smart Beta”
23 Oct 2019
Contributed by Lukas
What can Alex Ferguson’s career teach us about factor investing? In recent years, index and factor investing solutions have been bestsellers. But fa...
75: ESG: Why divestment might hold some nasty surprises
16 Oct 2019
Contributed by Lukas
Many investors will still tell you that responsible investment approaches begin and end with negative screens – excluding whole sectors such as oil ...
74: DC: The power of data science
09 Oct 2019
Contributed by Lukas
Many pension schemes store a huge amount of member data. But this is often difficult to access, incomplete or inconsistent, and stored in multiple for...
73: “It’s all about the service”: Keith Richards, Personal Finance Society CEO
02 Oct 2019
Contributed by Lukas
Advisers are no stranger to the PFS. With its royal charter to ‘secure and justify the confidence of the public’, this professional body is commit...
72: DB: Is your scheme a well-oiled machine?
26 Sep 2019
Contributed by Lukas
Unfortunately, and as much as we might like it to be the case, there is no miracle elixir for defined benefit schemes. Rather than hoping for magic, w...
71: In Conversation With: Colette Comerford, Head of Inclusion and Culture
23 Sep 2019
Contributed by Lukas
Her path from sports to asset management is a fascinating one – from her first job in Dublin, to London where international clients would mistake he...
70: Real assets: Urban logistics has made the industrial sector exciting again
18 Sep 2019
Contributed by Lukas
E-commerce has changed the way we shop in a rapid space of time, growing at an annual average of 17% according to ONS calculations. But our demand for...
69: Fixed income: Forecasting ‘fallen angel’ downgrades
12 Sep 2019
Contributed by Lukas
The last decade has transformed the investment grade credit market. It’s not just that the size of the market has grown immensely, it’s that th...
68: CIO Outlook: Opportunities in adversity
10 Sep 2019
Contributed by Lukas
When contemplating what the final months of 2019 might have in store, we are probably similar to many other investors in feeling somewhat apprehens...
67: Separating the fads from the long-term trends
04 Sep 2019
Contributed by Lukas
We’re promised so many different things that are going to ‘change the world’ – from ever-smarter smartphones to space tourism. And investing f...
66: Generation Z: Summer special
28 Aug 2019
Contributed by Lukas
With an August bank holiday hitting the mid-thirties, it feels like summer is going out with a bang. That’s why we thought we’d record a summer sp...
65: Changing of Lagarde: Why personalities matter for central banks
21 Aug 2019
Contributed by Lukas
Christine Lagarde has a CV that makes many of us jealous: partner at the prestigious law firm Baker McKenzie by age 31, finance minister for France du...
64: How advisers are managing customers’ risk/return expectations, with Andy O’Shea, Pharon IFA
14 Aug 2019
Contributed by Lukas
We’ve unintentionally created a series in the past few months on the podcast. From the episode with Richard Romer-Lee which touched on the importanc...
63: In conversation with: Howie Li, Head of ETFs
07 Aug 2019
Contributed by Lukas
While his distinctive Canadian twang might give him away, but Howie came to the UK to study law and fell in love with the place. A lawyer by training,...
62: Are you getting the most out of your ETF trading?
31 Jul 2019
Contributed by Lukas
Many investors don’t think they need an ETF trading strategy – that is until it’s too late. After all, how different can it be from trading a st...
61: Modern Monetary Theory: Are deficit hawks an endangered species?
24 Jul 2019
Contributed by Lukas
Where have all the deficit hawks gone? With mainstream politicians no longer comparing government finances to household saving habits, it appears that...
60: In Conversation With Sonja Laud, Chief Investment Officer
17 Jul 2019
Contributed by Lukas
Sonja brings a wealth of experiences to her new role as Chief Investment Officer. But at school, her dream job would have been to become a professiona...
59: DB: Managing risk in turbulent times
10 Jul 2019
Contributed by Lukas
We’d all love to predict with pinpoint accuracy the timing of any future bouts of volatility and the impact it would have for schemes’ returns. In...
58: Engaging the nation through technology, with Helena Morrissey
03 Jul 2019
Contributed by Lukas
The responsibility for people’s financial futures has increasingly been transferred to the individual yet a broad majority of the population remain ...
57: Forecasting the next downturn, with Justin Onuekwusi and Emiel van den Heiligenberg
27 Jun 2019
Contributed by Lukas
Question: Are people at parties talking to you about stocks? If the answer is ‘yes’ then (1) you could be going to the wrong sorts of parties...
56: ESG and the Independent Governance Committee: How FCA changes will affect your scheme
19 Jun 2019
Contributed by Lukas
How will the FCA clarification that environmental, social and governance (or ESG) considerations are “financially material” risks affect the IGC’...
55: Absolute return “a genre, not a sector”, with Richard Romer-Lee, Square Mile
13 Jun 2019
Contributed by Lukas
The target absolute return sector has been unloved to say the least. With the offer of ‘investment nirvana’, as Square Mile’s Richard Romer-Lee ...
54: In conversation with: Honor Solomon, Head of Retail, EMEA
07 Jun 2019
Contributed by Lukas
Working in her father’s London clothes shop taught Honor two things: that she loved meeting people from all over the world, and that she also loved ...
53: How boards can work best – Sacha Sadan, Director of Corporate Governance
05 Jun 2019
Contributed by Lukas
Good governance is crucial to all boards, whether they oversee a FTSE 100 multinational, a multi-billion pound pension scheme or a national charity. T...
52: Lord Stern at the LSE: The urgency, opportunity and acceleration of climate action
29 May 2019
Contributed by Lukas
We’ve heard a lot about the need for urgent climate action in the past few months. Sobering documentaries from David Attenborough and hard-hitting a...
51: Should we move to a four day week?
22 May 2019
Contributed by Lukas
Is a four day working week realistic — or desirable? Chris Jeffery from our Asset Allocation team and Lara Bernard-Villeneuve in our Active Fixed In...
50: In conversation with: Madeleine King, Co-Head of Pan European Investment Grade Research
17 May 2019
Contributed by Lukas
In this episode, we talk to Madeleine about her path from netball to new issues. Growing up in Lancashire, she studied Mathematics and Economics, befo...
49: Behind the scenes with Active Equities: Access to management
15 May 2019
Contributed by Lukas
Once again we’ve gone behind the scenes to find out how LGIM’s investment teams manages funds. The Active Equities team places a major emphasis kn...
48: Allocate nimbly and diversify with purpose
09 May 2019
Contributed by Lukas
It’s said that the only thing that goes up in falling markets is correlation. Diversification across uncorrelated assets, differentiated sources of ...
47: UK broadband infrastructure: at a crossroads
01 May 2019
Contributed by Lukas
The race to provide faster broadband is on. But will incumbents be disrupted by the challenger providers: the 'altnets'? The upcoming set of results f...
46: Build to rent: Rise of the institutional landlord
24 Apr 2019
Contributed by Lukas
This week we’ve returned to that famous British obsession: housing. Now that 20% of the UK population are choosing to rent their home, the expectati...
45: In conversation with: James Carrick, Global Economist
19 Apr 2019
Contributed by Lukas
Variable or fixed rate mortgage? That’s the first question asked once someone knows you’re an economist, in James’s experience. Despite an origi...
44: Active Ownership 2019: A year of corporate governance
16 Apr 2019
Contributed by Lukas
From the Melrose-GKN bid to the first results of our Climate Impact Pledge, 2018 was a crucial year for better understanding the decisions companies m...
43: China: The consumption powerhouse
10 Apr 2019
Contributed by Lukas
Investing in the Chinese economy often deals with particularly impressive numbers. This is an economy which has tripled in size since 2005, even now c...
42: Let’s rebuild America
03 Apr 2019
Contributed by Lukas
The recent soft patch in growth and dovish shift from the Federal Reserve has made it less likely that the US enters recession next year. While 2019 m...
40: Integrating ESG into a factor portfolio
27 Mar 2019
Contributed by Lukas
As record numbers look to integrate sustainable investment considerations into their portfolios, it comes as no surprise that the world of factor-base...
39: Millennials on money
20 Mar 2019
Contributed by Lukas
What do you think of when you hear the word ‘millennial’? The archetype most prevalent in advertising and popular culture is one of an early-twent...
38: In conversation with: Ben Bennett, Head of Investment Strategy and Research
15 Mar 2019
Contributed by Lukas
In the late 1990s, when the world of equities was one of pinstriped suits and hard sells, European credit presented exciting new opportunities with a ...
37: An ESG checklist for trustees
13 Mar 2019
Contributed by Lukas
How can pension trustees prepare for new requirements on the environmental, social and governance (ESG) factors? New guidelines from the Department of...
36: The changing world of index funds
06 Mar 2019
Contributed by Lukas
Investors have embraced the world of index-tracking products on the back of comparatively low headline costs and the broad market exposures on offe...
35: In conversation with: Anton Eser, CIO
01 Mar 2019
Contributed by Lukas
It’s fair to say that growing up in South Africa helped shape Anton Eser into the Chief Investment Officer he is today. Having lived “in one of th...
34: Property: The wellbeing investment opportunity
27 Feb 2019
Contributed by Lukas
Property: The wellbeing investment opportunity We’ve all been in meeting rooms where the air has become so stuffy that there’s very little cha...
33: DC: 50 shades of green
20 Feb 2019
Contributed by Lukas
The green elephant in the room: there’s a lot of conversation in the market about investing responsibly – including integrating environmental, ...
32: In conversation with: Simon Chinnery – painter, poet, Peru
15 Feb 2019
Contributed by Lukas
Behind every role, there’s a story. We’re exploring the lives and careers of people across LGIM to understand more about what brought them to asse...
31: Log on to the cyber opportunity
13 Feb 2019
Contributed by Lukas
The need for cybersecurity permeates all levels of society with high-profile data breaches wiping hundreds of millions of dollars off of company va...
30: DC: De-risking dilemmas
06 Feb 2019
Contributed by Lukas
Getting the mix of assets in a portfolio belonging to someone coming up to retirement is so important. There are a lot of different factors to take in...
29: Low-carbon transition: Are we there yet?
30 Jan 2019
Contributed by Lukas
Following the release of an eye-opening UN report on climate, the time is ripe for investors to act with their own money. This week we’re checking i...
28: Quantitative tightening: What’s it all about?
23 Jan 2019
Contributed by Lukas
Analogy #1: If you laid out in $1 bills the amount that has been bought by central banks over the last ten years, you would end up covering an area ar...
27: Growth investing – A stock eat stock world
15 Jan 2019
Contributed by Lukas
After a difficult few months, it's only natural for the old debates between investment styles and longevity of economic cycles to resurface. Let’s n...
26: CIO Investment Outlook 2019: Brace for a credit squeeze
13 Jan 2019
Contributed by Lukas
In 2019, the key question is how tightening financial conditions will affect heavily indebted borrowers – and whether this raises the risk of recess...
25: Property: What makes a successful city?
09 Jan 2019
Contributed by Lukas
Why are some cities thriving creators of jobs and growth? Is a local university a driver of innovation or does it risk turning the area into a ‘stud...
24: Investing in emerging market debt
02 Jan 2019
Contributed by Lukas
US interest rates rises and the return of volatility have made investing in emerging market bonds seem like a dangerous place these past twelve months...
23: DC: Making a statement with statements
19 Dec 2018
Contributed by Lukas
Many of us receive no pensions guidance at all – we open our regular paper statement and often take no action for our future retirement. With define...
22: Decumulation Demystified: The natural income buffer
11 Dec 2018
Contributed by Lukas
The dynamic duo are back to talk more about decumulation. Justin Onuekwusi and Paul Measures continue to break their ‘no talking about Manchester Un...
21: UK housing market: A home run?
05 Dec 2018
Contributed by Lukas
Is the future of the UK a nation of homeowners, long-term renters or somewhere in between? Returning guests Hetal Mehta and Eleanor Jukes join us this...
20: Better diversity, better decisions
28 Nov 2018
Contributed by Lukas
The business case for gender diversity is clear – diverse companies are able to benefit from harnessing all available talent, potentially improving ...
19: Late cycle dynamics and low-risk portfolios
21 Nov 2018
Contributed by Lukas
With interest rate hikes and ‘quantitative tightening’, the end of the economic cycle draws nearer every day. Tightening central bank policies and...
18: Politics & policy: Freedom for the central banks and unconventional policy
14 Nov 2018
Contributed by Lukas
In the next economic downturn, central banks will likely have to reach further into their unconventional playbook. The days of simply cutting interest...
17: DC: Reducing money worries with financial wellbeing
07 Nov 2018
Contributed by Lukas
Retirement and pensions can often seem a long way off for many people – we all still need and often worry about money for everyday living so how can...
16: Property: The future of leisure
31 Oct 2018
Contributed by Lukas
The way people are spending their free time is changing. Successful leisure properties are destination locations – a place to socialise, network and...
15: DB: The strategic case for alternative credit
23 Oct 2018
Contributed by Lukas
The falls over the past two years in high yield and emerging market debt (‘alternative credit’) credit spreads, along with indications of late-cyc...
14: Behind the scenes: LGIM Asset Allocation team
16 Oct 2018
Contributed by Lukas
How well an investment team works is determined by more than a documented investment process. In this episode, the Asset Allocation team take a candid...
13: Decumulation Demystified: Should we retire the 4% rule?
09 Oct 2018
Contributed by Lukas
Retiring the 4% rule: Decumulation demystified The 4% drawdown rule forms the basis of many advisers’ decumulation propositions. Where there was o...
12: ESG versus ethical investing
04 Oct 2018
Contributed by Lukas
A flood of ‘responsible investment’ funds into the market has caused some confusion in the press about what kinds of companies should be included ...
11: Property investing – moving on from the mainstream
01 Oct 2018
Contributed by Lukas
Shops, offices and sheds: the three cornerstones of commercial property investment. But now property investors are starting to increase allocations to...
10: DC: Challenging retirement stereotypes
20 Sep 2018
Contributed by Lukas
The landscape for defined contribution is changing – for savers and retirees, employers and trustees, and for those who are responsible for managing...
9: Demographic strategy: the cost of unhealthy living
20 Sep 2018
Contributed by Lukas
Raising the retirement age can help with the fiscal costs of living longer – but our unhealthy lives could force us to look at other options. We’...
8: E-commerce logistics: Warehouse robots and disruptive retailers
13 Sep 2018
Contributed by Lukas
A Chinese warehouse fulfils 200,000 orders a day and yet employs only four human workers. Automation technologies are disrupting the e-commerce logist...
7: Factors: Should we be worried about overcrowding or capacity?
09 Sep 2018
Contributed by Lukas
Given the rise in popularity of factor-based investing, there’s a lot of concern in the market about certain factors becoming too expensive (overcro...
6: DC Governance checklist: Is your scheme following best practice?
05 Sep 2018
Contributed by Lukas
That’s the question asked by Colin Clarke, Head of Product Policy Strategy. Ultimately, if advisers and service providers are not performing as expe...
5: DB: Raising cashflow awareness
03 Sep 2018
Contributed by Lukas
As defined benefit pension schemes mature and become cashflow negative, cashflow management becomes increasingly important. Schemes, particularly unde...
4: ROBO Global: Investing in the robotics revolution
03 Sep 2018
Contributed by Lukas
From smart speaker devices in our homes to driverless tractors in the agricultural sector, the robotics revolution is already here – the question is...