L&G Talks Asset Management

In this episode of DC Close Up for L&G Talks Asset Management, Lesley-Ann Morgan, Global Head of DC, is joined by Micah Smith, Head of Retirement Innovation at L&G, and Paul Waters, Partner and Head of DC Markets at Hymans Robertson, to explore the growing focus on retirement income.
Together, they explore why retirement income is one of the toughest challenges facing DC, how policy and new approaches are evolving, and whether the future lies in one dominant solution or a broader range of options designed around different needs.
This episode was recorded on 7 October 2026. All...

France has moved back to the centre of investors' attention. Concerns over the
country's fiscal outlook, rising debt burden and increasingly fragmented political
landscape have prompted markets to demand a higher premium for holding French
assets, pushing the spread between French and German government bonds to
levels not seen since the eurozone sovereign debt crisis.
In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives is joined by Simon Bell, Fund Manager; Marc Rovers, Head of European Credit; and Robert Griffiths, Global Equity Strategist, to discuss why investors are suddenly paying attention to France...

Our Head of Delegated Solutions, Tim Dougall, offers his insights into what’s driving increased interest in fiduciary management and OCIO among UK pension schemes.

In this episode we discuss:

This week’s episode takes a broad look at real assets. We assess how investors are looking at this sector and how the macro-economic backdrop may be impacting their thinking.

Joining the podcast is Neil Meikle, Head of Private Markets Distribution. Neil brings a unique perspective, drawn from experience talking to private market investors of all stripes. The episode addresses real assets across the board, touching on areas such as digital infrastructure, operational real estate and clean power.

This podcast is hosted by Nick Jardine, Content Manager for Private Markets at L&G.

Fo...

Ben Bennett, Chief Investment Strategist for Asia, examines one of the market's biggest puzzles: why equity markets continue to shrug off rising bond yields, elevated oil prices and tightening financial conditions.

Ben discusses what a surge in US Treasury yields above 5% could mean for investors, and whether markets are underestimating the risk of a renewed inflation shock. He also explores the growing competition for capital between governments and AI-related investment, the implications of record debt issuance, mounting fiscal pressures in Europe, and what a stronger US dollar may be signalling about the global economy.

This...

The AI investment story is evolving beyond today's market leaders. Economist Matthew Rodger and Portfolio Manager in our Active Equities team Ewan Bowerbank discuss whether open-weight models could change where value accrues, the growing importance of energy and infrastructure, and how geopolitics and regulation could shape AI's next phase.

They explore what this means for investors, including the case for diversification across the AI ecosystem, managing valuation risk and identifying potential beneficiaries beyond technology.

This podcast was recorded on 21 September 2026.

All data is sourced from Bloomberg as of 21 September 2026 unless otherwise stated.
 

Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on what higher rates could mean for inflation, equities and bond markets. He also explores diverging central bank policies, whether US Treasury yields can remain above 5%, rising energy prices, and the evolving relationship between the Fed and the Treasury.

This podcast was recorded on 16 September 2026.

All data is sourced from LSEG as of 15 September 2026 unless otherwise stated.
 
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only.

Assumptions, opinions, and estimates are provided for illustrative purposes only. There i...

L&G’s James Giblin, Fund Manager, and Dorian Squires, Investment Director at Apollo Investment Management, go beyond performance numbers to explore the people, processes and partnerships that sit behind a managed portfolio service.

Drawing on their own experiences, they share real-world examples of how investment decisions are made, how funds are selected and monitored, and how advisers and fund managers work together through changing market conditions.

The discussion includes lessons from periods of market volatility, insights into the due diligence and governance that underpin portfolio construction, and real-world examples of how investment teams respond wh...

Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on how higher long-end yields shaping cross-asset performance. 

Also on the agenda is Japanese yen strength, the outlook for oil and Nvidia's* latest results. 

This podcast was recorded on 2 September 2026.

All data is sourced from LSEG as at 1 September 2026 unless otherwise stated.

For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. 

*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...

In this episode of L&G Talks, Ian Hutchinson, Head of Global Bond Strategies and Radha Mathur, Fixed Income Investment Specialist explore why global credit is back on investors’ radar.
They discuss how higher yields, tight spreads and elevated interest-rate volatility have reshaped the opportunity set, and why broad market exposure may no longer be enough.
The conversation highlights the role of selectivity, active rates management and regional insight, while considering risks including rate-market shifts, geopolitics and hyperscaler supply.
This podcast was recorded on 14 July 2026.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is...

For most DC savers, the default fund is their pension journey. Yet behind what appears to be a simple member experience sits a complex set of investment, behavioural and regulatory decisions.

In this DC Close Up episode for L&G Talks Asset Management, our Global Head of DC, Lesley-Ann Morgan, sits down with Head of DC Strategies, Graham Moles, to examine the changing world of DC defaults. 

From the debate between target date funds and lifestyle approaches, to the growing role of member data, private markets and retirement design, they discuss how schemes are adapting t...

On the latest episode of L&G Talks Asset Management, we dive into the
world of platform investing.

We cover what platform investing is, looking at how this strategy differs from core real estate holdings and explore considerations investors need to make when thinking about allocating to this asset class. Our speakers also explain what their hearing from investors when it comes to platform investing and why this type of allocation might be appealing.

The podcast features:

This...

Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on why US treasury yields stayed elevated as the oil price fell, the latest developments in the AI story, and whether Chinese equities could replicate the huge gains seen in Korea.
This podcast was recorded on 8 July 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 7 July 2026 unless otherwise stated.
For professional investors only. Capital at risk. 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...

Private markets come with a powerful narrative: patient capital, complexity premia,
and access to parts of the economy public markets can’t reach. But with every
narrative comes a set of assumptions that don’t always get challenged.

L&G’s Rebecca Burgess, Private Markets Asset Allocation Investment Specialist and
Lushan Sun, Head of Cross-Asset Private Markets Research unpack some of the most persistent myths surrounding private markets.

From illiquidity fears to valuation misconceptions, the team explores what’s true,
what’s outdated, and what investors may be overlooking.
This podcast is...

Are we on the cusp of a new era of robotics? How is AI enabling machines to perform more complex tasks than ever before? And how will these overlapping technologies change the lives of ordinary working people?
In this episode, Dr Henrik Christensen, renowned roboticist and Professor of Computer Science, is joined by Axel Belorde, Head of Business Development EMEA & Asia (Indexes) at TMX VettaFi, to separate fact from fiction.
This podcast was recorded on 22 June 2026 and was hosted by Matthew Kemp, Wealth Management Sales Manager at L&G.
Securities mentioned for illustrative purposes only. Reference to...

This special episode marks the publication of our midyear global outlook, which takes stock of the extraordinary first half of 2026 for investors – and offers insights as to what may follow. Topics covered include:
 
• The interplay between AI acceleration and geopolitical fragmentation
• What a raft of blockbuster IPOs mean for index investors
• How AI is fundamentally reshaping dynamics across industries
• The outlook for private credit
During the episode, Emiel van den Heiligenberg, our global CIO, is joined by:
 
•        David Barron, Global Head of Index and ETFs
•        Stuart Hitchcock, Head of Portfolio Management, Private Credit
•     ...

What really drives an investment decision and what happens before a trade ever reaches your portfolio? 

L&G’s Francis Chua, Fund Manager, and Chris Franklin, Investment Specialist in our Asset Allocation team take us behind the scenes to unpack what the decision-making process actually looks like in practice. The discussion moves beyond models and market headlines to explore how views are formed, challenged and, at times, left
unresolved.

From the first signal, whether new data, market dislocation or a divergence in views, through to scenario analysis and portfolio positioning, the conversation highlights a pro...

On this week’s episode of L&G Talks Asset Management, we sit down
with Achal Arora, Managing Director of Digital Infrastructure
Investments.

With digital infrastructure increasingly being seen as critical to
modern economies, Achal runs down some of the ongoing trends in the
sector and how investors should understand present dynamics.

Among topics discussed are the influence of artificial intelligence,
reasons for a current focus on data centres and why clean power
infrastructure and digital infrastructure are converging.

This podcast was moderated by Nick Jardine, Content Ma...

What is meant by the term ‘systematic solutions’? Why are they increasingly important for investors? And how is AI changing the way they are constructed?

In this podcast we hear from three key members of L&G’s systematic solutions capability to discover the answers to these questions. Our speakers are:

This podcast was recorded on 15 May 2026 and is hosted by Luka Lukic, Product Proposals Specialist.

For illustrative purposes only. Refere...

Money illusion is one of the most common behavioural biases and with nearly £30 billion held in cash, are UK charities assuming that the most cautious investment is also the safest choice?

L&G’s Nancy Kilpatrick, Head of Charities and Andrzej Pioch, Fund Manager and the Head of Risk Targeted Funds explore the risks that may be hiding in plain sight: the risk of holding too much cash, what that actually costs charities and how Trustees could be thinking about their investments.

They discuss:

In today’s fast-moving investment landscape, we believe staying ahead means looking beyond the headlines—understanding how powerful structural shifts like AI disruption can reshape markets, alongside ongoing geopolitical volatility.
In this edition of L&G Talks, Jason Shoup (US CIO), Jason Becker (Head of US Credit Strategy), Anthony Woodside (Head of Multi-Sector Fixed Income & Investment Strategy), and Dan Dreher (Solution Strategist) joined us for our first US-based conversation. They helped us unpack L&G’s Q2 US Investment Outlook, discussing:
Why AI disruption may be the bigger, longer-lasting market force than episodic geopolitical shocks Insights into fixed income...

L&G’s Chief Strategy and Product Officer Jo McCaffrey talks to Chief Marketing Officer Andy McQuillan about the rapidly accelerating evolution of asset management, and her personal ascent through the industry.
In this wide-ranging and candid interview, Jo and Andy discuss the challenge of leading through change from three distinct perspectives:
How asset managers can adapt to meet changing client needs The importance of culture in enabling team performance What it takes as an individual to achieve your ambitions
For professional investors only. Capital at risk. 
Securities mentioned for illustrative purposes only. Reference to a par...

L&G’s Affordable Housing platform is a demonstration of how investing in real assets has the potential to make a real difference.

Aside from offering a potentially compelling opportunity for institutional investors, the provision of these homes addresses a critical societal need. In our latest podcast, we turn our attention to this space, while also noting some exciting recent developments around L&G’s efforts in Affordable Housing.

Joining us on the podcast this week we have:

This episode explores how the DC industry – and L&G – can move from member engagement to action, at a time when new research* indicates that 41% of working people aged 25 to 55 are not on track for the retirement income they’ll need.

DC Close Up host Lesley‑Ann Morgan, Global Head of DC in our Asset Management business, is joined by Jenny Hazan, Director of Customer Strategy and Engagement at L&G. Together, they discuss why the biggest challenge in DC pensions is not participation but adequacy – and why information alone rarely changes behaviour.

Drawing on examples s...

In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives and Alex Mack, Head of Inflation and Rates explore the role of duration in fixed income portfolios and ask if it is a consistently reliable hedging tool. 
They also discuss why they believe it is important to manage duration dynamically in unconstrained bond portfolios across varying market conditions. 
This episode was recorded on 24 March 2026. 
All data from L&G and/or Bloomberg as at 31 December 2025. 
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass...

We can’t predict how geopolitical events unfold, but how do investors adapt to market stress and maintain portfolios that remain robust regardless of the headlines?
L&G’s Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Aimee Bowkett, Fund Manager; and Chris Teschmacher, Fund Manager and Head of AA Investments Specialists discuss:
Why uncertainty feels so acute and why the data tell a different story How ‘reckless prudence’ means being too cautious could be a genuine risk Regret, diversification and the cost of being prepared For more insight into the team’s prepare don’t predict phil...

This episode is the edited audio of a webinar we held with clients on 20 March to discuss the market reaction to the ongoing conflict in the Middle East.
Alongside human and political consequences, the conflict in the Middle East continues to impact markets. In this webinar, we shared our reflections on market conditions and managing risk in this environment.
Among other topics, our speakers covered:
The magnitude of market moves so far How elevated inflation expectations are affecting the path of interest rates What a higher oil price means for emerging market debt Why recent moves in...

In this special edition of L&G Talks Asset Management, we examine three different approaches to diversification.
Our speakers are:
Elisa Piscopiello, Senior Index and ETF Analyst, who talks about dividend income strategy Aude Martin, Head of Pooled Index Investment Specialists, who talks about equal weighting Shichen Zhao, ETF Thematic Research Analyst, who talks about the factor profiles of thematic strategies
This podcast is hosted by Harry Brooks, Content Manager, and was recorded on 13 March 2026.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a...

This episode is the edited audio of a webinar we held with clients on 5 March to discuss the implications for investors of the recent escalation in the Middle East.
Alongside its profound human and political consequences, the conflict has prompted significant market moves. Among other topics, our speakers covered:
How the duration of energy market disruption could be pivotal to the investment outlook The potential implications for inflation and central bank policy of higher energy prices Why government bond yields have moved higher and credit spreads are largely tighter The market backdrop in which the conflict has unfolded...

Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the US Supreme Court’s ruling on tariffs, concerns around the future of software firms, and what’s behind the dip in long-term Japanese government bond yields.
This podcast was recorded on 24 February 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 23 February 2026 unless otherwise stated.
For professional investors only. Capital at risk. 

In late 2024, we published our inaugural Endgame Insights report for DB schemes. With a new version around the corner, here’s a sneak preview of what’s new and how DB schemes are approaching the endgame options they have at their disposal.
Mat Webb, Head of Endgame Solutions, shares his thoughts on:
What’s different about L&G’s latest Endgame Insights report? Key highlights from our recent DB scheme survey results Is surplus extraction possible with any endgame option? Can DB schemes help to address intergenerational fairness?

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 ex...

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:

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 onl...

Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the market response to President Trump’s comments on Greenland, how investors can stay the course during periods of volatility, and what’s driving the rally in Asia.
This podcast was recorded on 20 January 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 19 January 2026 unless otherwise stated.

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

In 2026, investors continue to face volatility and uncertainty. How can they seek to access differentiated alpha through targeting potential market dislocation?
In this podcast, Adil Mirza, Senior Fund Manager within our Global High Yield team, shares his views and process.
For professional investors only. Capital at risk.

With pensions adequacy an increasingly critical issue for the industry, we examine how smarter DC investment strategies are more important than ever.
From private markets to hybrid default investment strategies and greater diversification, find out how DC investments are evolving to help unlock long-term growth for DC savers.
In this episode, Dee Campbell, DC Content Manager, is joined by L&G’s investment experts:
John Roe, Head of Multi-Asset Funds
Martin Dietz, Head of Diversified Strategies
Will Chan, Senior DC Strategies Manager
Important information
For professional investors only. Capital at risk. For illustrative pu...

In this episode of L&G Talks, we catch up with Amelie Chowna, our newly appointed Head of Fixed Income Strategic Initiatives.
Amelie shares her career journey from business school in France to rising through the ranks at L&G and what her new job entails. The conversation also explores challenges and opportunities in fixed income investing, the case for unconstrained strategies, and interesting trends including blending private and public credit.
For professional investors only. Capital at risk.

This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include:
AI-driven capital expenditure and rising government borrowing What may need to happen to justify investor bullishness on AI Concentration risk in US and global equity markets Non-consensus market views for next year and beyond
You can read the foreword and access the entire report here, on our blog. During the episode, Sonja Laud, our global CIO, is joined by:
Christopher Jeffery, Head of Macro Strategy Colin Reedie, Head of Active...

In this special episode, we discuss our partnership with Blackstone, the world’s largest alternative asset manager. We also offer an overview of private credit and look at the role the asset class could play alongside public credit within investor portfolios.

Our speakers are Jo McCaffrey, Chief Strategy and Product Officer, Asset Management, L&G; and Brad Marshall, Global Head of Private Credit Strategies at Blackstone.

Other topics covered include:

·        The reasons behind the rapid growth of private credit
·        Key investor considerations around the asset class, in particular for the UK Wealth market
·       ...