Press releases

LGIM launches NavGuide - innovative complete investment service designed to help the UK’s ~ 2,000 smaller DB pension schemes

28 Sep 2020


Full press release

  • LGIM’s new NavGuide service has been designed specifically to help smaller UK DB schemes improve funding levels, control costs and risks, and secure members’ pensions

  • Innovative tech-driven solution enables schemes to consolidate their assets, whilst expanding affordable access to fiduciary management and buy out

Legal & General Investment Management (LGIM) has launched NavGuide, an innovative complete investment service for smaller schemes in the UK Defined Benefit pensions market.

NavGuide provides schemes with tailored investment advice, the initial design and then constant evolution of a bespoke portfolio, online monitoring and funding level tracking, and seamless transition to buy out. It uses a proprietary technology platform to help LGIM analyse individual schemes’ unique circumstances quickly and efficiently, enabling LGIM to deliver bespoke solutions much more cost-effectively.

NavGuide allows smaller schemes to consolidate their investments and gain access to LGIM’s economies of scale. With more than £1 trillion of assets under management, LGIM is already the largest manager of pension fund assets in the UK. This latest development reiterates the firm’s commitment to driving innovation in the pensions market and helping DB schemes of all sizes to achieve better outcomes.

Mark Johnson, Head of Institutional Clients at LGIM: "Better, cheaper and faster aren’t usually associated with DB pension solutions, but that is what we hope schemes will experience with NavGuide.

We’ve designed NavGuide to help smaller DB pension schemes – an area often overlooked by the industry - on their investment journey. These schemes will now be able to use NavGuide technology to access LGIM’s market-leading portfolio management specialists and L&G’s insurance expertise in a one stop cost effective solution."

Tim Dougall, Head of Fiduciary Management at LGIM: "This groundbreaking technology-led solution reflects the ambition of our team to support all elements of the UK DB pensions market.

The pandemic has increased pressure on DB pension schemes and highlighted the need to better-manage risks and make assets work harder, whilst still controlling costs. Solutions exist, but have previously been very difficult for smaller schemes to access.

NavGuide aims to change that, and bring the benefits of highly efficient diversified portfolios, bespoke risk management, and stress-free buy out to schemes of all sizes."

Key risk warning

The value of an investment and any income taken from it is not guaranteed and can go down as well as up; you may not get back the amount you originally invested.

Further information

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Adam Kirby

Associate Director

JPES Partners

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Notes to editors

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With almost £1.3 trillion in total assets under management*, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, alternative asset origination, life insurance, workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.

* at 30 June 2021

Legal & General Investment Management is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.28 trillion (€1.43 trillion; CHF1.55 trillion; $1.75t trillion; JPY181 trillion)*. We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors. Throughout the past 40 years we have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes including fixed income, equities, commercial property and cash. Our capabilities range from index-tracking and active strategies to liquidity management and liability-based risk management solutions.

*LGIM internal data as at 31 December 2020. The AUM disclosed aggregates the assets managed by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. The AUM includes the value of securities and derivatives positions.

(As of June 2021)

IMPORTANT INFORMATION

The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Past performance is no guarantee of future results. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances.