Press releases
LGIM launches NavGuide - innovative complete investment service designed to help the UK’s ~ 2,000 smaller DB pension schemes
28 Sep 2020
- 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
Adam Kirby
Associate Director
JPES Partners
T: 020 7520 7634
Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management1 of which 40% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
1Data as at 31 December 2023.
LGIM is one of Europe’s largest asset managers and a major global investor, with total assets under management of £1.2 trillion1 ($1.5tn, €1.3tn, CHF 1.2tn). We work with a wide range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
For more than 50 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.
1Data as at 31 December 2023. Data combines assets under management by LGIM in the UK, LGIMA in the US and LGIM Asia in Hong Kong. Assets under management include securities and derivatives positions.