legal & general asset management

The economic crisis provoked by Covid-19 led to a 5.1 percentage point fall in the average defined benefit (DB) funding position in the first three months of 2020, according to Legal & General Investment Management (LGIM).

The transparency code set up in June for the £217bn Local Government Pension Scheme (LGPS) is quickly gaining traction among asset managers, with the total number of signatories reaching 12.