LGIM’s long-term position as a provider of workplace schemes for larger employees has seen it grow the assets on its master trust platform to over £4.7bn, of which £1.372bn is invested in the default.
The Multi-Asset Fund default operates a diversified and relatively cautious strategy through the growth stage, with a 38 per cent allocation across overseas and UK equities, which is maintained right the way through the glidepath to retirement. Through the growth phase five-year annualised returns are just below the Corporate Adviser Pensions Average (CAPA) Index, although they were achieved with a lower level of risk than the majority of providers. The maintenance of equity exposure through the glidepath saw the LGIM default out- perform most of its peers when analysing savers five years from state pension age.