LCP strategic portfolios

Welcome to the latest update for LCP's strategic portfolios for UK defined benefit pension schemes.

Inside you will find the latest thinking from our investment strategy team and specialist asset class researchers.

In this edition:

• We increase the allocation to Dynamic LDI, reflecting a more cautious outlook and a continued focus on portfolio resilience.
• We highlight practical ways to make LDI portfolios more resilient, including inflation hedge reviews, credit exposure assessments and opportunities to increase gilt exposure.
• We set out approaches for limiting drawdowns in an uncertain macro environment, including tail-risk protection and synthetic equity protection.