L&G to launch DB pension monitoring platform

Legal and General Investment Management (LGIM) has partnered PensionsFirst to launch an online analytics and monitoring platform for defined benefit (DB) pension schemes.

The partnership combines LGIM’s understanding of the needs of pension schemes with PensionsFirst’s provision of DB risk analytics and reporting.

The platform has been designed for use by governance-constrained pension schemes in conjunction with their investment advisers.

LGIM is aiming to begin a pilot of the platform with pension schemes and their advisers in the first quarter of 2013.

Mark Wybrow, head of the UK core client team at LGIM, said: “As a growing number of smaller pension schemes look to implement scheme-specific investment strategies, the demand for more sophisticated analytics and decision-making tools is growing.”