Strong growth for Streamlined IC service

Our innovative investment governance solution for defined benefit (DB) schemes, Streamlined Investment Consulting (IC), has grown to £2.5 billion in assets under management in two years, with participating schemes jointly saving millions in investment fees. 

Launched in late 2021, Streamlined IC allows trustees and sponsors of UK DB schemes to access large-scheme innovation and pricing through Legal & General Investment Management’s Investment (LGIM) Platform.

Streamlined IC has had great success with a full spectrum of DB schemes signing up for the service, as trustees look for innovative and cost-effective solutions.

Schemes also benefit by using a streamlined implementation model that enables trustees to speed up decision-making, save money and focus on the more important strategic issues such as end-game planning. 

Jude Bennett, Partner at Barnett Waddingham, said: “We’re delighted with the growth of Streamlined IC, which allows us to bring the quality of advice and ideas we provide for large schemes to the full range of DB schemes."

Mark Wybrow, Head of Core Clients at LGIM, said: “It has been great to partner with BW on their Streamlined IC Service. The platform provides both trustees and their advisors with enhanced governance and resilience. Furthermore, the pooling of assets leads to operational efficiencies and overall reduced costs, which is great news for trustees, sponsors and ultimately the schemes’ members.”

Paul Hinton, Chair of Trustees of the A Bilbrough & Co Ltd Pension & Life Assurance Scheme said: “The Trustees' successful work with BW played an important part in moving our scheme into a stronger position during the past two years. The tools available under Streamlined IC have allowed us to respond to challenging market developments quickly and efficiently.”