Provide contextual information on your AUM asset class split. [Optional]
The Trustee's strategy is to fully hedge real interest rate risks (using gilts, swaps and high-grade credit assets) and to look for opportunities to hedge longevity risk using insurance solutions (e.g. Buy-Ins). Other assets are increasingly allocated to matching longer-dated liability cashflows, with a declining allocation to diversified risk assets. The asset allocation is influenced by the liability profile of the Scheme and a desire to reduce reliance on the sponsor covenant.