IAPF DB Survey 2026

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* 5. Sector:

Financial

Technology

Pharma

Hospitality

Retail/consumer goods

Logistics

Public services

Administration

Other (please specify)

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* 6. Membership

Open to new joiners

Open to future accrual of service

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* 7. Is your schemes cashflow negative (i.e. are pensions in payments larger than contributions?)

Yes

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* 8. If using LDI, do you use gearing as part of your LDI strategy?

Yes

N/A

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* 9. If so what is your leverage ratio?

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* 10. Do you have a journey plan/end state plan?

Yes

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* 11. If so it is to buy out or to self-sufficiency?

Buy out

Self sufficiency

Other (please specify)

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* 12. If you have a journey plan, to what date is this plan?

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* 13. If so is this plan based on:

Time

Funding level

Both time and funding level

Other (please specify)

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* 14. Do you have a portfolio to match short term cash requirements (i.e. Cashflow driven investing)?

Yes

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* 15. If so, what %?

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* 16. What governance model is used for implementing investment strategy?

Outsourced Chief Investment Officer

In-house Chief Investment Officer

Fiduciary manager

Investment manager selection by the trustees

Other (please specify)

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* 17. Are ESG factors incorporated in your investment strategy

Fully

Partially

Unsure

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* 18. What services are members offered as preparation for retirement (select all that apply)

One to one financial advice

One to one financial guidance

Webinars and education

In person group seminars/training

Other (please specify)

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* 19. Does the scheme pay guaranteed pension increases?

Yes

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* 20. Does the scheme have a regular practice of paying discretionary pension increases?

Yes

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* 21. If so, are discretionary pension increases included in the funding plan?

Yes

DERISKING STRATEGIES

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* 22. What derisking strategies are you actively considering/what strategies are you likely to consider in the future? Select all that apply

Longevity swaps

Deferred annuity purchase

Annuity buy out

Annuity buy in

Pension increase exchange

Enhanced transfer values

Other (please specify)

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* 23. Do you envisage your scheme will wind up in next 5 years?

Yes

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* 24. Does your risk manager attend all trustee meetings?

Yes

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* 25. How many internal audits did you complete in last 12 months?

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* 26. How helpful did you find the Own Risk Assessment in supporting the work of the trustees?

Very helpful

Moderately helpful

Not at all helpful

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* 27. Have you been through SRP?

Yes

Currently in process

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* 28. If you have been through SRP how helpful did you find the recommendations in supporting the work of the trustees?

Very helpful

Moderately helpful

Not at all helpful

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* 29. Do you use committees?

Yes

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* 30. If so, which ones? Select all that apply

Investment

Risk and/or Audit

Member Engagement

Governance/Compliance

Other (please specify)

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* 31. Have you carried out a stress test on the impact of an interest rate shock?

Yes

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* 32. Have you carried out a stress test on the impact of a cyber event?

Yes

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* 33. Are you planning on making any changes to the benefits payable from your pension plan?

Yes

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* 34. Are you planning on making any changes to the governance of your pension plan?

Yes

IAPF DB Survey 2026

BACKGROUND INFORMATION

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* 1. Number of active members

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* 2. Number of deferred members

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* 3. Number of pensioner members

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* 4. Size of assets

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* 5. Sector:

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* 6. Membership

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* 7. Is your schemes cashflow negative (i.e. are pensions in payments larger than contributions?)

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* 8. If using LDI, do you use gearing as part of your LDI strategy?

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* 9. If so what is your leverage ratio?

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* 10. Do you have a journey plan/end state plan?

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* 11. If so it is to buy out or to self-sufficiency?

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* 12. If you have a journey plan, to what date is this plan?

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* 13. If so is this plan based on:

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* 14. Do you have a portfolio to match short term cash requirements (i.e. Cashflow driven investing)?

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* 15. If so, what %?

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* 16. What governance model is used for implementing investment strategy?

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* 17. Are ESG factors incorporated in your investment strategy

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* 18. What services are members offered as preparation for retirement (select all that apply)

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* 19. Does the scheme pay guaranteed pension increases?

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* 20. Does the scheme have a regular practice of paying discretionary pension increases?

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* 21. If so, are discretionary pension increases included in the funding plan?

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* 22. What derisking strategies are you actively considering/what strategies are you likely to consider in the future? Select all that apply

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* 23. Do you envisage your scheme will wind up in next 5 years?

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* 24. Does your risk manager attend all trustee meetings?

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* 25. How many internal audits did you complete in last 12 months?

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* 26. How helpful did you find the Own Risk Assessment in supporting the work of the trustees?

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* 27. Have you been through SRP?

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* 28. If you have been through SRP how helpful did you find the recommendations in supporting the work of the trustees?

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* 29. Do you use committees?

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* 30. If so, which ones? Select all that apply

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* 31. Have you carried out a stress test on the impact of an interest rate shock?

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* 32. Have you carried out a stress test on the impact of a cyber event?

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* 33. Are you planning on making any changes to the benefits payable from your pension plan?

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* 34. Are you planning on making any changes to the governance of your pension plan?

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* 35. Please leave your details below if you wish for the IAPF to follow up with you on any of your comments

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* 36. Contact details