1.Your details (strictly confidential)

Name

Title

Institution

Email

Phone number

*2.Pension fund type (if multiple, please answer according to whichever is largest in terms of AuM)(Required.)

LGPS

DC

Corporate DB

3.Pension fund size

Less than £500m

£500m - £1bn

£1bn – 5bn

£5bn – 10bn

Over £10bn

4.Are you currently underweight or overweight the following, compared to what you would view as your typical/expected exposure (e.g. long-term SAA)

Please select from dropdown

Public equity

-- Select an option --OverweightNeutralUnderweight

Public debt (fixed income)

-- Select an option --OverweightNeutralUnderweight

Private equity

-- Select an option --OverweightNeutralUnderweight

Private debt

-- Select an option --OverweightNeutralUnderweight

Real assets (real estate, infrastructure)

-- Select an option --OverweightNeutralUnderweight

Emerging markets (any asset class)

-- Select an option --OverweightNeutralUnderweight

Cash

-- Select an option --OverweightNeutralUnderweight

*5.To which asset classes or sectors are you expecting to INCREASE your weighting over the coming 12 months? Select all that apply.(Required.)

Domestic equities

International equities

Investment grade fixed income

High yield debt

Private equity

Private debt

Real estate

Infrastructure

Commodities

Emerging markets (any asset class)

Climate, Impact or Nature-related investment strategies (any asset class)

6.What is the single biggest theme currently driving changes in asset allocation, out of these options? Please pick the one that is most influential for changes in the coming 12 months

Geopolitics (e.g. tariffs, deglobalisation, conflict, political upheaval)

Climate (e.g. decarbonisation, climate, biodiversity, sustainability)

Technology (e.g. AI, digitisation, digital infrastructure, storage, business transformation, societal impact)

Demographics (e.g. population ageing / movement)

Internal structural requirements (e.g. de-risking or other matters)

7.If you invest in private markets: how confident are you about the assumptions being used for incorporating private markets into your asset allocation model?

Very confident in the approach

Moderately confident

Some confidence, but very aware of problems/shortcomings

Low confidence

We do not invest in private markets

8.Where would you say that ‘governance’ of asset allocation is trending over time, in your institution? Please select one option from each pair of responses (unless no change).

More delegation towards external asset managers (e.g. multi asset or solutions-type mandates)...

...OR Less delegation towards external asset managers

More ownership by an in-house investment team...

...OR Less ownership by an in-house investment team

More ownership by board/trustees...

...OR Less ownership by board/trustees

9.Comments, insights, further thoughts (if you wish to share)