Merryn Somerset Webb

And they haven't moved that far down this yet.

I'm just having a look at some of the big chart in front of me.

Well, they're not up to 15%.

And so I'm looking at the next retirement date fund in 2050, if that's when you're going to retire.

You've got 42.5% in climate-aware global developed equities.

Let's hope that's what you wanted.

Private credit, 3.7% in rising, obviously.

Small amounts of bonds, bonds, bonds.

A bit of sterling.

Infrastructure equity, 3.2%.

Renewable equity infrastructure.

And then private equity comes in at 4.4%.

So in most funds, you're still under 10% private credit, private assets in general, as far as I can see.

But rising.

Are you looking at something else?

Yes, exactly.

Well, I'm looking at the retirement date funds, which, by the way, are the ones that most people will own.

I think these are the defaults.

But there's also the growth fund, which I'm not looking at right now, but I would imagine probably has a higher allocation to privates.

But I tell you what there is not an obvious and direct allocation to is, yes, you guessed it, UK equities.