The Scheme's finances
Summary of the Scheme’s Annual Report and Financial Statements
Each year the Trustee produces the Scheme’s Annual Report and Financial Statements, which are audited by KPMG. You can view or download the latest version from the ‘Documents’ section of our website.
Scheme financial highlights (both DB and DC sections)
£7,791.1m
Net assets at 6 April 2021
£63.4m
Income*
£220.9m
Net return on investments
£362.4m
Benefits and payments payable#
£7,271.2m
Net assets at 5 April 2022
* Including Company and additional member contributions, transfer-ins and other income including insurance policy income.
# Including pensions, related benefits and administration expenses.
Membership
The total membership of the Scheme at 5 April 2022 was 41,302 of which 31,856 are members of the DB Section
- DB Section Active members 201
- DC Section Active members 3,751
- DB Section Deferred members 10,690
- DC Section Deferred members 5,695
- DB Section Pensioners and beneficiaries 20,965
- Total 41,302
The DB Section’s financial highlights
£7,207m
Net assets at 6 April 2021
£9.6m
Income*
£243.7m
Net return on investments
£323.2m
Benefits and payments payable#
£6,649m
Net assets at 5 April 2022
* Including Company and additional member contributions along with £0.3 million in respect of transfers from the DC Section.
# Including pensions, related benefits and administration expenses.