The Scheme's finances

Summary of the Scheme’s Annual Report & Financial Statements

Each year the Trustee produces the Scheme’s Annual Report & Financial Statements for the Scheme. This covers both the Scheme as a whole, and includes the financial highlights for both the DB and DC Sections separately.

Below, you can see a summary of the financial highlights and membership for the 12 months to 5 April 2018 for the Scheme, as well as both the DB & DC Sections separately. You can view the full Report & Financial Statements in the ‘Documents’ section of the Scheme’s website.

Net assets at 6 April 2017

£8,107.0m

Income (including Company and additional member contributions, transfer-ins and other income including insurance policy income)

£59.0m

Benefits and payments payable (including pensions, related benefits and administration expenses)

(£433.6m)

Net return on investments

(£40.1m)

Net assets at 5 April 2018

£7,692.3m

Figures in brackets are negative.

Membership

The total membership of the Scheme at 5 April 2018 was 42,608 of which 34,714 are members of the DB Section:

DB Section Pensioners and beneficiaries

19,920

DB Section Deferred members

14,157

DC Section Active members

4,582

DC Section Deferred members

3,312

DB Section Active members

637

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