DCTrust 2014

DC Trust:
A presentation of
scheme return data
July 2009
page 2 DC Trust: A presentation of scheme return data
DC Trust: A presentation of scheme return data page 3
Contents
* Executive summary
Introduction page 4
The data page 6
Key fndings page 7
* Section 1: Scheme demographics page 13
* Section 2: Annual contributions page 23
* Section 3: The largest 100 schemes page 32
* Section 4: Small occupational schemes page 39
* Appendix page 46
List of charts
Section 1: Scheme demographics
Chart 1a Effective date spread for membership fgures
(12 or more member schemes) by schemes page 13
Chart 1b Effective date spread for membership fgures
(12 or more member schemes) by members page 14
Chart 1c Number of 12 or more member occupational
trust-based DC schemes (Year on Year) page 15
Chart 1d Year schemes established page 16
Chart 1e Number of 12 or more member DC scheme wind ups
(Year on Year) page 17
Chart 1f Total schemes by scheme size page 18
Chart 1g Total schemes by scheme status page 19
Chart 1h Memberships by scheme size page 20
Chart 1i Memberships by scheme status page 21
Chart 1j Membership status response rates (12 or more
member schemes) by % of schemes page 22
Chart 1k Membership status response rates (12 or more
member schemes) by % of members page 23
Chart 1l Memberships by membership status page 24
Section 2: Annual contributions (based on subset)
Chart 2a Annual contributions response rate
(12 or more member schemes) by % of schemes page 25
Chart 2b Annual contributions response rate
(12 or more member schemes) by % of active members page 26
Chart 2c Effective date spread for annual contributions fgures
Chart 2d Effective date spread for annual contributions fgures
Chart 2e Average annual contributions per active
member by scheme size page 29
Chart 2f Total annual contributions by scheme size page 30
Chart 2g Source of contributions by scheme size page 31
Contents
Section 3: The 100 largest schemes
(100 largest occupational trust-based DC schemes)
by schemes page 32
by members page 33
Chart 3c Effective date spread for annual contributions fgures
by schemes page 34
Chart 3d Effective date spread for annual contributions fgures
by members page 35
Chart 3e 100 largest occupational trust-based DC schemes with
most memberships by scheme status page 36
Chart 3f Memberships of 100 largest occupational trust-based
DC schemes with most memberships by scheme status page 37
Chart 3g Memberships by membership status for the 41 largest
occupational trust-based DC schemes page 38
Chart 3h Source of contributions to the 41 largest occupational
trust-based DC schemes page 38
Section 4: Small occupational schemes
(2 to 11 member schemes) by schemes page 39
(2 to 11 member schemes) by members page 40
Chart 4c Number of 2 to 11 member occupational
Chart 4d Small schemes year established page 42
Chart 4e Number of 2 to 11 member DC scheme wind ups
Chart 4f Small schemes by scheme status page 44
Chart 4g Memberships of small schemes by scheme status page 45
List of fgures
Figure 1: The private pensions landscape page 4

List of tables
Table A Status of scheme and description page 18
Table B Status of member and description page 24
Appendix
Table 1a Effective date spread for membership fgures
Table 1b Effective date spread for membership fgures
Table 1c Number of 12 or more member occupational trust-based
DC schemes (Year on Year) page 46
Table 1d Year schemes established page 47
Table 1e Number of 12 or more member DC
scheme wind ups (Year on Year) page 47
Table 1f Total schemes by scheme size page 48
Table 1g Total schemes by scheme status page 48
Table 1h Memberships by scheme size page 48
Table 1i Memberships by scheme status page 49
Table 1j Membership status response rates (12 or more
Table 1k Membership status response rates (12 or more
member schemes) by % of members page 49
Table 1l Memberships by membership status page 49
Section 2: Annual contributions (based on subset)
Table 2a Annual contributions response rates (12 or more
Table 2b Annual contributions response rates (12 or more
member schemes) by % of active members page 50
Table 2c Effective date spread for annual contributions fgures
Table 2d Effective date spread for annual contributions fgures
Table 2e Average annual contributions per active
member by scheme size page 51
Table 2f Total annual contributions by scheme size page 51
Table 2g Source of contributions by scheme size page 51
Contents
Table 3a Effective date spread for membership fgures (100 largest
occupational trust-based DC schemes) by schemes page 52
Table 3b Effective date spread for membership fgures (100 largest
occupational trust-based DC schemes) by members page 52
Table 3c Effective date spread for contributions fgures (100 largest
occupational trust-based DC schemes) by schemes page 52
Table 3d Effective date spread for contributions fgures (100 largest
occupational trust-based DC schemes) by members page 52
Table 3e 100 largest occupational trust-based DC schemes with
most memberships by scheme status page 53
Table 3f Memberships of 100 largest occupational trust-based DC
schemes with most memberships by scheme status page 53
Table 3g Memberships by membership status for the 41 largest
occupational trust-based DC schemes page 53
Table 3h Total contributions to the 41 largest occupational
trust-based DC schemes page 53
Table 4a Effective date spread for membership fgures
(2 to 11 member schemes) by schemes page 54
Table 4b Effective date spread for membership fgures
(2 to 11 member schemes) by members page 54
Table 4c Number of 12 or more member occupational
Table 4d Small schemes year established page 55
Table 4e Number of 2 to 11 member DC scheme wind ups
Table 4f Small schemes by scheme status page 56
Table 4g Memberships of small schemes by scheme status page 56
Executive summary
Introduction
This is the frst edition of DC trust a presentation of scheme return data held by the
Pensions Regulator (the regulator) which focuses on occupational trust-based defned
contribution (DC) pension schemes and memberships (including DC memberships of
hybrid-dual section schemes) registered with the regulator.
The purpose of this document is to provide a high level snapshot of the current landscape
of occupational trust-based DC pension provision in the UK. It is based on a wide ranging
data set covering around 55,000 current and 45,000 wound-up schemes.
Figure 1 represents the private pensions landscape in the UK, showing at a high level the
different forms of provision available within the private sector, and giving an overview of
the size of each.
Figure 1
The private pensions landscape
DB workplace DC workplace DC personal
Occupational DB
schemes: 6,904
Occupational DB
members: 8.8m
Personal pensions
members: 14m
DC trust-based
schemes: 54,545
DC trust-based
members: 1.5m
Hybrid-dual section schemes: 1,333
Hybrid-dual section DC members: 1m
Hybrid-dual section DB members: 3.5m
Hybrid mixed-beneft schemes: 741
Hybrid mixed-beneft members: 1.8m
DC contract-based
members: 3.2m
Occupational DB The Pensions Regulator internal data (31 December 2008)
Hybrid-dual section The Pensions Regulator internal data (31 December 2008)
Hybrid-mixed beneft The Pensions Regulator internal data (31 December 2008)
DC trust-based The Pensions Regulator internal data (31 December 2008)
DC contract-based Offce for National Statistics (ONS) survey (Annual survey
of Hours and Earnings (ASHE) 2008)
Personal pensions The Pensions Regulator internal data and Offce for
National Statistics survey (ASHE 2008)
The regulator analyses and presents information on the defned beneft (DB) pensions
landscape in the Purple Book, produced jointly with the Pension Protection Fund
(PPF). This includes DB only schemes as well as DB elements of hybrid schemes. This
document does not seek to replicate any of the data in the Purple Book, though it does
share some of the same objectives.
This document focuses on the areas marked as occupational trust-based DC and hybrid-
dual section. There are many varieties of hybrid scheme, but they can broadly be classed
as either interdependent beneft type or dual section. An interdependent beneft type
scheme is one offering one set of benefts which has elements of both DB and DC, such
as a DC scheme with a guaranteed minimum payment (GMP) underpin. A dual section
scheme has two sections, one offering DC benefts and the other offering DB benefts.
Excluded from this analysis are DC contract-based schemes and personal pensions.
DC contract-based schemes, made up of group personal pensions (GPPs) and group
stakeholder pensions (GSHPs), are subject to a different regulatory framework than
DC trust-based schemes. The regulator works jointly with the Financial Services Authority
(FSA) in the regulation of GPPs and GSHPs. Personal pensions sit outside of the remit
of the regulator, as the regulator only regulates work place pensions. Therefore, all types
of DC contract-based provision, both group and individual, are outside of the scope of
this document.
The data presented here comes from information supplied by pension schemes to the
regulator through two processes, the scheme registration process and the scheme
maintenance process. As both of these processes are ongoing the data held by the
regulator is constantly being amended and updated. To that end, the information held
here is correct as at 31 December 2008. For information on memberships and annual
contributions, schemes are asked to supply an effective date for that information. Further
analysis of relevant effective dates is given within the introduction to each section, and is
attached to each chart.
The frst two sections of this document refer to occupational trust-based DC schemes with
12 or more memberships. These schemes account for around 10% of the total number
of schemes, but more than 90% of the memberships. Section three looks at the 100
occupational schemes with the most memberships, and section four is concerned with
small schemes (2 to 11 memberships.)
It is intended that this document will become an annual publication. As such the data set
will grow over time. Comments and suggestions for the improvement of this document
into the future are welcomed.
continued over...
Executive summary
The data
The data contained in this document has been collected in two ways. Firstly, pension
schemes in the UK with two or more memberships are required to register with the
regulator. At the point of registration an occupational scheme provides their scheme name
and contact details, their scheme status, membership information, and details about their
employer(s), trustees and advisers.
Secondly, the regulator operates a scheme return process. This is a statutory
requirement, outlined in the Pensions Act 2004. It is the principal means for the regulator
to collect up to date information in regard to occupational pension schemes. The regulator
operates a phased approach to the DC scheme return, with schemes of twelve or more
members completing annually and schemes with two to eleven members completing tri-
annually. Recently the regulator has switched from operating a paper based return to a
web based return. The web based return offers several advantages, one of which is that
schemes can log in to alter their details at any time, (the scheme maintenance process).
Scheme return notices are still sent to schemes annually or triennually as a reminder to
update their details.
The scheme return requests further information for occupational trust-based DC schemes
with 12 or more memberships, such as total contributions over the last year. For more
information regarding the regulators scheme return, visit our website, and view the
Guidance for Trustees document.
1
The size of the data set varies per section depending on the number of schemes which
have supplied the information. In particular for section two (annual contributions) the data
is only requested on the scheme return for occupational trust-based DC schemes with
twelve or more memberships. Therefore, the data presented in section two is a subset of
the overall data. Further information on the size of this subset, and how representative it
is of the landscape, is contained within the relevant section.
Throughout the document data is presented in the form of charts. However, the relevant
tables of information are included for each chart within the appendix. Within the appendix
is further explanation of the types of schemes which are included in each section.
1
http://www.thepensionsregulator.gov.uk/pdf/trusteeGuidance.pdf
Key fndings (As at 31 December 2008)
Overview
A summary of the information contained in this document is provided below:
Scheme demographics
* There are 5,800 pension schemes with twelve or more trust-based DC memberships
registered with the regulator. The majority of occupational trust-based DC schemes
are small, but the majority of memberships are in large schemes.
* 78% of these 5,800 schemes are occupational trust-based DC, the remainder
are hybrid schemes.
* 54% of schemes are open to new memberships, and 70% of schemes are open to
future contributions. Most occupational trust-based DC schemes are still open, to
both new memberships and future contributions, though a signifcant minority are
closed to new members.
* There are 2.37 million occupational trust-based DC memberships registered with
the regulator (of schemes with twelve or more memberships).
* 41% of memberships are in hybrid schemes.
* 56% of memberships are deferred. Most occupational trust-based DC memberships
are deferred, and there are only a small proportion of pensioner memberships,
because at retirement most people buy an annuity in their own name and so cease to
be a member of the scheme.
* 24% of schemes were set up in 1988. The vast majority of occupational trust-based
DC schemes have been established since 1970. In 1988 there was a signifcant peak
in the number of new scheme registrations, and since this time new registrations
have declined year on year.
continued over...
Key fndings continued
Annual contributions (based on subset)
* The average annual contributions are 4,300, of which 79% comes from employer
contributions. The main source for contributions to occupational trust-based DC
schemes is the employer, who contributes more than twice as much as the member
on average. The employer to employee contribution ratio is higher in larger schemes.
Largest 100 schemes
* 81 of the largest 100 occupational trust-based DC schemes (by membership) are
open to new memberships, and a further 16 are still open to future contributions. The
100 occupational trust-based DC schemes with the most memberships are more
likely to be open to new memberships and future contributions than schemes in the
rest of the landscape.
Small schemes
* Over 90% of the occupational trust-based DC pension schemes registered with the
regulator have less than twelve memberships. However, these schemes account for
less than 10% of the memberships.
* 80% of small schemes are open to new memberships, and a further 5% are open
to future contributions. As with the very large schemes, the small schemes are more
likely to be open to new memberships and future contributions than other
occupational schemes in the landscape.
Executive summary
This section presents information on the number of occupational trust-based DC schemes
and memberships registered with the regulator, as well as information relating to the year
in which such schemes were established. It includes both occupational trust-based DC
schemes and hybrid schemes with DC trust-based members. (The exception to this is the
chart on membership status. The return does not request a breakdown by membership
status for DC trust-based memberships of hybrid-dual section schemes, so data on this is
not presented here.)
The information presented in this section is required to be provided by schemes at the
point of registration and updated annually via the scheme maintenance process.
Chart 1a
Effective date spread for membership fgures (12 or more member schemes) by schemes
Quarter
1,200
1,000
800
600
400
200
0
S
c
h
e
m
e
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
(Base: schemes: 5,250, members: 2,301,700 as at 31 December 2008)
The above chart represents the effective date spread for membership information
provided by trust-based DC pension schemes. It shows that the majority of schemes
have provided information for effective dates which fall between the frst quarter 2007
and the frst quarter 2008.
continued over...
Chart 1b
Effective date spread for membership fgures (12 or more member schemes) by members
M
e
m
b
e
r
s
800,000
600,000
400,000
200,000
0
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
Quarter
The above chart represents the effective date spread for membership information pro-
vided by trust-based DC pension schemes. It shows that the majority of members belong
to schemes which have provided information for effective dates between the frst quarter
2007 and the frst quarter 2008.
It should be noted that the information regarding the number of scheme memberships
presented here has been provided at different times, as mentioned either at the point
of registration or via the return. At the point of providing the information each scheme
provides an effective date at which that information was true. In the case of scheme
memberships information 84% of schemes have an effective date for their membership
fgures between 1 January 2006 and 31 December 2008. These 84% of schemes account
for 97% of memberships. The above charts show the distribution of these effective dates
throughout the period.
As previously outlined, the data throughout this section is a representation of the data
held by the regulator as at 31 December 2008.
Chart 1c
Number of 12 or more member occupational trust-based DC schemes (Year on Year)
15,000
10,000
5,000
0
S
c
h
e
m
e
s
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
The above chart displays information on the number of registrable trust-based DC
pension schemes with 12 or more members for every year between 1997and 2008
inclusive. It shows a consistent downward trend from 1997 to 2008.
* As at 31 December 2008 there were 5,800 schemes with 12 or more DC
trust-based members registered with the regulator. Of these, 78% offer solely
DC benefts whilst 22% are hybrid-dual section schemes.
* Over the last 12 years, the peak number of schemes with DC trust-based members
was in 1996, when there were 12,600 registrable schemes. Since then the number of
schemes with DC trust-based members has declined year on year.
Year
Chart 1d
Year schemes established
Year
4,000
3,000
2,000
1,000
0
S
c
h
e
m
e
s
1
9
8
8
1
9
8
9
1
9
9
0
1
9
9
1
1
9
9
2
1
9
9
3
1
9
9
4
1
9
9
5
1
9
9
6
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
The above chart shows the number of new scheme registrations year on year for DC
trust-based schemes from 1988 to 2008. There is a signifcant spike in new registrations
in 1988.
* There were 12 new scheme registrations in 2008. It is possible that there is a
time lag between schemes being established and schemes registering with the
regulator, so it is possible that we will see schemes registering in 2009 which were
established in 2008.
* There was a signifcant peak in occupational trust-based DC scheme registrations in
1988. This was the time of the Income and Corporation Taxes Act (ICTA), which
allowed occupational DC trust -based schemes to contract out of the state second
pension (then SERPS).
* Since 1988 new scheme registrations have declined signifcantly, with less than 200
schemes being registered over the last 5 years.
Chart 1e
Number of 12 or more member DC scheme wind ups (Year on Year)
Year
1,200
1,000
800
600
400
200
0
S
c
h
e
m
e
s
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
(Base: Schemes: 9,240 as at 31 December 2008)
The above chart shows the number of DC scheme wind ups per year from 1997 to 2008.
There is a downward trend from 2005 to 2008, with less wind ups in 2008 than any
preceding year.
* The peak year for scheme wind ups in the period shown is 1998.
* From 1998 to 2001 the number of wind ups reduced each year. They then stayed
relatively constant from 2001 till 2004, before a second peak in 2005.
* Since 2005 the number of wind ups has reduced year on year. There were less
scheme wind ups in 2008 than in any other year shown.
* The regulator commenced a major re-registration process in 2005 and so the second
peak; in wind ups may refect in part the improved data collection procedures.
Chart 1f
Total schemes by scheme size
S
c
h
e
m
e
s
4,000
3,000
2,000
1,000
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
DC Trust
Hybrid-dual section
The above chart shows the number of trust-based DC schemes split by scheme size.
There are more small schemes and fewer large schemes.
* 69% of occupational trust-based DC schemes have between
12 and 99 memberships.
* Whilst there are signifcantly less hybrid-dual section schemes than DC trust-based
schemes, the hybrid schemes tend to be bigger. 70% of schemes with more than
1,000 memberships are hybrid-dual section schemes.
Table A
Status of scheme and description
Open Closed Paid up Winding up Wound up
New memberships New memberships New memberships Fund has begun Scheme is no
are allowed to join are not allowed to are not allowed to the process of longer in existence
the scheme join the scheme join the scheme closing down
Existing Existing Existing New All assets have
memberships are memberships are memberships are memberships are been transferred out
allowed to continue allowed to continue not allowed to make not allowed to
contributing contributing contributions join the scheme
Funds continue Funds continue Funds continue Existing
to be invested to be invested to be invested memberships are
not allowed to
make contributions
Funds continue
to be invested
Chart 1g
Total schemes by scheme status
S
c
h
e
m
e
s
4,000
3,000
2,000
1,000
0
Scheme status
Open Closed Paid up Winding
up
DC Trust
Hybrid-dual section
The above chart shows the number of trust-based DC schemes split by status. The
majority of such schemes are open to new members.
* The majority of occupational trust-based DC schemes (54%) are still open to new
memberships, whilst a further 16% are closed (to new members) but remain open to
future contributions, meaning that 70% of occupational trust-based DC schemes
remain open to future contributions by existing memberships.
* DC trust-based schemes are less likely (70%) than hybrid-dual section schemes
(81%) to be open to future contributions.
* There are 740 schemes in wind-up.
Chart 1h
Memberships by scheme size
DC Trust
Hybrid-dual section
M
e
m
b
e
r
s
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
The above chart shows the number of trust-based DC members split by scheme size.
There is an overall upward trend, with more members in larger schemes and less in
smaller schemes.
* Although the majority of occupational trust-based DC schemes are small, the
majority of memberships are in large schemes. 79% of memberships are in schemes
with 1,000 or more memberships.
* There are just under 2.4 million DC trust-based memberships of occupational
pension schemes with 12 or more members. (This includes active, deferred and
pensioner memberships (see table A on page 18)).
* This fgure does not include former scheme memberships who have had an annuity
purchased in their own name, memberships of DB schemes who have DC additional
voluntary contribution (AVC) benefts, memberships of workplace personal pension
schemes, or memberships of occupational trust-based DC schemes with less than
12 memberships.
* 59% of memberships are in occupational trust-based DC only schemes and a further
41% are in occupational trust-based DC sections of hybrid schemes.
Chart 1i
Memberships by scheme status
DC Trust
Hybrid-dual section
S
c
h
e
m
e
s
2,000,000
1,500,000
1,000,000
500,000
0
Scheme status
up
The above chart shows the number of trust-based DC members split by scheme status.
The majority of members are in schemes which are open to new members.
* 77% of memberships of occupational trust-based DC schemes are in schemes which
are open to new memberships.
* 92% of occupational trust-based DC memberships are in schemes which are open to
future contributions by existing memberships.
* As previously seen, there are currently 740 schemes in wind up (13% of total), but
there are only 95,800 memberships attached to these schemes (4% of total),
suggesting that schemes in wind-up are relatively small.
R
e
s
p
o
n
s
e

r
a
t
e

%
100
80
60
40
20
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
T
o
t
a
l
Chart 1j
Membership status response rates (12 or more member schemes) by % of schemes
The above chart represents the proportion of schemes who have supplied information
regarding the status of their members, as requested by the scheme return. As can be
seen, response rates to this question are generally high (78% overall) but are slightly
lower among schemes with 12 to 99 members (73%). It should be noted that this
response rate does not include hybrid schemes with DC members.
R
e
s
p
o
n
s
e

r
a
t
e

(
%

o
f

m
e
m
b
e
r
s
)
100
80
60
40
20
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
T
o
t
a
l
Chart 1k
Membership status response rates (12 or more member schemes) by % of members
The above chart represents the proportion of members attached to schemes who have
supplied information regarding the status of their members, as requested by the scheme
return. It shows a high response rate of 95%. It should be noted that this response rate
does not include DC members of hybrid schemes.
Chart 1l
Memberships by membership status
Active 40%
Deferred 57%
Pensioner 4%
The above chart shows the membership status split for DC trust-based members. The
majority of members are deferred.
* The majority of occupational trust-based DC memberships are deferred, (57%),
with only 40% being active.
* There is a very small proportion of pensioner members in occupational trust-based
DC schemes. When a member retires they will usually withdraw their assets from the
scheme to purchase an annuity in their own name, meaning they cease to be a
scheme member. The 4% of memberships shown here represents those members
who have had an annuity bought for them in the name of the scheme.
* As outlined above, the response rate for this question means that this data is a
subset of the landscape.
Table B
Status of member and description
Active Deferred Pensioner
A scheme member who is A scheme member who has in A scheme member who has
currently paying in contributions the past, but is no longer, paying entered the decumulation phase
in contributions of their pension
Funds continue to be invested Funds continue to be invested An annuity has been purchased
on their behalf in the name of
the scheme. (If the annuity is
purchased in the name of the
member, then that member ceases
to be a part of the scheme.
Funds continue to attract charges Funds continue to attract charges
Section 2: Annual contributions
This section presents information regarding the annual contributions to occupational trust-
based DC pension schemes registered with the regulator. This includes all occupational
trust-based DC schemes with 12 or more members who have submitted their latest
annual contributions details. Excluded from this analysis are schemes with less than 12
members, hybrid-dual section schemes and schemes who have not provided annual
contribution information.
The information presented in this section is not requested of schemes at the point of
registration, but requested annually via the scheme maintenance process.
Chart 2a
Annual contributions response rate (12 or more member schemes) by % of schemes
R
e
s
p
o
n
s
e

r
a
t
e

%
100
80
60
40
20
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
T
o
t
a
l
(Base: Schemes: 2,810, active members: 506,600 as at 31 December 2008)
The above chart represents the proportion of schemes who have supplied information
regarding their annual contributions, as requested by the scheme return. As can be seen,
response rates to this question are generally high (62% overall) but are slightly lower
among schemes with 12 to 99 members (54%).
Chart 2b
Annual contributions response rate (12 or more member schemes) by % of active members
R
e
s
p
o
n
s
e

r
a
t
e

(
%

o
f

m
e
m
b
e
r
s
)
100
80
60
40
20
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
T
o
t
a
l
(Base: Schemes: 2,810, active members: 506,600 as at 31 December 2008)
The above chart represents the proportion of active members attached to schemes who
have supplied information regarding their annual contributions, as requested by the
scheme return. As can be seen, response rates to this question are generally high (95%
overall) but are slightly lower among schemes with 12 to 99 members (73%).
600
400
200
0
S
c
h
e
m
e
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
Chart 2c
Effective date spread for annual contributions fgures (12 or more member schemes) by schemes
Quarter
(Base: schemes: 2,780, active members: 506,200 as at 31 December 2008)
The above chart represents the effective date spread for contribution information provided
by trust-based DC pension schemes. It shows that the majority of schemes have provided
information for effective dates which fall between the frst quarter 2007 and the frst
quarter 2008.
Chart 2d
Effective date spread for annual contributions fgures (12 or more member schemes) by members
500,000
400,000
300,000
200,000
100,000
0
M
e
m
b
e
r
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
The above chart represents the effective date spread for contribution information
provided by trust-based DC pension schemes. It shows that the majority of members
belong to schemes which have provided information for effective dates between the frst
quarter 2007 and the frst quarter 2008.
It should again be noted that information provided with regard to annual contributions
has been provided at different times. At the point of providing the information each
scheme provides an effective date at which that information was true. For this section all
of the contributions information presented here has an effective date between 1 January
2006 and 31 December 2008.
Quarter
Chart 2e
Average annual contributions per active member by scheme size
Employer
Member
C
o
n
t
r
i
b
u
t
i
o
n
s

(
s
)
5,000
4,000
3,000
2,000
1,000
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
The above chart shows average annual contributions into trust-based DC schemes for
both employers and members, split by scheme size. It shows there is relatively little
difference in average annual contributions based on scheme size.
* The average annual contributions per active member is around 4,400 per year.
* Average annual contributions are generally higher in the smaller and
very large schemes.
* Schemes with 10,000+ members receive signifcantly higher average contributions
per active member than other schemes in the landscape.
* As outlined above, the response rate to this question means that this data is a
subset of the overall landscape.
Chart 2f
Total annual contributions by scheme size
Employer
Member
C
o
n
t
r
i
b
u
t
i
o
n
s

(
m
n
s
)
1,000
800
600
400
200
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
The above chart shows the total annual contributions into trust-based DC schemes
for both employers and members, split by scheme size. It shows there are more
contributions going into larger schemes.
The data presented here is a representation of the data provided by the 62% of schemes
responding to this question, covering 95% of active members.
* The total reported annual contributions paid into occupational trust-based
DC schemes with 12 or more memberships are 2.1bn.
* 38% of annual contributions (869mn) are paid into the 15 schemes with
10,000 or more members.
Chart 2g
Source of contributions by scheme size
Employer
Member
C
o
n
t
r
i
b
u
t
i
o
n
s

(
%
)
100
80
60
40
20
0
Scheme size
1
2

t
o

9
9
1
0
0

t
o

9
9
9
1
,
0
0
0

t
o

4
,
9
9
9
5
,
0
0
0

t
o

9
,
9
9
9
1
0
,
0
0
0
+
The above chart shows the source of contributions breakdown between employers and
members, split by scheme size. It shows that members of smaller schemes tend to
contribute a higher proportion of total contributions than members of larger schemes.
* The employer to employee contribution ratio for the occupational trust-based DC
schemes with 12 or more memberships is 26% from employees and 74%
from employers.
* For schemes with 10,000 or more members the contribution ratio is 14% from
employees and 86% from employers, whilst for the smaller schemes (12 to 99
memberships) the ratio is 36% employee and 64% employer.
* The only schemes which attract contributions are those which are either open, or
closed to new members but open to future contributions. Therefore a split of this data
by scheme status is less useful than in other areas.
This section presents information on the 100 occupational trust-based DC and hybrid-
dual section schemes with the most memberships registered with the regulator. The
analysis is similar to that which has been previously presented for all DC trust-based
and hybrid-dual section schemes with twelve or more DC trust-based members. It
includes both occupational trust-based DC and hybrid schemes with DC trust-based
members. The exceptions to this are the chart on membership status, and data on annual
contributions, for reasons previously given.
The information presented in this section of the document is required to be updated
annually via the scheme maintenance process.
Chart 3a
Effective date spread for membership fgures (100 largest
occupational trust-based DC schemes) by schemes
Quarter
30
20
10
0
S
c
h
e
m
e
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
(Base: schemes: 99, members: 1,228,300 as at 31 December 2008)
provided by the 100 largest trust-based DC pension schemes. It shows that the majority
of schemes have provided information for effective dates which fall between the frst
Chart 3b
Effective date spread for membership fgures (100 largest
occupational trust-based DC schemes) by members
Quarter
400,000
300,000
200,000
100,000
0
M
e
m
b
e
r
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
provided by the 100 largest trust-based DC pension schemes. It shows that the
majority of members belong to schemes which have provided information for effective
dates between the frst quarter 2007 and the frst quarter 2008.
15
10
5
0
S
c
h
e
m
e
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
Chart 3c
Effective date spread for annual contributions fgures
(41 largest occupational trust-based DC schemes) by schemes
Quarter
(Base: schemes: 38, members: 666,500 as at 31 December 2008)
The above chart represents the effective date spread for contribution information
provided by the 41 largest trust-based DC pension schemes. It shows that the
majority of schemes have provided information for effective dates which fall between
the frst quarter 2007 and the frst quarter 2008.
Chart 3d
(41 largest occupational trust-based DC schemes) by members
Quarter
250,000
200,000
150,000
100,000
50,000
0
M
e
m
b
e
r
s
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
8

Q
1
2
0
0
8

Q
2
2
0
0
8

Q
3
2
0
0
8

Q
4
The above chart represents the effective date spread for contribution information provided
by the 41 largest trust-based DC pension schemes. It shows that the majority of members
belong to schemes which have provided information for effective dates between the frst
As previously, the information presented here has been provided at different times, as
mentioned either at the point of registration or via the return. At the point of providing the
information each scheme provides an effective date at which that information was true.
For the scheme data presented here the effective dates for all information (membership
and contributions) is between 1 January 2006 and 31 December 2008. The above charts
show the distribution of these effective dates throughout the period.
Chart 3e
100 largest occupational trust-based DC schemes with most memberships by scheme status
DC Trust
Hybrid-dual section
M
e
m
b
e
r
s
100
80
60
40
20
0
Scheme status
up
The above chart shows the 100 largest trust-based DC schemes split by scheme status.
It shows the majority of the largest trust-based DC schemes are open to new members.
* Of the 100 largest schemes (by membership) with occupational trust-based DC
members, 41 are DC trust-based and 59 are hybrid-dual section.
* There are a greater proportion of the 100 largest schemes (82) open to new
members than for the landscape overall (54%)
* There are a greater proportion of the 100 largest schemes (97) open to future
contributions than for the landscape overall (70%)
Chart 3f
Memberships of 100 largest occupational trust-based DC schemes
with most memberships by scheme status
DC Trust
Hybrid-dual section
M
e
m
b
e
r
s
1,200,000
1,00,000
800,000
600,000
400,000
200,000
0
Scheme status
up
The above chart shows memberships of the 100 largest trust-based DC schemes split by
scheme status. It shows the majority of members belong to schemes which are open to
new members.
* There are 1.24 million members attached to the 100 largest schemes, of which 56%
(690,100) are attached to occupational trust-based DC schemes and 44% (549,000)
are attached to hybrid-dual section schemes.
* A greater proportion of the memberships of the100 largest schemes are in schemes
which are open to new members (84%) than for the landscape overall (77%)
* A greater proportion of the memberships of the 100 largest schemes are in schemes
which are open to future contributions (98%) than for the landscape overall (92%)
Chart 3g
Memberships by membership status for the 41 largest occupational trust-based DC schemes
Active 39%
Deferred 56%
Pensioner 5%
The above chart shows the membership status split for members of the 41 largest DC
trust-based schemes. The majority of members are deferred.
* As with the overall landscape, the majority of members attached to the 41 largest
occupational trust-based DC schemes are deferred.
* There is a slightly higher proportion of pensioner members in the 41 largest
occupational trust-based DC schemes than for the landscape overall.
Chart 3h
Source of contributions to the 41 largest occupational trust-based DC schemes
Member 13%
Employer 87%
The above chart shows the source of contributions breakdown between employers and
members, for the 41 largest trust-based DC schemes.
* Total annual contributions into the 41 largest occupational trust-based DC schemes
were just over 1bn, meaning that the 41 largest schemes account for 47% of total
contributions into DC trust-based schemes with 12 or more members.
* Employers attached to the 41 largest schemes contribute a higher proportion of
overall contributions (87%) than in the landscape overall (76%).
This section presents information on the 50,000 occupational trust-based DC and hybrid-
dual section schemes with between 2 and 11 DC trust-based memberships registered
with the regulator. The analysis is similar to that which has been previously presented
for all occupational trust-based DC and hybrid-dual section schemes with 12 or more
DC trust-based members, with the exception that data on annual contributions for small
occupational trust-based DC schemes is not presented, as the regulator does not request
this information either at the point of registration or via the scheme return for DC trust-
based schemes with less than 12 memberships.
The information presented in this section of the document is required to be provided
by schemes at the point of registration and updated triennually via the scheme
maintenance process.
Chart 4a
Effective date spread for membership fgures (2 to 11 member schemes) by schemes
Quarter
10,000
8,000
6,000
4,000
2,000
0
S
c
h
e
m
e
s
2
0
0
3

Q
1
2
0
0
3

Q
2
2
0
0
3

Q
3
2
0
0
4

Q
1
2
0
0
4

Q
2
2
0
0
4

Q
3
2
0
0
4

Q
4
2
0
0
5

Q
1
2
0
0
5

Q
2
2
0
0
5

Q
3
2
0
0
5

Q
4
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
3

Q
4
(Base: schemes: 46,370, members: 134,900 as at 31 December 2008)
provided by 2 to 11 member trust-based DC pension schemes. It shows that whilst the
majority of schemes have provided information for effective dates which fall between
the frst quarter 2007 and the frst quarter 2008, a signifcant minority have provided
information for effective dates in the frst quarter 2004.
Chart 4b
Effective date spread for membership fgures (2 to 11 member schemes) by members
Quarter
30,000
20,000
10,000
0
M
e
m
b
e
r
s
2
0
0
3

Q
1
2
0
0
3

Q
2
2
0
0
3

Q
3
2
0
0
4

Q
1
2
0
0
4

Q
2
2
0
0
4

Q
3
2
0
0
4

Q
4
2
0
0
5

Q
1
2
0
0
5

Q
2
2
0
0
5

Q
3
2
0
0
5

Q
4
2
0
0
6

Q
1
2
0
0
6

Q
2
2
0
0
6

Q
3
2
0
0
6

Q
4
2
0
0
7

Q
1
2
0
0
7

Q
2
2
0
0
7

Q
3
2
0
0
7

Q
4
2
0
0
3

Q
4
provided by 2 to 11 member trust-based DC pension schemes. It shows that whilst the
majority of members belong to schemes which have provided information for effective
dates between the frst quarter 2007 and the frst quarter 2008, a signifcant minority of
members belong to schemes which have provided information for effective dates in the
frst quarter 2004.
The only effective date relevant for this section is the effective date for membership
fgures. As smaller schemes are only required to complete scheme returns triennually
the effective dates are spread more widely for this section. However, 98% of schemes
included in this analysis have an effective date for their membership fgure between 1
January 2003 and 31 December 2008. The above charts show the distribution of these
effective dates throughout the period.
Chart 4c
Year
60,000
50,000
40,000
30,000
20,000
10,000
0
S
c
h
e
m
e
s
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
The above chart displays information on the number of registrable trust-based DC
pension schemes with 2 to 11 members for every year between 1997 and 2008 inclusive.
It shows a consistent number of schemes across the tme period.
* As at 31 December 2008 there were 50,300 small DC schemes registered with the
regulator. Of these only 300 were hybrid-dual-section schemes, the remainder offer
solely DC benefts.
* The number of small occupational DC schemes has stayed relatively constant from
1997 to 2008. The most in any one year was in 1997, when 52,300 small DC
schemes were registered.
Chart 4d
Small schemes: year established
Year
4,000
3,000
2,000
1,000
0
S
c
h
e
m
e
s
1
9
8
8
1
9
8
9
1
9
9
0
1
9
9
1
1
9
9
2
1
9
9
3
1
9
9
4
1
9
9
5
1
9
9
6
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
The above chart shows the number of new scheme registrations year on year for 2 to
11 member DC trust-based schemes. There is a signifcant spike in new registrations in
1988, and then a bigger spike in 1996.
* As with larger schemes, there is a peak of small scheme registrations in 1988.
* 1988 was the year of the Income and Corporation Taxes Act, which provided greater
tax benefts for occupational pension schemes.
* There is a second peak in new scheme registrations in 1996. Since then new
registrations have declined year on year.
Chart 4e
Number of 2 to 11 member DC scheme wind ups (Year on Year)
Year
4,000
3,000
2,000
1,000
0
S
c
h
e
m
e
s
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
2
0
0
8
(Base: schemes: 35,300 as at 31 December 2008)
The above chart shows the number of small DC scheme wind ups per year between 1997
and 2008 inclusive. There is no signifcant trend, though scheme wind ups have reduced
year on year from 2006 to 2008.
* There were 2,080 small DC scheme wind ups in 2008. Of these only 36 were hybrid-
dual section schemes, whilst the remaining 2,044 offered solely DC benefts.
* There is no signifcant trend throughout the period, although there have been year on
year reductions in the number of DC scheme wind ups since 2006.
Chart 4f
Small schemes by scheme status
DC Trust
Hybrid-dual section
S
c
h
e
m
e
s
50,000
40,000
30,000
20,000
10,000
0
Scheme status
up
The above chart shows the number of 2 to 11 member trust-based DC schemes split by
status. The majority of such schemes are open to new members.
* This chart makes the landscape for small schemes appear much more stable than
for the landscape overall. 80% of small schemes are listed as open to new members,
compared with only 54% of the overall landscape. In addition, only 4% of small
schemes are winding up, compared to 13% for the overall landscape.
Chart 4g
Memberships of small schemes by scheme status
M
e
m
b
e
r
s
120,000
100,000
80,000
60,000
40,000
20,000
0
Scheme status
Open
DC Trust
Hybrid-dual section
Closed Paid up Winding
up
The above chart shows the number of members of 2 to 11 member trust-based DC
schemes split by scheme status. The majority of members are in schemes which are
open to new members.
* This chart emphasises the points made above, the vast majority of small scheme
memberships are in open schemes (78%), and very few are attached to schemes
that are winding up (5%).
Appendix
Source data for charts
Please note: each table corresponds with the chart of the
same title found in the main body of the document.
Table 1a
Effective date spread for membership fgures (12 or more member schemes) by schemes
Table 1b
Effective date spread for membership fgures (12 or more member schemes) by members
Quarter Number of schemes Number of members
2006 Q1 148 8,431
2006 Q2 201 28,544
2006 Q3 132 11,887
2006 Q4 307 181,929
2007 Q1 1,171 642,828
2007 Q2 1,154 627,731
2007 Q3 392 196,416
2007 Q4 692 343,802
2008 Q1 896 193,750
2008 Q2 104 61,124
2008 Q3 30 3,943
2008 Q4 21 1,291
Table 1c
Year Total registrations
1997 12,600
1998 11,700
1999 10,900
2000 10,300
2001 9,900
2002 9,300
2003 8,700
2004 8,000
2005 7,300
2006 6,600
2007 6,100
2008 5,800
Included:
Occupational trust-based DC schemes
with 12 or more members
Hybrid-dual section schemes with 12 or more
occupational trust-based DC members
Wound-up schemes
Excluded:
Occupational trust-based DC schemes
with less than twelve members
Hybrid-dual section schemes with less
than 12 occupational trust-based DC members
Table 1d
Year schemes established
Established year Grand total
1988 3,520
1989 1,210
1990 490
1991 760
1992 580
1993 420
1994 480
1995 410
1996 340
1997 380
1998 180
1999 190
2000 230
2001 340
2002 200
2003 170
2004 100
2005 240
2006 30
2007 20
2008
Disclosive
Table 1e
Number of 12 or more member DC
scheme wind ups (Year on Year)
Wound up year Grand total
1997 740
1998 1,060
1999 970
2000 870
2001 770
2002 780
2003 770
2004 760
2005 970
2006 760
2007 530
2008 350
Appendix
Beneft type 12 99 100 999 1,000 5,000 10,000 + Grand total
4,999 9,999
Defned contribution 3,411 918 163 26 15 4,533
Hybrid 209 571 294 75 103 1,252
Grand total 3,620 1,489 457 101 118 5,785
Included: Occupational trust-based DC schemes with 12 or more members
Hybrid-dual section schemes with 12 or more occupational trust-based DC members
Excluded: Wound up schemes
Occupational trust-based DC schemes with less than 12 members
Hybrid-dual section schemes with less than 12 occupational trust-based DC members
Table 1f
Total schemes by scheme size
Table 1g
Total schemes by scheme status
Beneft type Open Closed Paid up Winding up Grand total
Defned contribution 2,420 615 848 650 4,533
Hybrid 703 321 142 86 1,252
Grand total 3,123 936 990 736 5,785
Beneft type 12 99 100 999 1,000 5,000 10,000 + Grand total
4,999 9,999
Defned contribution 110,725 282,692 319,983 168,875 521,251 1,403,526
Hybrid 6,209 91,379 214,198 123,117 532,604 967,507
Grand total 116,934 374,071 534,181 291,992 1,053,855 2,371,033
Table 1h
Memberships by scheme size
Table 1i
Memberships by scheme status
(Frozen)
Defned contribution 1,043,411 200,447 72,805 86,863 1,403,526
Hybrid 785,939 152,001 20,618 8,949 967,507
Grand total 1,829,350 352,448 93,423 95,812 2,371,033
Scheme size Scheme response rate % Membership response rate %
12 to 99 73% 73%
100 to 999 93% 94%
1,000 to 4,999 96% 96%
5,000 to 9,999 100% 100%
10000+ 93% 98%
Total 78% 95%
Table 1j
Membership status response rates (12 or more member schemes) by % of schemes
Table 1k
Membership status response rates (12 or more member schemes) by % of members
Table 1l
Memberships by membership status
Member status Number of
members
Active 532,349
Deferred 756,573
Pensioner 47,461
Schemes who have not provided a membership status breakdown
Appendix
Table 2a
Annual contributions response rate (12 or more member schemes) by % of schemes
Table 2b
Annual contributions response rate (12 or more member schemes) by % of active members
Scheme size Scheme response rate % Membership response rate %
12 to 99 54% 73%
100 to 999 86% 94%
1,000 to 4,999 94% 98%
5,000 to 9,999 92% 88%
10,000+ 93% 100%
Total 62% 95%
Table 2c
Effective date spread for contributions fgures (12 or more member schemes) by schemes
Table 2d
Effective date spread for contributions fgures (12 or more member schemes) by members
2006 Q1 11 1943
2006 Q2 88 20728
2006 Q3 61 31645
2006 Q4 226 150832
2007 Q1 518 191717
2007 Q2 695 446595
2007 Q3 230 47386
2007 Q4 321 284686
2008 Q1 567 79319
2008 Q2 53 25733
2008 Q3 5 125
2008 Q4 6 898
Table 2e
Average annual contributions per active member by scheme size
Table 2f
Total annual contributions by scheme size
Table 2g
Source of contributions by scheme size
Scheme size 12 99 100 999 1,000 5,000 10,000+ Total
4,999 9,999
Employee contributions
per active member
1,461 1,552 1,192 1,091 625 1,118
Employer contributions
per active member 2,888 2,958 2,587 2,929 3,988 3,238
Total active members 27,231 107,168 133,586 76,015 188,318 532,318
Total annual
employee contributions
39.79m 166.32m 159.16m 82.9m 117.78m 585.98m
Total annual
employer contributions
78.63m 316.95m 345.65m 222.61m 751.09m 1.715bn
Total annual contributions 118.43m 483.28m 504.82m 305.52m 868.88m 2.281bn
Employee cont as % of total 33.6% 34.4% 31.5% 27.1% 13.6% 24.8%
Hybrid-dual section schemes
Occupational trust-based DC schemes who have not
supplied assets and contributions data
Appendix
2006 Q1 0 0
2006 Q2 5,170
2006 Q3 0 0
2006 Q4 7 108,285
2007 Q1 26 366,116
2007 Q2 23 296,705
2007 Q3 7 125,262
2007 Q4 20 197,124
2008 Q1 11 98,027
2008 Q2 4 31,624
2008 Q3 0 0
2008 Q4 0 0
Disclosive
Table 3a
Effective date spread for membership fgures
Table 3b
Effective date spread for membership fgures
Table 3c
Table 3d
2006 Q1 0 0
2006 Q2 5,214
2006 Q3 22,222
2006 Q4 5 68,352
2007 Q1 8 58,462
2007 Q2 13 227,733
2007 Q3 6,870
2007 Q4 6 236,580
2008 Q1 25,396
2008 Q2 15,664
2008 Q3 0 0
2008 Q4 0 0
Disclosive
Table 3e
100 largest occupational trust-based DC schemes with most memberships by scheme status
Defned contribution 33 5 41
Hybrid 48 11 0 0 59
Grand total 81 16 100
Disclosive
Table 3f
Memberships of 100 largest occupational trust-based DC
schemes with most memberships by scheme status
Defned contribution 552,802 116,130 5,150 16,044 690,126
Hybrid 483,075 65,942 0 0 549,017
Grand total 1,035,877 182,072 5,150 16,044 1,239,143
Table 3g
Memberships by membership status for the 41 largest occupational trust-based DC schemes
Member status Number of
members
Active 264,333
Deferred 382,172
Pensioner 32,791
Table 3h
Total contributions to the largest 41 occupational trust-based DC schemes
Source of contributions % of
contributions
Employer 87
Member 13
Appendix
Table 4a
Effective date spread for membership fgures (2 to 11 member schemes) by schemes
Table 4b
Effective date spread for membership fgures (2 to 11 member schemes) by members
2003 Q1 4,518 11,603
2003 Q2 7 16
2003 Q3 17 56
2003 Q4 40 104
2004 Q1 9,466 26,792
2004 Q2 106 349
2004 Q3 74 207
2004 Q4 81 312
2005 Q1 230 764
2005 Q2 689 3,218
2005 Q3 442 2,068
2005 Q4 755 3,442
2006 Q1 1,121 4,848
2006 Q2 1,340 3,665
2006 Q3 969 2,552
2006 Q4 1,328 3,596
2007 Q1 6,952 20,099
2007 Q2 6,231 17,153
2007 Q3 2,741 7,654
2007 Q4 1,328 3,596
2008 Q1 7,413 21,425
2008 Q2 263 727
2008 Q3 161 422
Table 4c
Number of 2 to 11 member occupational
trust-based schemes (Year on Year)
Year Grand total
1997 52,300
1998 51,900
1999 51,800
2000 51,900
2001 51,100
2002 51,400
2003 50,300
2004 50,600
2005 51,100
2006 50,700
2007 50,300
2008 50,300
Table 4d
Small schemes: year established
Established year Grand total
1988 2,500
1989 1,800
1990 1,400
1991 1,700
1992 1,700
1993 1,800
1994 2,200
1995 2,100
1996 3,100
1997 2,300
1998 2,400
1999 2,000
2000 2,000
2001 1,900
2002 1,600
2003 1,500
2004 1,200
2005 1,000
2006 700
2007 500
2008 400
Appendix
Table 4e
Number of 2 to 11 member DC scheme wind ups (Year on Year)
Year Grand total
1997 2,600
1998 3,400
1999 3,300
2000 3,200
2001 3,400
2002 3,000
2003 3,200
200 3,100
2005 2,600
2006 3,200
2007 2,300
2008 2,100
Table 4f
Small schemes by scheme status
Scheme type Open Closed Paid up Winding up Grand total
Hybrid 184 35 29 39 287
Table 4g
Memberships of small schemes by scheme status
Scheme type Open Closed Paid up Winding up Grand total
Hybrid 158 74 51 46 329
How to contact us
The Pensions Regulator
Napier House
Trafalgar Place
Brighton
BN1 4DW
www.thepensionsregulator.gov.uk
www.trusteetoolkit.com
Customer support
Phone: 0870 6063636
9am to 5.30pm, Monday to Friday
Textphone: 0870 2433123
Fax: 0870 2411144
Email: customersupport@thepensionsregulator.gov.uk
DC trust:
A presentation of scheme return data
July 2009
The Pensions Regulator, July 2009
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