All Occupational Pension Schemes by Benefit Type ¹
| Size of scheme (No of members) |
No of DC schemes |
No of DB schemes |
No of hybrid schemes |
No unknown |
| 10000+ |
22 |
223 |
51 |
36 |
| 5000 - 9999 |
33 |
142 |
35 |
19 |
| 1000 - 4999 |
231 |
748 |
178 |
73 |
| 100 - 999 |
1,783 |
3,222 |
461 |
275 |
| 12 - 99 |
6,356 |
3,113 |
407 |
799 |
| 2 - 11 |
64,275 |
2,570 |
1,969 |
7,050 |
| Total |
72,700 |
10,018 |
3,101 |
8,252 |
All Occupational Pension Schemes by Number of Members ¹
| Size of scheme (No of members) |
No of members as at 31 March 2004 |
As % of total members |
No of members as at 31 March 2003 |
As % of total members |
| 10000+ |
18,839,924 |
73.7% |
18,304,667 |
72.9% |
| 5000 - 9999 |
1,624,120 |
6.3% |
1,597,427 |
6.3% |
| 1000 - 4999 |
2,647,840 |
10.4% |
2,630,537 |
10.5% |
| 100 - 999 |
1,836,696 |
7.1% |
1,887,245 |
7.5% |
| 12 - 99 |
400,158 |
1.6% |
450,546 |
1.8% |
| 2 - 11 |
221,907 |
0.9% |
241,431 |
1% |
| Total |
25,570,645 |
100% |
25,111,853 |
100% |
Note: a small number of large schemes contain the majority of members. Many of these may be members of more than one scheme. For example, someone may be an “active” member of one scheme and a “deferred” member of several other schemes.
Assets per scheme and assets per scheme member by scheme status and size UK private sector schemes, both open and closed schemes ² :
| Size of scheme (No of members) |
Total assets (£M) |
Average assets per scheme (£M) |
Average assets per member (£ thousands)
|
| 10,000+ |
480,000 |
2,190 |
56 |
| 5,000 - 9,999 |
55,700 |
309 |
42 |
| 1,000 - 4,999 |
82,500 |
80 |
35 |
| 100 - 999 |
58,200 |
12 |
33 |
| 12 - 99 |
11,600 |
1.3 |
23 |
| 2 - 11 |
42,500 |
0.6 |
130 |
| Total |
730,000 |
8.0 |
49 |
The 200 or so largest schemes, with average assets of around £2¼ billion as at mid-2000, are clearly individually very substantial players in the investment arena. They represent about two-thirds of all the assets held by private sector occupational pension schemes. Around 1,500 large and medium-sized schemes have assets above £50 million, and therefore pension schemes form a substantial part of the investment community.
The highest figure for assets per scheme member occurs among the smallest schemes – this can be explained by considering that these are often arrangements set up for a few highly-paid executives in a company (the so-called "Top Hat" schemes).
¹ OPRA: Pension Schemes in the UK, 2004 ² Occupational pension schemes 2000 – eleventh survey by the Government Actuary
Preliminary results for private sector schemes August 2002
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