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Release: Pension Trends, Chapter 9: Pension scheme funding and investment, 2013 edition

Released: 23 April 2013

Contact

David Knight

Pensions Analysis Unit

pensionsanalysis@ons.gov.uk

Telephone: +44 (0)1633 455633

Categories: Economy, Personal Finances, Pensions

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • The value of assets held in UK funded pensions was £2040.7 billion in 2011 (135% of GDP). Self-administered pension funds, most of which are associated with defined benefit occupational pension schemes, accounted for 71% of the total (Figure 9.1).
  • Self-administered pension funds now include insurance-managed funds; they excluded them in the previous publication. On a like-for-like excluded basis, self-administered pension funds account for 66% of assets held in UK pension funds in 2011, up from 55% in 2009.
  • The aggregate funding position of schemes in the Pension Protection Fund’s 7800 index – funded defined benefit occupational pension schemes, mostly in the private sector – measured on an s179 basis moved from a surplus of £50.1 billion in January 2011 to a deficit of £317.0 billion in May 2012, later moving to a deficit of £201.5 billion in February 2013 (Figure 9.3).
  • After falling in 2007 and 2008, total contributions to self-administered pension funds increased rapidly in 2009, 2010 and 2012, mainly because of a rise in employers’ ‘special contributions’, such as deficit payments (Figures 9.5 and 9.6).
Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
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