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Summary: Pension Trends – Chapter 9: Pension Scheme Funding and Investment, 2013 Edition

Released: 23 April 2013 Download PDF

Assets held in funded pensions, 2011

United Kingdom

Assets held in funded pensions, 2011
Source: Office for National Statistics

Notes:

  1. Information on self-administered pension funds is from ONS's series: Investment by Insurance Companies, Pension Funds and Trusts. Information on insurance company assets held in pensions is from the Financial Services Authority (insurance companies' pension reserves, net).
  2. Occupational pensions administered by insurance companies, accumulation phase: assets of insurance-managed funds have been subtracted from this category because they are shown as part of self-administered pension funds.
  3. Insurance company administered personal pensions comprise individual and group personal (including stakeholder) pensions. They exclude Self Invested Personal Pensions (SIPPs).
  4. Figures may not sum to total due to rounding.

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The value of assets held in UK pensions in 2011 was £2,040.7 billion (135% of GDP). Self-administered pension funds held the largest share of these assets, at £1,444.0 billion (71%) in 2011.

Contributions to self-administered pension funds, 1992 to 2012

United Kingdom, £ billion

Contributions to self-administered pension funds, 1992 to 2012
Source: Office for National Statistics

Notes:

  1. The data in this figure are not adjusted for inflation.

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Total contributions to self-administered pension funds (in nominal terms) have risen between 1992 and 2012. Although employee contributions remained flat over the period, employers’ normal and special contributions have risen markedly over the period.

Normal contributions from employers rose from under £5 billion in 1992 to £25.5 billion in 2012. Employers’ special contributions (e.g. deficit reduction payments) started to increase from 1999 and peaked at £13.2 billion in 2006, before falling to £11.9 billion in 2007 and £6.8 billion in 2008. In 2009, special contributions by employers rose to £10.0 billion and in 2012 they reached £19.4 billion.

Source: Office for National Statistics

Background notes

  1. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

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

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