These facts and figures are taken from the HIPS Annual Report & Accounts. You can request a copy of that report if you would like more information.
Scheme membership
|
|
Active members |
Deferred members |
Pensioner members
|
|
At 1 January 2022:
|
3,202 |
3,331 |
179 |
|
At 31 December 2022
|
3,341 |
3,597 |
183 |
Scheme finances
|
|
£000
|
|
Fund value at 1 January 2022
|
305,327 |
|
Funds paid in:
|
|
|
Employer contributions |
16,835 |
|
Member contributions |
1,884 |
|
Transfers in |
36 |
|
Other income |
2 |
|
TOTAL: |
18,757 |
|
|
|
|
Funds paid out:
|
|
|
Retirement lump sums |
1,106 |
|
Annuity purchases |
1,144 |
|
Death benefits |
1,328 |
|
Transfers out |
9,723 |
|
Administration expenses |
(525) |
|
TOTAL: |
|
|
|
|
|
Investment returns |
(34,153) |
|
Net increase in fund value |
(29,222) |
|
Transfer to the DB section |
(1,893) |
|
Fund value at 31 December 2022 |
274,212 |