These facts and figures are taken from the latest HIPS Annual Report & Accounts signed off in 2024. You can request a copy of that report if you’d like more information.
Scheme membership
| Active members | Deferred members | Pensioner members | |
| At 1 January 2023 | 3,341 | 3,597 | 183 |
| At 31 December 2023 | 3,504 | 3,713 | 183 |
Scheme finances
£000 | |
| Fund value at 1 January 2023 | 274,212 |
| Funds paid in: | |
| Employer contributions | 18,156 |
| Member contributions | 2,260 |
| Transfers in | 309 |
| Other income | 4 |
| TOTAL: | 20,729 |
| |
| Funds paid out: |
|
| Retirement lump sums | (1,166) |
| Annuity purchases | (2,094) |
| Death benefits | (1,497) |
| Transfers out | (8,659) |
| Administration expenses | (347) |
| TOTAL: | (13,763) |
|
|
| Investment returns | 30,704 |
| Net increase in fund value | 37,655 |
| Transfer to the DB section | (645) |
| Fund value at 31 December 2023 | 311,222 |