Scheme facts and figures
These facts and figures are taken from the HIPS Annual Report & Accounts. You can request a copy of the report if you’d like more information.
Scheme membership
| Active members | Deferred members | Pensioner members | |
| At 1 January 2024 | 3,504 | 3,713 | 183 |
| At 31 December 2024 | 3,601 | 3,753 | 182 |
Scheme finances
| £000 | |
| Fund value at 1 January 2024 | 274,212/311,222 |
| Funds paid in: | |
| Employer contributions | 18,156/19,168 |
| Member contributions | 2,260/3,744 |
| Transfers in | 309/190 |
| Other income | 4/3 |
| TOTAL: | 20,729/23,105 |
| Funds paid out: | |
| Retirement lump sums | (1,166)/(2,462) |
| Annuity purchases | (2,094)/(4,518) |
| Death benefits | (1,497)/(723) |
| Transfers out | (8,659)/(15,299) |
| Administration expenses | (347)/(523) |
| TOTAL: | (13,763)/(23,525) |
| Investment returns | 30,704/42,439 |
| Net increase in fund value | 37,655/42,007 |
| Transfer to the DB section | (645)/(68) |
| Fund value at 31 December 2024 | 311,222/353,161 |