These facts and figures are taken from the HIPS Annual Report & Accounts. You can request a copy of that report if you require more information. Scheme membership At 1 January 2020: 3,409 active members 2,764 deferred members 174 pensioners At 31 December 2020: 3,314 active members 2,967 deferred members 175 pensioners Scheme finances £000 Fund value at 1 January 2020 236,193 Funds paid in: Employer contributions 18,684 Member contributions 1,524 Transfers in 115 TOTAL: 20,323 Funds paid out: Retirement lump sums -584 Annuity purchase -921 Death benefits -488 Refunds of contributions 2 Transfers out -7,047 Administration expenses -468 TOTAL: -9,506 Investment returns 22,338 Net increase in fund value 33,155 Transfers between sections -3,445 Fund value at 31 December 2020 265,903
