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