Accounts overview
Each year the Trustee publishes its Annual Report and Accounts, which are audited by Crowe U.K. LPP.
Headlines
The value of the Scheme assets at 1 October 2021 -
£4.687 billion
The value of the Scheme assets at 30 September 2022 -
£3.047 billion
Benefits paid from 1 October 2021 to 30 September 2022* -
£132.4 million
The total number of members at 30 September 2022# -
15,715
The value of the Scheme’s assets fell by approximately £1.6 billion during the year, however there was also a reduction in the Scheme’s liabilities of approximately £1.4 billion over the same period. For more information about the Scheme’s financial health, please refer to the Summary Funding Statement, which can be found in the Library section of the Scheme website.
* This includes the total pensions paid from the Scheme plus any lump sums paid either at retirement or following a member’s death plus any transfers to other arrangements in the period from 1 October 2021 to 30 September 2022.
# This includes all Active, Deferred and Pensioner members (including Dependents receiving a pension following a member’s death) at 30 September 2022.
You can view or download the full audited Report and Accounts for the year ended 30 September 2022 from the Library section.
