Financial review - DC

31 March 2020

Summary account for the year ended 31 March 2019 (DC Sections only):

£000s

Paid in

Company contributions

5,746

Employee contributions5,515

Transfers in

632

Other income

217

Total paid in

12,110

Paid out

Benefits paid or payable

(1,345)

Payment to and on account of leavers

(4,007)

Administration expenses

(2)

Total paid out

(5,354)

Net additions/(withdrawals) from dealings with members

6,756

Returns on investments

Investment income

1

Change in market value of investments

6,002

Net returns on investments

6,003

Net increase in the Fund during the year

12,759

Transfers between sections

(78)

Net assets of the Plan as at 1 April 2018

94,809

Net assets of the Plan at 31 March 2019

107,490

Membership statistics for the DC Section:

Active members

Deferred members

Pensioner members

Total

Members at 1 April 2018

1,793

2,062

-

3,855

Members at 31 March 2019

1,850

2,130

-

3,980

Please note that due to reporting deadline, opening figures have been adjusted when compared to previous years.

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