Each year the Trustee produces a report and a set of accounts.
* Figures shown are for the period 1 April 2019 to 31 March 2020.
Each year the Trustee produces a report along with an audited set of accounts. The latest accounts are for the period from 1 April 2019 to 31 March 2020. Payments to members, either as pension payments or as lump sums at retirement, increased this year to £109.4 million. A £6 million increase on the previous year. Similarly, transfer value payments (where a member decides to transfer their benefits from the Fund to another approved pension arrangement) were also higher in the 12 months to 31 March 2020 (£51.8 million) compared to the previous 12 months (£31 million). We would encourage any member who is considering transferring to read the article on pension scams.
The total return on our investments (before any allowance for investment management expenses) was £339.5 million, which contributed to an overall increase in the value of the Funds’ assets of £269.4 million to £6,540.9 million.
Fund accounts
Between April 2019 and March 2020, Fund assets increased from £6,271.5 million to £6,540.9 million.
Each year the Trustee produces a report and a set of accounts. A full copy of the latest accounts, for the period 1 April 2019 to 31 March 2020, can be found in the Legal Documents section in the Library.
The payments in and out of the Fund over the year to 31 March 2020 is shown below:
| Nationwide Section | £m | Cheshire & Derbyshire Section | £m |
| Total assets 1 April 2019 | 5,935.6 | Total assets 1 April 2019 | 335.9 |
| Money paid in | + | Money paid in | + |
| Employer contributions | 125.7 | Employer contributions | 0.0 |
| Member contributions# | 0.2 | Member contributions | 0.0 |
| Member additional contributions | 1.6 | Member additional contributions | 0.0 |
| Return on investments | 304.4 | Return on investments | 35.1 |
| Total income | 431.9 | Total income | 35.1 |
| Money paid out | - | Money paid out | - |
| Pension payments | (82.3) | Pension payments | (6.1) |
| Lump sums on retirement | (20.4) | Lump sums on retirement | (0.6) |
| Lump sum death benefits | (0.8) | Lump sum death benefits | 0.0 |
| Leavers | (48.0) | Leavers | (3.8) |
| Administration & investment expenses | (35.1) | Administration & investment expenses | (0.5) |
| Total outgoings | (186.6) | Total outgoings | (11.0) |
| Total assets at 31 March 2020 | 6,180.9 | Total assets at 31 March 2020 | 360.0 |
#Excludes salary sacrifice contributions of £11.3 million (included in employer contributions)
