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Financial summary and membership of the Scheme

Each year, the Trustee produces its Report and Accounts. This shows the financial development of the Scheme over the year. The Report and Accounts also include a Chair’s Satement. This Assesses the Trustee’s knowledge and understanding of the Scheme, its value for members, and its charges and transaction costs. Read the Chair's Statement on the Aviva website.

You can see a summary of the Report and Accounts below for the year ending 31 March 2023.

Income	£m
Contributions and transfers in	97.9
Investment and other income	4.4
Income total	102.3

Expenditure	£m
Pensions and other benefits paid	17.5
Leavers' payments	83.6
Expenses	2.8
Decreases in market value	33.5
Expenditure total	137.4

You can find a copy of the Report and Accounts in the Document library.

Membership numbers

Here’s how the membership of the Scheme changed over the year to 31 March 2022 to 31 March 2023.

As at 31 March 2022
Active members	18,959
Deferred members	18,838
As at 31 March 2023
Active members	18,403
Deferred members	20,358

An update on the Lifetime Allowance

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA)...

April 2024