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Key Facts

Pension Fund Investment and Scheme Funding
Pension fund assets 2006
Self-administered schemes’ assets 1965-2005
FTSE350 pension deficits
Value of employers’ contributions to self-administered schemes
DB schemes’ strategic asset allocation

 

Pension fund assets 2006

It is estimated that UK pension fund assets totalled almost £1.6 trillion at the end of 2006.

 

 

 

Source: Pension Fund Indicators 2006 , UBS Global Asset Management, June 2007, p73. The latest official ONS estimate puts that the combined value of self-administered schemes’ assets at £970 billion at the end of 2005.

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Assets in self-administered pension funds

  Cash terms (£bn) 2005/06 prices (£bn)
1965 5.3 70.7
1975 16.6 91.3

1985

170.9 348.0

1995

513.0 659.4
2005 970.3 970.3

Source: Calculated using ONS series RYIR and HM Treasury GDP deflators

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DB schemes’ strategic asset allocation

Source: NAPF Annual Survey 2006; data is weighted to reflect the value of assets under management in the schemes surveyed.

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Pension deficits

  April 2003 April 2004 April 2005 April 2006 April 2007
FTSE 350 FRS17 deficit> £93.7bn £72.2bn £75.5bn £42.5bn £17.7bn
FTSE 350 FRS17 funding level 74% 81% 82% 91% 96%

Source: Watson Wyatt Pension Deficit Index; data is for the end of the month shown

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Value of employers’ contributions to self-administered schemes

  Cash terms (£bn) % of GDP
2000 10.7 1.1%
2001 11.4 1.1%
2002 14.3 1.4%
2003 20.9 1.9%
2004 25.4 2.2%
2005 31.2 2.5%
2006 33.9 2.6%

Source: ONS series RKST and YBHA

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