FOI reference - 5335
Date - 21/10/2020
Request
“…information to help us estimate market coverage for the CMI SAPS investigation…we would like figures as at 1 July 2013 and 1 July 2020…”
and
“…a list of DB master trusts…”
Response
I can confirm that we hold information falling within scope of your request. However, we are unable to supply some of the information requested for the reason set out below.
Information we are able to supply
Statistical summaries of Schemes as of 1 April 2020 and 1 April 2013
| 1 April 2020 | ||
|---|---|---|
| Pensioner group | Schemes | Pensioner members |
| A: fewer than 500 | 4,645 | 431,227 |
| B: 500 to 1,000 | 377 | 264,436 |
| C: 1,000 to 2,499 | 290 | 454,177 |
| D: 2,500 to 4,999 | 161 | 565,958 |
| E: 5,000 and more | 169 | 2,875,462 |
| 1 April 2013 | ||
|---|---|---|
| Pensioner group | Schemes | Pensioner members |
| A: fewer than 500 | 5,829 | 481,567 |
| B: 500 to 1,000 | 369 | 264,223 |
| C: 1,000 to 2,499 | 296 | 462,407 |
| D: 2,500 to 4,999 | 141 | 488,023 |
| E: 5,000 and more | 182 | 3,146,169 |
Information we are not able to supply
The 'Master Trust' legal definition only refers to schemes that provides money purchase benefits (DC) (Pensions Act 2017 clause 1(1)). Thus our list of approved master trusts would only relate to schemes that provide money purchase benefits (DC schemes or DC sections of Hybrid schemes) and not Defined Benefit (DB) schemes. Therefore there is no legal definition for Non-associated mjulti-employer schemes providing DB.
I can confirm that we do hold the information required to identify such schemes. However, we are unable to publish this information as it is Restricted under section 82 of Pensions Act 2004.