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Estimated market coverage for CMI SAPS investigation

FOI reference - 5335
Date - 21/10/2020


A request for the following information:

“…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…”


“…a list of DB master trusts…”


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.