These facts and figures are taken from the latest HIPS Annual Report & Accounts signed off in 2024. You can request a copy of that report if you’d like more information.Scheme membership Active membersDeferred membersPensioner membersAt 1 January 20233,3413,597183At 31 December 20233,5043,713183Scheme finances £000Fund value at 1 January 2023274,212Funds paid in: Employer contributions18,156Member contributions2,260Transfers in309Other income4TOTAL:20,729 Funds paid out: Retirement lump sums(1,166)Annuity purchases(2,094)Death benefits(1,497)Transfers out(8,659)Administration expenses(347)TOTAL:(13,763) Investment returns30,704Net increase in fund value37,655Transfer to the DB section (645)Fund value at 31 December 2023311,222
