mast image

Impact Investing

IPE special report May 2018

Sections

UK pension schemes took e26bn in contribution holidays

UK – UK pension schemes took contribution holidays or contribution reductions worth a total of 17.9 billion pounds (26 billion euros) during the 1987-2001 period, according to government data.

Over the period 2,881 schemes took contribution holidays worth 13.2 billion pounds, while 1,566 schemes made contribution reductions worth 4.7 billion pounds.

The data, on the government’s taxation department’s website, also shows that just 174 schemes made contribution holidays for employees – totalling 262 million pounds. And 256 schemes made 851 million pounds worth of employee contribution reductions, the Inland Revenue says.

There was a nine billion pound increase in benefits over the period, made by a total of 1,835 schemes.

For the most recent period for which data is available, 1998-2001, just 106 schemes have targeted 129 million pounds worth of contribution holidays. And just seven schemes in this period have an employee contribution holiday – valued at one million pounds.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here