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Appendix 5.2: Registered Superannuation Schemes in Force on Scheme Balance Dates in 2005: Analysis by Nature of Scheme


Report of the Government Actuary for the Year Ended 30 June 2006

[ Last Updated 13 November 2006 ]


Private Schemes (Schemes Set up By Individuals for Themselves and Their Immediate Families)
In force on scheme balance dates in the 12 months: Included in (b):
to 31 Dec 1990
(a)
to 31 Dec 2005
(b)
Prior period reports
(c)
Terminating Schemes
(d)
Number of schemes 508 39 1 0
Membership:
Actives 540 58 0 0
Deferreds 10 0 0 0
Pensioners 0 0 0 0
Total members 550 58 0 0
Accounts Summary ($millions):
Opening balance 76.5 29.2 0.0 0.0
Contributions 8.9 0.7 0.0 0.0
Net Investment Income 3.5 2.2 0.0 0.0
Benefit Payments 30.9 0.5 0.0 0.0
Closing balance 58.0 31.6 0.0 0.0
Retail Schemes (Schemes Where Membership is Made Available to the General Public)
In force on scheme balance dates in the 12 months: Included in (b):
to 31 Dec 1990
(a)
To 31 Dec 2005
(b)
Prior period reports
(c)
Terminating Schemes
(d)
Number of schemes 113 120 0 8
Membership:
Actives 234,590 331,231 0 543
Deferreds 369 0 0 0
Pensioners 1,103 2,212 0 0
Total members 236,062 333,443 0 543
Accounts Summary ($millions):
Opening balance 1,343.1 6,640.8 0.0 65.0
Contributions 252.9 785.3 0.0 1.3
Net Investment Income 24.5 371.9 0.0 3.7
Benefit Payments 154.7 1086.6 0.0 67.5
Closing balance 1,465.7 6,711.3 0.0 2.5

Notes:

1. The data in column (b) includes data for schemes which are presumed current but which have not forwarded their annual reports for the balance date in the 12 months to 31/12/05; refer column (c).

2. The data in column (b) includes the latest data for schemes which we have been informed will terminate after the balance date in the 12 months to 31/12/05; refer column (d), which may include some cases in column (c).

3. "Net Investment Income" consists of investment income and realised and unrealised capital gains as recorded in the Statement of Financial Performance, less expenses (including the cost of insurance if any) and taxation.

4. "Benefit Payments" consists of amounts paid by way of pensions, lump sums on retirement, death, disablement, redundancy and withdrawal, and transfers to other schemes less transfers, received from other schemes.

5. Some totals may not add exactly, due to rounding.


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