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scheme size

E

examstudent

Member
Hi

In DB pensions, what size of scheme (in terms of assets e.g £800 m, £900m) etc would be considered small?


Thanks
 
I think that one's a matter of perspective...!

None of the schemes I've been involved in have anything near that amount.... Off the top of my head I'd say the average size I work with is definately under 5m. But then I'm not thinking too fast today...;)

Decided to have a look on the web and found this:

http://www.actuaries.org.uk/__data/assets/powerpoint_doc/0009/22797/Capper.ppt

look at slide 5.

I know it doesn't completely answer your Q, seeing as you were after assets not people.
 
From my experiences, I'd call a scheme with ongoing liabilities of between £1m and £2m to be small. Could be around 15 to 20 members, potentially.

The largest I've dealt with is in the region of £40m. In the grand scheme of things, I'd call that a "medium-sized" one.
 
I would say that very large schemes are > £1 bn
Large schemes £250m-£1 bn
Medium schemes £50m-£250m
and small schemes <£50m

There are some absolutely massive schemes around with assets/liabilities over £30 bn - but I agree there are also some very small SSASs etc with assets <£500,000
 
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