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
