The number of schemes and net asset values are set out in tabular form below. Neither the Pensions Authority nor my Department collates data on the average return on schemes.
|
-
|
No. of schemes
|
Net asset value
|
|
Defined Contribution Schemes
|
70,700
|
€35bn.
|
|
Defined Benefit Schemes
|
640
|
€60.8 bn.
|
|
PRSAs (number of contracts)
|
264,664
|
€6.3bn.
|
Scheme data are based on the scheme registration data submitted to the Pensions Authority by regulated entities.
The number of DB and DC schemes and PRSAs is as 31 December 2017.
The asset value for DC scheme assets is an estimation based on the Annual Scheme Information returns submitted to the Pensions Authority by regulated entities.
The asset value for DB schemes is based on the Annual Actuarial Data Returns (AADRs) which have been submitted to the Pensions Authority by 31 March 2017. The effective date of each AADR is the end date of the relevant scheme year. As different schemes have different scheme year end dates, this means there is no single return date for the data. The effective dates are spread over the 2015 and 2016 calendar years. The average return date was February 2016. For simplicity, the data in this report is referred to as the 2016 data. No adjustments have been made to the data to allow for the different reporting dates, e.g., total assets reported have not been adjusted to estimate what might have been the asset value at a particular date. A report on DB schemes 2016 statistics was published on 8 August 2017 on the Pension Authority’s website.
I hope this clarifies the matter for the Deputy.
