Key Statistics

Key Statistics


Income and Expenditure

Income and Expenditure
  As at 31st March 2020
(£m)
As at 31st March 2019
(£m)
Employer Contributions 115.6 112.2
Employee Contributions 61.4 58.7
Transfers in 17.0 11.0
Investment Income 206.1 193.5
Profit and Loss on disposal of investments and changes in the value of investments 1.4 781.5
Total income 401.5 1,156.9
Pensions Paid 239.3 226.5
Retirement Lump Sums 42.0 43.0
Death Lump Sums 5.8 5.8
Transfers Out 20.5 15.8
Refunds 1.3 0.6
Admin Management and Governance Costs 65.0 76.3
Total Expenditure 373.9 368.0
Net increase in the net assets available for benefits during the year 27.6 788.9

Asset Allocation

Asset Allocation
  As at 31st March 2020
(£m)
As at 31st March 2019
(£m)
Fixed interest securities 142.5 110.7
Index linked securities - 283.6
Pooled investment vehicles 6,913.5 7,043.2
Pooled property investments 1,130.1 124
Private equity 12.5 -
Direct property 110.2 761.9
Cash deposits 108.8 67.1
Loan investments 3 -
Investment income due 8.8 3.9
Net investment assets 8,429.4 8,394.4

Membership Statistics

Membership Statistics
31 March 2020 Lancashire County Pension Fund 31 March 2019
313 Number of employers with active members1 300
140 Number of ceased employers (no active members but some outstanding liabilities) 133
  Number of active scheme members2  
25,614 County Council 25,721
28,340 Other employers 27,422
53,954 Total 53,143
  Number of pensioners  
25,497 County Council 24,692
25,674 Other employers 24,651
51,171 Total 49,343
  Number of deferred pensioners2  
36,753 County Council 37,691
36,272 Other employers 36,299
73,025 Total 73,990
178,150 Total membership3 176,476

1 includes employers for whom admission to the Fund is in progress

2 March 2019 membership numbers have been adjusted to transfer 5,089 pending leavers as at that date from active membership category to deferred membership category.  An adjustment of 2,985 pending leavers has been made at 31 March 2020.

3 March 2020 membership numbers vary from the Local Pensions Partnership Annual Administration Report for the year ended 31 March 2020 due to the dates at which the reports were produced.


Net Assets of the Scheme

Net Assets of the Scheme
31 March 2020 (£m) Lancashire County Pension Fund 31 March 2019 (£m)
8,437.7   8410.1