Reference Case Number: FOI9687
Freedom of Information: Right to know request:
In relation to your recent Retirement income market data 2021/22 data release on 6 October, could you please publish the aggregated Retirement Income Stock Data you collected in Part 1, questions 4-16, of the REP016 retirement income market study data return, for the period March 2021 - March 2022.
FCA response:
The data provided in the table below has been aggregated for all firms who submitted the REP016 return to the FCA. The data covers the period 1 April 2021 to 31 March 2022.
|
Ref |
Label |
Value |
|---|---|---|
|
4A |
How many defined contribution (DC) pension plans do you have in accumulation where the plan holder is aged 55 or over and has not accessed their pension? : Contract |
£8,273,610 |
|
4B |
How many defined contribution (DC) pension plans do you have in accumulation where the plan holder is aged 55 or over and has not accessed their pension? : Trust |
£2,247,934 |
|
5A |
How many DC pension plans do you have with only uncrystallised assets where the plan holder is aged 55 or over and has at any time taken a lump sum payment via uncrystallised funds pension lump sum (UFPLS) ? : Contract |
£72,280 |
|
5B |
How many DC pension plans do you have with only uncrystallised assets where the plan holder is aged 55 or over and has at any time taken a lump sum payment via uncrystallised funds pension lump sum (UFPLS) ? : Trust |
£11,663 |
|
6A |
How many DC pension plans do you have in accumulation where the plan holder is aged under 55 years old? : Contract |
£20,674,500 |
|
6B |
How many DC pension plans do you have in accumulation where the plan holder is aged under 55 years old? : Trust |
£8,776,808 |
|
7A |
How many DC pension plans do you have which are still solely in accumulation (uncrystallised) and have a guaranteed income benefit such as a guaranteed annuity rate (GAR), deferred annuity option, or guaranteed minimum pension (GMP)? : Contract |
£846,035 |
|
7B |
How many DC pension plans do you have which are still solely in accumulation (uncrystallised) and have a guaranteed income benefit such as a guaranteed annuity rate (GAR), deferred annuity option, or guaranteed minimum pension (GMP)? : Trust |
£88,045 |
|
8A |
What is your total value of uncrystallised assets under administration (AUA) in DC pension plans? (£) : Contract |
£946,459,776,185 |
|
8B |
What is your total value of uncrystallised assets under administration (AUA) in DC pension plans? (£) : Trust |
£130,142,615,090 |
|
9A |
How many DC pension plan holders do you have over 55 years old that have partly crystallised their pension plan (e.g. phased or drip feed drawdown)? : Contract |
£577,474 |
|
9B |
How many DC pension plan holders do you have over 55 years old that have partly crystallised their pension plan (e.g. phased or drip feed drawdown)? : Trust |
£18,487 |
|
10A |
How many drawdown (capped and flexi) plans do you have where 100% of the funds are crystallised? : Contract |
£963,593 |
|
10B |
How many drawdown (capped and flexi) plans do you have where 100% of the funds are crystallised? : Trust |
£24,172 |
|
11A |
How many drawdown plans do you have where a PCLS has been paid but no income has ever been taken? : Contract |
£534,730 |
|
11B |
How many drawdown plans do you have where a PCLS has been paid but no income has ever been taken? : Trust |
£17,058 |
|
12A |
What is the total value of crystallised assets under administration (AUA) in DC pension plans? (£) : Contract |
£213,463,947,697 |
|
12B |
What is the total value of crystallised assets under administration (AUA) in DC pension plans? (£) : Trust |
£9,429,072,208 |
|
13A |
In total how many annuities do you currently have in payment? : Contract |
£6,981,733 |
|
14A |
What was the total income paid on all your annuities in payment during the reporting period? (£) : Contract |
£15,225,106,579 |
|
15A |
What is the total number of plans where the plan holder made regular withdrawals by drawdown or UFPLS? : Contract |
£424,007 |
|
16A |
What is the total number of plans where the plan holder made ad hoc partial withdrawals by drawdown or UFPLS? : Contract |
£196,216 |