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Scheme leaver details

Scheme leavers (members)

The information in this section is asked for on a voluntary basis for this year while we test a new set of questions.

Please provide the total number of members who have left the scheme in the 12-month period leading up to the date at which the most recent membership information has been provided. Please then separate this into the following categories:

  1. Members who left the scheme to access their benefits (decumulation) without using a partnership arrangement. A partnership arrangement is a formal arrangement (that goes beyond simply referring members) between the scheme and another scheme or another pension provider, in order to provide access to decumulation product(s) to their members.

    You should include all scheme members who are taking decumulation benefits outside of a trust-based pension scheme with a third party.

  2. Members who left the scheme to access their benefits (decumulation) using a partnership arrangement. A partnership arrangement is a formal arrangement (that goes beyond simply referring members) between the scheme and another scheme or another pension provider, in order to provide access to decumulation product(s) to their members.

    You should include all scheme members whose money has been transferred to another pension scheme to provide their decumulation benefits. If scheme members have their benefits provided by the scheme, please do not include them here, but rather include them as pensioner members in the scheme.

  3. Members who transferred to a master trust due to the scheme winding up or considering winding up – to include all members who have transferred their assets to a master trust scheme. This type of transfer is initiated by the scheme. Please do not include here any members who have taken short service refunds.

  4. Member-initiated transfers to another pension scheme or provider – to include all members who have initiated a transfer to another workplace pension scheme as an active or deferred member. A common reason for this would be a member consolidating their pots.

  5. Members leaving the scheme for another reason - to include all members who have left the scheme within the last year for some reason other than retirement or transferring to another trust-based scheme.

    This could include:
    • members who have opted out of automatic enrolment
    • members who have short service refunds

Scheme leavers (assets) - for schemes with 12 or more DC members

Please provide the total amount of money which has left the scheme in the 12- month period up to the latest scheme year end date. Please then separate this into the following categories:

  1. Members who left the scheme without using a partnership arrangement. A partnership arrangement is a formal arrangement (that goes beyond simply referring members) between the scheme and another scheme or another pension provider, in order to provide access to decumulation product(s) to their members.

    This question will only capture members decumulating in other occupational schemes, and it captures members intentions rather than members behaviour.

    You should include the total amount of money transferred out of the scheme on behalf of members who are taking decumulation benefits outside of a trust-based pension scheme with a third party.

  2. Members leaving a scheme using a partnership arrangement. A partnership arrangement is a formal arrangement (that goes beyond simply referring members) between the scheme and another scheme or another pension provider, in order to provide access to decumulation product(s) to their members.

    You should include the total amount of assets transferred out of the scheme on behalf of members who have transferred to another pension scheme to access decumulation benefits. If the scheme member has their benefits provided by the scheme, please do not include this here.

  3. Members transferred to a master trust due to the scheme winding up or considering winding up – to include the total amount of assets transferred out of the scheme on behalf of members who have transferred their assets to a master trust scheme. This type of transfer is initiated by the scheme. Please do not include here any money in respect of members who have taken short service refunds.

  4. Members leaving the scheme for another reason – to include the total amount of assets from members who have left the scheme for some reason other than retirement or transferring to another scheme.

    This could include:
    • members who have short service refunds
    • members who have died (including members who have died and had their retirement benefits paid by the scheme)

    Please note that this is not an exhaustive list.

    You should also include money paid by the scheme in respect of members who have left the scheme for any other reason.

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