Pension payouts £2.6bn more than contributions received in Q2 - ONS

The payments made comprised of pensions payable gross of income tax, lump sums payable on retirement and death benefits. According to the ONS's MQ5: Investment by insurance companies, pension funds and trusts April to June 2018 document unveiled today, in Q1 2018, £13.9bn of payments were made, and £12.7bn of contributions were received among the funds which were involved in the study. The MQ5 data looks at the investment choices of insurance companies, self-administered pension funds, investment trusts, unit trusts and property unit trusts that control £4trn of assets and engage in c...