CARRIER (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2020
FUND ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
All amounts in tables are in £ thousands unless otherwise stated.
Note
2020
2019
Contributions and other income Employer contributions
1,534
2,382
Employee contributions
10
42
Total contributions
4
1,544
2,424
Benefits and other outgoings Benefits Payments to and on account of leavers
5 6 7 8
2,766 5,271
2,521 5,143
Administrative expenses
702
533
Other payments
6
24
8,745
8,221
Net withdrawals from dealings with members
(7,201)
(5,797)
Net returns on investments Investment Income
9
1,244 7,616 (184)
1,390
Change in market value of investments Investment management expenses
10 11
15,906
(93)
8,676
17,203
Net increase in the fund
1,475
11,406
Opening net assets at 1 January
125,418
114,012
Closing net assets at 31 December
126,893
125,418
The notes on pages 16 to 29 form part of these financial statements.
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