Our product performance as a pension provider.


Our purpose is to enable customers to save for a pension to provide them an income for life in retirement. The table shows performance over the past 3 years and commentary on current trends.

 

2009

2010

2011

Number of customers whose pension we're responsible for paying every month

514,248

556,494

613,015

Total pension payments per annum

£890,000,000

£1,018,000,000

£1,126,000,000

Average pension payments per year

£1,731

£1,829

£1,837

Current Trends

In 2011, our average payment to pensioners was £1,837 per annum. We are a major annuity provider, and expect to play a significant role in pensions auto-enrolment.

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