04 Feb What are the figures on the Trustee Report for?
AVERAGE CONTRIBUTIONS PER MEMBER:
The average columns for the “From” and the “To” date uses the same criteria to decide which instructions to include for the calculation of the average.
The criteria is:
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- The instruction should be any kind of investment (this includes once-offs, cash transfer ins, recurrings etc.)
- The investment should be in a new, rejected or in progress state
- The investment should be the investment created closest (but before) the date specified in the column heading.
NUMBER OF EMPLOYERS:
includes active employers for which the activation date is on or before the column’s date.
TOTAL NUMBER OF MEMBERS:
includes active members for which the activation date is on or before the column’s date (note that a member can be active, without having any instruction yet).
TOTAL VALUE OF EMPLOYERS CONTRIBUTIONS:
for each group go through all active and new members and get the last new or in progress instruction on (or before) the date in the column. Get the amount of this instruction and total all the amounts to get the value for one group. Then total all the group values to get the “Total value of employers contributions”
TOTAL ASSETS UNDER MANAGEMENT:
For each group get the total the amounts of all instructions in the group retirement annuity product (including transfers) invested in the date range starting from inception and ending at the date specified in the column.