Statistics
The Pension Service of the Velocity Interoperability Network publishes statistics on the membership of the Network Pension Scheme, the contributions it receives and the benefits it pays. This first release records the position at establishment on 6 September 2026 and the records transferred to the Service by member organisations during the transition period from 10 August to 5 September 2026.
The figures are drawn from the returns supplied by participating member organisations, from the records of the predecessor arrangements transferred to the Service, and from the Service's own register. Figures at establishment are provisional and will be revised in the next release as outstanding queries with employers are resolved.
Membership at establishment. The figures below record the scheme at the point of establishment.
- 14,280
- Contributing members at establishment on 6 September 2026
- 46
- Participating member organisations employing contributing members
- 1,145
- Members holding deferred pensions transferred from predecessor arrangements
- 212
- Pensions in payment, first paid by the Service on 30 September 2026
Contributing members are the members of staff of participating member organisations who are in pensionable service and paying contributions. Deferred members hold pensions earned under the predecessor arrangements of 31 member organisations that were transferred to the scheme in bulk during the transition period, and are no longer in pensionable service. The 212 pensions in payment were likewise transferred and continue on the terms on which they were previously paid.
Contributing members by age. The age profile of the contributing membership is shown below. The average age is 41. The 151 members aged 65 and over include 118 who have passed the normal pension age and may retire without reduction on any date.
| Age band | Members | Share of members |
|---|---|---|
| Under 25 | 1,084 | 7.6% |
| 25 to 34 | 3,970 | 27.8% |
| 35 to 44 | 4,113 | 28.8% |
| 45 to 54 | 3,400 | 23.8% |
| 55 to 64 | 1,562 | 10.9% |
| 65 and over | 151 | 1.1% |
| All contributing members | 14,280 | 100.0% |
Contributing members by employer. Forty-six member organisations employ contributing members. The two largest account for 6,300 members between them, or 44 per cent of the contributing membership; seventeen employ fewer than fifty members each.
| Contributing members employed | Member organisations | Contributing members |
|---|---|---|
| Fewer than 50 | 17 | 486 |
| 50 to 199 | 14 | 1,634 |
| 200 to 499 | 9 | 2,890 |
| 500 to 999 | 4 | 2,970 |
| 1,000 or more | 2 | 6,300 |
| All participating member organisations | 46 | 14,280 |
Profile of the membership. The figures below record further features of the membership at establishment.
- 41
- Average age of contributing members
- 1,548
- Contributing members aged 56 or over, who may retire at any time
- 3,415
- Members whose prior service was transferred into the scheme in bulk
- 99.1%
- Contributing member records received that were validated by establishment
Records transferred during the transition. Between 10 August and 5 September 2026 member organisations sent the Service their staff records, the records of their predecessor pension arrangements and the pensions those arrangements were paying. The table below shows the records received, those validated in time for establishment, and those still under query with the employer concerned. Records under query will be added to the register when resolved and reported in the next release.
| Record | Received | Validated | Under query |
|---|---|---|---|
| Contributing members | 14,412 | 14,280 | 132 |
| Transferred-in service | 3,571 | 3,415 | 156 |
| Deferred members | 1,190 | 1,145 | 45 |
| Pensions in payment | 218 | 212 | 6 |
The Service will publish membership statistics quarterly. The next release, covering the quarter ending 5 December 2026, will be published in December 2026 and announced in the Newsroom. It will add figures on contributions received, retirements awarded and the Service's performance against its service standards. For the distribution of members across the contribution tiers, see Contributions; for the milestones of the reporting cycle, see History. Questions about these figures may be sent to contact@pensions.gov.vin.