Annual Benefit Statement survey 2018
As detailed in FPS Bulletin 11 – August 2018, a survey of the 2018 ABS process has been developed in collaboration with the SAB Local Pension Board effectiveness committee. A summary of last year’s survey findings are available here.
In an improvement to the 2017 survey, the committee approved funding for a short web-based questionnaire, which will allow more in-depth analysis of the process and support provided. We are now pleased to launch the 2018 survey and would be grateful for your responses by 31 October 2018.
The survey should be completed by FRAs, administrators, those involved with Local Pension Boards, and any other stakeholders with an interest in the ABS process. We welcome multiple replies from FRAs to enable us to build up a comprehensive picture of the current landscape.
Local Pension Board Survey
Between 28 November 2017 and 26 January 2018, FRAs and their Local Pension Boards (LPBs) were invited to participate in a web-based survey to monitor the progress of LPBs since their establishment in legislation. The survey was designed to measure the engagement and compliance of boards, and to establish where targeted support could be offered to assist local boards.
During the survey period 37 total responses were received from 32 of the 44 LPBs, equating to an overall response rate of almost 73%. The results of the survey have now been collated and analysed, and we are pleased to present the final research report.