Agenda item

PENSION FUND ADMINISTRATION - PERFORMANCE INDICATORS FOR QUARTER AND RISK REGISTER

Minutes:

The Pensions Manager presented the report.

 

He advised that the number of employers in the Fund had increased by 65 in the quarter, the majority of these being academy conversions and the associated creation of Transferee Admitted Bodies following the outsourcing of catering and cleaning contracts, and that a further 69 new employers were in the pipeline.

 

There had been a marginal improvement in performance over the quarter, but many Service Level Agreement Key Performance Indicators remained below target. However, statutory legal requirements for which performance information is available are being satisfied. Officers are developing a further suite of reports comparing performance against SLA targets with performance against legal requirements, which should be available at the next meeting of the Committee. The project to clear the backlog of early leaver cases had been completed.

 

Officers had developed a report to measure compliance with TPR requirements in relation to common and specific data. Errors by and large relate to active members. Employers are notified about these by means of a quarterly data exception report and there are follow up calls.

 

The increasing of electronic data communication by employers will have a significant favourable impact on workload. Leaver forms will no longer be required for all types of leaver, as the majority of notifications will refer to deferred members. The use of electronic data should lead to a great increase in accuracy, as information can be provided to members directly from the employer’s payroll data.

 

A Member asked whether there was any estimate of the final number of employers in the Fund. The Head of Business, Finance and Pensions replied that he would estimate that there would be 500 employers by 2020. There was evidence of consolidation of the academy support service providers and of the merging of academies into multi-academy trusts, which would help keep the number of individual employers in check.

 

RESOLVED to note:

 

1.  membership data, Fund and Employer performance for the 3 months to 31st December 2017;

 

2.  progress and reviews of the TPR Data Improvement Plan.

Supporting documents: