Annex 4: The Fund’s Target Service Levels for service to members

ServiceTarget KPILegal Requirement 100%
New starter welcome letter80% within 15 working daysTwo months from start date.
Transfer in quote80% within 15 working daysTwo months from date of request to provide quote.
Transfer in confirmation80% within 15 working days 
Benefit estimate85% within 15 working daysNo more than two months from date of request unless there has been a request in the last 12 months.
Annual Pension Statement95% issued annually (by 31 August)31st August each year.
Retirement quote90% within 20 working daysNo more than two months from date of initial notification (from employer or member).
Retirement confirmation & payment90% within 15 working days 
Death acknowledgment90% within 5 working daysAs soon as possible or no more than two months from initial notification.
Death confirmation & payment90% within 10 working days 
Early leavers with over 2 years service80% within 25 working daysNo more than two months from date of initial notification (from employer or member).
Refund quote90% within 10 working daysNo more than two months from date of initial notification (from employer or member).
Refund confirmation & payment90% within 10 working days 
Transfer out quote80% within 15 working daysNo more than three months from the date of request.
Transfer out confirmation & payment80% within 15 working days 
Changes of details95% within 5 working days 
Divorce quote80% within 15 working daysNo more than three months from the date of request.
Divorce confirmation80% within 15 working days 
Pension Payments100% RTI reporting to HMRC must be completed on or before the pension payment is received.