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I am presently completing the final stage of my MSc in Human Resource Management - the Dissertation! I have decided to do my dissertation on the topic of Pensions and, in particular, I am focusing on the Final Salary (Defined Benefit) Pension Scheme.


I know that you are all busy but I would be very grateful if you could assist me in this research by completing a simple questionnaire which is attached. The information you give will kept completely confidential and will be deleted as soon as I have completed this dissertation.


If possible I would like the completed questionniare back by 4th April 2005.


I thank you in advance for your help in this matter, it is greatly appreciated.

Please start with the survey now by clicking on the Continue button below.

Best wishes,

Joyce Turner
 
 
(Q1) What is the size of your company?
 
 
Under 50
 
50 to 250
 
250 to 500
 
500 to 1000
 
1000 to 5000
 
Over 5000
 
 
(Q2) Which industry sector are you in?
 
 
Public Administration, Education & Health
 
Banking, Finance & Insurance
 
Manufacturing
 
Construction
 
Oil & Gas Service Industry
 
Oil & Gas Operator
 
Distribution
 
Retail Sector
 
Hotels & Restaurants
 
Service Industry
 
Utilities
 
Transport
 
Communication
 
Other (please specify)
 
 
(Q3) Do you currently offer a pension arrangements to your employees?
*  
 
Yes
 
No
 
 
(Q4) If the answer is No to question 3, have you ever offered a pension arrangement to your employees?
*  
 
Yes
 
No
 
Not applicable
 
 
(Q5) If you currently offer a pension arrangement, have you ever offered a different pension arrangement, and if so what was this arrangement?
 
 
Not applicable
 
Final Salary (define benefit) scheme
 
Money Purchase (defined contribution) scheme
 
Group Personal Pension
 
Stakeholder Pension
 
Other (please specify)
 
 
(Q6) If the answer is Yes to question 3, what type of pension arrangement(s) do you offer? You may wish to tick more than one.
 
 
Final Salary (define benefit) Scheme
 
Money Purchase (define contribution) Scheme
 
Group Personal Pension
 
Stakeholder Pension
 
Hybrid Pension
 
Other (please specify)

 
 
(Q6a) Do you make employer contributions to the scheme, and if so how much?
 
 
No contribution
 
UP to 3%
 
Up to 5%
 
Up to 10%
 
Over 10%
 
Like for like basis
 
Differs each year dependent on fund requirements
 
Double employee contribution up to a maximum amount of
 
 
 
(Q7) If the answer is Yes to question 4, what type of pension arrangement(s) did you offer?
 
 
Not applicable
 
Final Salary (define benefit) Scheme
 
Money Purchase (defined contribution) Scheme
 
Group Personal Pension
 
Stakeholder Pension
 
Other (please specify)
 
 
(Q8) What are the main reasons for choosing your pension type?
 
 
Fixed contribution from employer
 
Easy to administer
 
Simple legislation
 
Portability
 
The scheme has always been there
 
Final Salary is a better benefit for the employee
 
Employees have more individual choice
 
Other (please specify)

 
 
The next set of questions are for Final Salary Schemes, please go to question 14 if you do not or never have had a Final Salary Defined Benefit Scheme in place for your employees.
 
 
 
 
(Q9) If you offer a Final Salary Pension, how long has the scheme been in place?
 
 
Under a year
 
Under 3 years
 
Under 5 years
 
Under 10 years
 
Over 10 years
 
 
(Q10) If you offered a Final Salary Scheme in the past did you close the scheme to
 
 
All members
 
Only new members
 
 
(Q11) How long ago is it since you closed the scheme?
 
 
1 year
 
Between 1 and 3 years
 
Between 3 and 5 years
 
Between 5 and 8 years
 
Over 8 years
 
 
(Q12) Why did you close the scheme? (You may choose more than one)
 
 
Funding deficits
 
Increase in employers contributions
 
Mobility of workforce
 
Impending and new pension legislation
 
Media publicity about pension scandals
 
Other (please specify)

 
 
(Q13) Would you ever consider offering a Final Salary Scheme again?
 
 
Yes
 
No
 
Maybe
 
 
(Q13a) What are the main reasons for your answer to question 13
 
 
 
Reason:
 
 
(Q14)Do you believe that you market your pension provision well within your company?
 
 
Yes
 
No
 
 
(Q15) How do you market your scheme?
 
 
Regular Pension clinics
 
One to ones with Financial Advisors
 
Information on Company Intranet
 
Yearly newsletters
 
Other (pleae specify)

 
Please contact: Joyce Turner at [email protected] if you have any questions regarding this survey.
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