sport-england-2016-17-annual-report-and-accounts

executive directors’
remuneration
The following sections provide details of the
remuneration and pension interests of the
Executive Directors.
Salary
‘Salary’ includes gross salary, performance
pay and any other allowances to the extent
that they are subject to UK taxation. In 2016–17
all employees, including Executive Directors,
received an average 1 per cent pay award
(2015-16: 1 per cent); with a limited number
of staff (excluding Executive Directors) receiving
(in line with government policy) a fixed amount
(£200) of performance related pay.
Bonus
Performance pay or bonuses are based on
performance levels attained, are made as part
of the appraisal process and are subject to HM
Treasury Civil Service Pay Guidance. There
have been no non-consolidated performance or
bonus payments in either 2016–17 or 2015–16.
Benefits in kind
The monetary value of benefits in kind covers
any benefits provided by the employer and
treated by the HMRC as a taxable emolument.
There were no benefits in kind for either of the
two years contained in this report.
Pension benefits
Pension benefits are provided through various
schemes.
The value of pension benefits accrued during
the year is calculated for members of the LPFA
as the real increase in pension multiplied by 20,
plus the real increase in any lump sum less the
contributions made by the individual. The real
increases exclude increases due to inflation, or
any increase or decrease due to a transfer of
pension rights. Lisa O’Keefe is the only Executive
Director who is a member of the LPFA scheme.
The Aviva Group Personal Pension Plan
(GPPP) opened for staff on 1 April 2012. Funds
were transferred across to the GPPP from the
previous AEGON fund which had commenced
on 1 October 2005. Four Executive Directors are
members of the scheme. Colleagues choose to
make one of four levels of contribution into their
personal pension fund. This scheme includes
death in service life assurance cover of three
times salary. Since 2014 new staff are auto
enrolled into the scheme.
Employee and employer contribution rates for
the above schemes are detailed in note 22
of the Exchequer accounts and note 13 of the
Lottery accounts.
For one member of the Executive team, Sport
England contributes 10 per cent of their annual
basic salary to a personal pension plan.
Colleagues may also choose to contribute to
the GPPP and personal pension plans through
salary exchange arrangements.
The value of pension benefits accrued during
the year for all personal pension plan members
is the total pension contributions made by the
employer.
The London Pension Fund Authority
Superannuation Scheme (LPFA) was closed
to new members on 30 September 2005.
Benefits are based on final salary and accrue
at a rate of 1/80th per year to 31 March 2008,
1/60th per year from 1 April 2008 until 31 March
2014, and on a career average salary basis from
1 April 2014.
Accountability Report