§ Mr. StephenTo ask the Parliamentary Secretary, Lord Chancellor's Department what are the key performance targets for the Public Trust Office executive agency for 1997–98. [21622]
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§ Mr. StreeterThe following table sets out the key performance targets that the Lord Chancellor has set for the Public Trust Office for 1997–98.
Public Trust Office Key performance indicators and targets 1997–98 Indicator Target 1. To carry out accounting transactions within target times. To bring to account at least 98.5 per cent. of receipts and payments transactions within turnaround targets by volume weighted performance. 2. To achieve investment targets. To pay annually not less than the rate provided by the average of a model set of comparators for special and basic rate at 75 per cent. of special rate; on an annual basis to ensure that 85 per cent. of all measured funds perform in line or better than their model based on stock market indices; on a three year rolling basis to ensure that 80 per cent. of all measured funds perform in line or better than their model based on stock market indices. 3. To achieve charter standards. To achieve 98 per cent. of charter standards. 4. To achieve unit costs in activity areas. The cost per unit to be £195.65. 5. Percentage of full costs recovered. To ensure that 100 per cent. of full costs are recovered. Fuller details of the agency's targets are given in its business plan, which is available from the Public Trust Office.