The BIS was introduced as part of AFPS15 to give all serving personnel an annual snapshot (on or around their birthday) of their pension entitlements accrued to date.
This was a good idea, because it brought MOD in line with current best practice elsewhere in the pensions industry. However, the statement has not been well understood and has not been set out as clearly as it might have been. As such the MOD is undertaking a review of the whole BIS system.
FPS will contribute to this and would appreciate any views from members about the utility or otherwise of the current statement.