Stakeholder survey results - June 2018
Published 1 June 2018
Applies to England
Introduction
- This is the first stakeholder survey we have conducted since 2013
- We have sought the views of registered providers and other stakeholders on a range of issues
- In future, we intend to conduct a similar survey annually
- We will use the results to inform our performance monitoring, continuous development of our operational approach and our corporate planning
Responses
- 363 stakeholders started the survey but only 237 completed every section
- The survey was sent out to approximately 1,300 stakeholders, giving a 28% response rate
- 94% of the respondents are RPs
- A further 15 categorised themselves as a ‘trade body’, ‘lender’ and as ‘other’
- Due to low response rate of non RPs, stakeholders were reclassified into small RPs (<1,000 units), large RPs (≥1,000 units) and other stakeholders
- As the ‘other’ group is so small, results from this group should be considered carefully
Question 1: Which stakeholder group do you fall into? | Count |
---|---|
Registered Provider of Social Housing | 222 |
Other | 9 |
Trade body | 5 |
Lender | 1 |
Investor or credit rating agency | 0 |
Total | 237 |
Number of complete responses by edited stakeholder type
Stakeholder type | |
---|---|
Small RP | 105 |
Large RP | 117 |
Other | 15 |
Profile of respondents
- 47% of the 222 surveys completed by RPs were completed by small providers
- 53% were completed by large providers, with most having less than 10,000 units
RP respondents by stock size | |
---|---|
<1,000 units | 47% |
1,000 - 9,999 units | 32% |
10,000 - 29,999 units | 13% |
30,000 - 49,999 units | 5% |
50,000+ units | 3% |
Section 1 – Regulatory framework (Question 5)
Question 5: How far do you agree that: | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
a) the regulator’s approach is co-regulatory | 21 | 71 | 5 | 3 |
b) the regulator meets its objectives to be proportionate and minimise interference | 22 | 69 | 6 | 3 |
c) the regulatory framework and our approach to regulation are consistent with our objectives on economic regulation | 23 | 71 | 3 | 2 |
d) the regulatory framework and our approach to regulation are consistent with our objectives on consumer regulation | 14 | 73 | 10 | 3 |
overall | 20 | 71 | 6 | 3 |
- 91% of respondents answered Question 5 positively
- The most positively answered sub-question was (c) - 95% answered strongly agree or agree
- The least positively answered sub-question was (d) – 87% answered positively but 10% disagreed compared with 3-6% for other sub-questions
- Responses were fairly similar across stakeholder groups
Section 1 – Regulatory framework (Question 6)
Question 6: Which of the following do you find helpful in getting information about the requirements of the regulatory framework: | % Very helpful | % Helpful | % Not very helpful | % Unhelpful |
---|---|---|---|---|
a) information on our website | 23 | 62 | 13 | 2 |
b) presentations by the RSH at conferences, seminars etc. | 26 | 57 | 11 | 5 |
c) direct engagement with the regulator | 37 | 47 | 12 | 4 |
Overall | 29 | 55 | 12 | 4 |
- 85% of respondents answered Question 6 positively
- All sub-questions were answered equally positively, with some difference in which was ‘very helpful’ vs ‘helpful’
- 37% of respondents reported that direct engagement was very helpful
- Large RPs answered this question most positively
Positive responses to Question 6 by stakeholder group
Stakeholder type | Percentage |
---|---|
Small RP | 80% |
Large RP | 90% |
Other | 82% |
Section 1 – Regulatory framework (Question 7)
Question 7: How far do you agree that a document such as the Governance and Financial Viability Code of Practice is useful in clarifying what we are looking for when seeking assurance on compliance with the Governance and Financial Viability Standard? | |
---|---|
Strongly agree | 25% |
Agree | 65% |
Disagree | 7% |
Strongly disagree | 3% |
- 90% of respondents answered Question 7 positively
- Small RPs disagreed with the question more than other stakeholder groups (14% compared with 5% of large RPs)
Q7 responses by stakeholder
Stakeholder type | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
Small RP | 22 | 64 | 10 | 4 |
Large RP | 29 | 66 | 3 | 2 |
Other | 30 | 60 | 5 | 5 |
Section 2 – Regulatory approach (Question 8)
Question 8: Has Regulating the Standards been useful in clarifying our approach to regulation? | |
---|---|
Yes | 93% |
No | 7% |
- 93% of respondents answered ‘yes’ to this question
- Large RPs have found the ‘Regulating the Standards’ document more useful than small RPs
Q8 responses by stakeholder type
Stakeholder type | % Yes | % No |
---|---|---|
Small RP | 87 | 13 |
Large RP | 98 | 2 |
Other | 95 | 5 |
Section 2 – Regulatory approach (Question 10)
Question 10: How familiar are you with the key elements of our ‘In Depth Assessment’ (IDA) model? | |
---|---|
Very familiar | 36% |
Quite familiar | 27% |
Not very familiar | 22% |
Not at all familiar | 15% |
- Only 63% of respondents said they were familiar with the IDA model
- This was much higher across large RPs almost – 98% said they were familiar with the model
Q10 responses by stakeholder type
Stakeholder type | % Very familiar | % Quite familiar | Not very familiar | Not at all familiar |
---|---|---|---|---|
Small RP | 3 | 29 | 40 | 29 |
Large RP | 73 | 26 | 2 | 0 |
Other | 20 | 30 | 30 | 20 |
Section 2 – Regulatory approach (Question 11 and 13)
Question 11: Have you had an IDA? | Yes | No | Not an RP |
---|---|---|---|
Small RP | 4% | 94% | 2% |
Large RP | 72% | 28% | 0% |
Other | 0% | 15% | 85% |
All | 34% | 59% | 7% |
- 37% of all respondents reported that they had had an IDA – 86 large RPs and 5 small RPs
- For those who had an IDA, 87% answered Question 13 positively
Question 13 (those who had an IDA) How far do you agree that: | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
a) the IDA has helped you to identify areas for improvement | 31 | 53 | 14 | 2 |
b) the IDA focused on the key risk areas for your business | 45 | 45 | 6 | 3 |
Overall | 38 | 49 | 10 | 3 |
- 90% of respondents agreed that the IDA had focused on key risk areas
Section 3 – Delivery and practice (Question 15)
Question 15: How far do you agree that: | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
a) our approach to regulation is risk-based and assurance-based | 26 | 68 | 4 | 1 |
b) this approach is reflected in your experience of being a regulated RP or how you understand RPs are regulated | 29 | 65 | 6 | 1 |
overall | 27 | 67 | 5 | 1 |
- 95% of respondents agreed with Question 15
- Both sub-questions were answered equally positively
- Large RPs answered most positively – only 3% disagreed with either sub-question
Overall Q15 responses by stakeholder type
Stakeholder type | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
Small RP | 19 | 74 | 5 | 2 |
Large RP | 34 | 63 | 3 | 0 |
Other | 41 | 41 | 13 | 6 |
Section 3 – Delivery and practice (Question 16)
Question 16: From your experience, how far do you agree that you are clear about any information and / or evidence you are asked to provide and why? | |
---|---|
Strongly agree | 24% |
Agree | 65% |
Disagree | 9% |
Strongly disagree | 2% |
- 89% of respondents agreed with Question 16
- Large RPs answered most positively overall
- 36% of large RPs strongly agreed with Question 16 compared with 13% of small RPs
Q16 responses by stakeholder type
Stakeholder type | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
Small RP | 13 | 73 | 11 | 4 |
Large RP | 36 | 55 | 8 | 0 |
Other | 19 | 75 | 0 | 6 |
Section 3 – Delivery and practice (Question 17)
Question 17: From your engagement with our staff, how far do you agree that regulatory staff understand the nature and complexity of the sector? | |
---|---|
Strongly agree | 23% |
Agree | 62% |
Disagree | 12% |
Strongly disagree | 2% |
- 85% of respondents agreed with Question 17
- Large RPs agreed more strongly than small RPs
- Almost all ‘other’ stakeholders agreed with this question – only 1 disagreed
Q17 responses by stakeholder type
Stakeholder type | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
Small RP | 14 | 66 | 16 | 4 |
Large RP | 29 | 61 | 10 | 1 |
Other | 44 | 50 | 0 | 6 |
Section 4 – The regulator (Question 19)
- 83% of respondents find the regulator’s publications useful
- The Sector Risk Profile was the most useful publication – 61% find this very useful
Q19 responses by publication
Publication | % Very useful | % Somewhat useful | % Not very useful | % Not at all useful |
---|---|---|---|---|
Quarterly Survey | 24 | 55 | 18 | 3 |
Sector Risk Profile | 61 | 29 | 7 | 3 |
Statistical Data Return | 26 | 57 | 14 | 3 |
Global Accounts | 37 | 41 | 17 | 5 |
Regulatory judgements/notices | 42 | 46 | 10 | 3 |
Consumer Regulation Review | 25 | 54 | 16 | 4 |
Overall | 36 | 47 | 14 | 3 |
Section 4 – The regulator (Question 19)
- Large RPs find the regulator’s publications most useful - 92% answered this question positively overall
- Small RPs find RJs and RNs most useful – 83% find this publication useful
- 93% of large RPs find the Global Accounts useful, compared with only 62% of small RPs
Q19 positive responses by publication and stakeholder type
Publication | Small RP | Large RP | Other |
---|---|---|---|
Quarterly Survey | 68 | 91 | 73 |
Sector Risk Profile | 80 | 98 | 87 |
Statistical Data Return | 82 | 85 | 80 |
Global Accounts | 62 | 93 | 73 |
Regulatory judgements/notices | 83 | 92 | 80 |
Consumer Regulation Review | 72 | 90 | 53 |
Overall | 74 | 92 | 74 |
Section 4 – The regulator (Question 20)
Question 20: How would you prefer to hear about the latest publications, announcements and any other news from the regulator? | Yes | No |
---|---|---|
Direct letter / email | 81% | 19% |
Website alert | 36% | 64% |
Stakeholder meeting / speech | 29% | 71% |
Trade press article / column | 18% | 82% |
E-newsletter | 45% | 55% |
Other (please specify) | 3% | 97% |
- A direct letter/email is the preferred communication for 81% of respondents
- Trade press was the least preferred method of communication
- Informal engagement, interactive webinars, more digital communication were all quoted under the ‘other’ option
- There was some variation in the communication preferences of different stakeholder groups
Q20 preferred communication method by stakeholder group
Method of communication | Small RP | Large RP | Other |
---|---|---|---|
Direct letter/email | 79% | 83% | 73% |
Website alert | 30% | 40% | 40% |
Stakeholder meeting/speech | 11% | 41% | 53% |
Trade press article/column | 11% | 21% | 40% |
e-newsletter | 44% | 49% | 27% |
Other | 1% | 4% | 7% |
Section 4 – The regulator (Question 21)
Question 21: How far do you agree that the regulator takes action where it can to ensure confidence in the sector is maintained, and access to finance on competitive terms continues? | |
---|---|
Strongly agree | 27% |
Agree | 66% |
Disagree | 6% |
Strongly disagree | 1% |
- 93% of respondents agreed with Question 21
- All stakeholder groups responded equally positively with some differences in how strongly they agreed
- 31% of large RPs strongly agreed with the question – compared with 18% of small RPs
- All but 1 ‘other’ stakeholder agreed with the question
Q21 responses by stakeholder group
Stakeholder type | % Strongly agree | % Agree | % Disagree | % Strongly disagree |
---|---|---|---|---|
Small RP | 18 | 74 | 7 | 1 |
Large RP | 31 | 62 | 7 | 0 |
Other | 53 | 40 | 0 | 7 |
Section 4 – The regulator (Question 22 and 23)
Question 22: Are you aware of the Government’s proposals to establish the regulator as a standalone body? | |
---|---|
Yes | 81% |
No | 19% |
- 81% of respondents were aware of the plans to become standalone
- This is 13 points lower for small RPs
Q22 proportion of yes responses by stakeholder
Stakeholder type | % yes responses |
---|---|
Small RP | 68 |
Large RP | 93 |
Other | 87 |
Question 23: In your opinion, will the move to the regulator becoming a standalone body have a positive or negative impact on the effective regulation of the sector? | |
---|---|
Positive | 55% |
No impact | 35% |
Negative | 10% |
- 55% of respondents think the RSH becoming standalone will have a positive impact
- This is slightly lower for small RPs for which 13% think the change will have a negative impact
Q23 responses by stakeholder group
Stakeholder group | % Positive | % No impact | % Negative |
---|---|---|---|
Small RP | 43 | 44 | 13 |
Large RP | 62 | 30 | 8 |
Other | 80 | 20 | 0 |
Commentary
As well as quantitative data, the survey provided opportunities for respondents to comment on a number of the questions. Only a minority of respondents provided comments and these were very varied but some themes that emerged from those comments were:
- some providers want more informal engagement with the regulator
- requests for less jargon and technical language in our publications
- a majority of positive comments on In Depth Assessments (well prepared, constructive and fair), but some criticisms too (not tailored, missed some issues, too slow)
- While the majority of respondents expressed the view that the regulator’s staff understood the sector, some suggested ways in which staff could deepen their understanding of RPs’ businesses
What we will do in the short term
We will use the survey results to inform the following aspects of our current work:
- our new learning and development strategy;
- a more differentiated approach to IDAs and other regulatory engagement; and
- ensuring that as far as possible our publications are written in plain English and we restrict the use of terminology to where it is absolutely necessary.
Next steps
- We will conduct another survey in 2019
- We will include some of the same questions to enable comparison
- In the meantime we will use the results of this survey to inform the Regulator of Social Housing’s first corporate plan as a standalone body
- This will include performance measures based on the survey
- We have shared the results with our operations teams and they will reflect on the results in their work planning and development plans
Regulator of Social Housing
0300 124 5225
The Regulator of Social Housing regulates registered providers of social housing to promote a viable, efficient and well-governed social housing sector able to deliver homes that meet a range of needs.