Pensions Briefing – General Data Protection Regulation (GDPR) review for pension schemes

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From May 25, 2018, the requirements of the GDPR will apply to corporate
entities and individuals that control or process personal data, including
trustees of pension schemes. The GDPR will impose obligations that are
more onerous than those under current legislation, and failure to comply
could result in significant fines or other sanctions. A wide range of parties is
involved in providing benefits through a pension scheme and preparation
for compliance with the GDPR will require advance planning and
implementation. Pension scheme trustees should, therefore, consider what
actions need to be taken now.

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