2nd November 2017 Anna Rogers comments in Professional Pensions on the potential dangers of biometrics in scheme administration
In October the Pensions Administration Standards Association (PASA) called on trustees to take more interest in the development and use of biometrics.
Biometrics electronically identifies individuals using unique features such as voice, fingerprint, facial or iris recognition.
The administration body argued the adoption of biometrics by schemes could drive efficiencies and better meet member needs in the long term – predicting that, as time goes on, this kind of technology would gain popularity and become an essential investment for schemes.
Anna Rogers commented that she sees upsides to biometrics but also warned:
“The use of data is more secure for members as long as the scheme does not lose it. If the scheme loses data on iris, voice or fingerprint recognition, then I suppose that is more damaging than if bank account, date of birth or national insurance number details are lost.”
Read the full article in Professional Pensions here
The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. ARC Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.