Pension schemes necessarily hold a great deal of data about members, former members and often their families and other dependants. A significant proportion of this is sensitive, “special” data. Ensuring that data is held securely and in accordance with legal requirements is a fundamental issue for pension schemes, employers and their advisers.
The new General Data Protection Regulation (“GDPR”) brings these issues into sharp focus. Understanding where and how data is kept, who has access and the legal and contractual requirements that apply, has become a major issue for pension schemes.
The lawyers at ARC have many years’ experience advising on the data issues for pension schemes and employers. We understand how schemes operate and the issues in managing data for those involved. We can help you navigate the practical issues of data management and the surrounding legislation and ensure that you have robust systems in place to deal with the changing environment.