EU Data Protection Reform – Six Top Tips For Pension Scheme Trustees

After more than four years of negotiations, the new EU data protection framework has finally been agreed. Following a two-year transition period, the General Data Protection Regulation (GDPR) will apply in all member states from 25 May 2018.  

The GDPR will completely overhaul the current data protection laws in the UK as well as Europe. It has a greater emphasis on formal compliance processes and imposes substantial new obligations on trustees in the collection and use of personal data. Trustees should therefore use the current 24-month transition period to fully review their existing processes and introduce new policies and procedures to prepare for the GDPR.

Terminology in a pensions context