Not only are 21st century trustees looking after members'
pensions – they're also looking after members data.
With data protection being a growing risk area, it's vital
that trustees ensure that their pension schemes are fully compliant
with data protection laws.
Our new quick guide sets out three steps by which trustees can
ensure data protection success when dealing with personal data in a
pensions context.
Many say that data is the 'new natural resource', the
resource that drives all aspects of the 21st century economy.
Indeed, as Jeff Weiner, the former CEO of LinkedIn famously stated:
"Data really powers everything that we do".
Nowhere is this statement truer than in pensions, which runs on
data of a personal nature. Dates of birth, employment histories, NI
numbers, bank details – pension schemes' data reserves
are ever-growing, and making sure they are handled properly is a
core part of running any scheme.
