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ARTICLE · 19 FEBRUARY 2018

Are You Ready For The New Data Protection Laws?

Gowling WLG
Gowling WLG
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Gowling WLG

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On 25 May 2018, pension schemes will need to comply with tough new data protection legislation.

United KingdomPrivacy

On 25 May 2018, pension schemes will need to comply with tough new data protection legislation. Get ready for the GDPR with the first in our series of essential guides on the legal issues and practical steps that everyone involved in pensions will need to think about.

Key Points

1. The GDPR comes into effect in May 2018

New data protection laws and regulations will come into effect across the EU on 25 May 2018.

2. New legal duties and higher fines

The GDPR applies a range of legal duties on both data controllers and data processors. In addition, the maximum levels of fines for data breaches are materially higher.

3. The GDPR will apply to trustees

Pension scheme trustees are typically data controllers in respect of a scheme's personal data.  

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