The General Data Protection Regulation (GDPR) replaces the Data Protection directive of 1995/Act 1998.
The GDPR aims primarily to give control back to individuals over their personal data and comes into force on 25th May 2018.
Pension schemes necessarily hold and process significant amounts of personal data relating to members. As a matter of good governance, it is important that member data is safeguarded. We hold your data securely using a pension administration database provided by Aquila Heywood. They offer high levels of security within the hosted environment. The data centre from which the service is provided is a tier 4 design data centre with ISO27001 accreditation.
There is already a legal obligation on pension scheme administrators to keep member data secure, but the new legislation will have a significant impact on the obligations and the potential financial penalties for breaches.