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In May of last year, the European Union altered the digital landscape dramatically by enforcing its General Data Protection Regulation (GDPR). This is the most important piece of data privacy regulation that’s been created in twenty years, and it will fundamentally change the way data is handled in every sector. Pensions are no different!
In practical terms, this makes the way we process and store your data more difficult, and it requires various notifications from us, and opt-ins-or-outs from you. A privacy notice was sent out with our last newsletter, and you can refer to it if you need a refresh on the details.
The Trustees take privacy very seriously. Companies not only have a moral obligation to let individuals control their own data, but there are serious security and regulatory issues that must be remembered when it comes to how we deal with data. Companies that are found to be in breach of GDPR can have heavy fines imposed upon them.
If you have any questions about data and privacy that aren’t answered by the privacy note above or on this website, you should feel free to contact us through the contact form on this website.