Record-keeping: a consultation document - The Pensions Regulator

• shall be accurate, and, where necessary, kept up to date;
• processed for any purpose or purposes shall not be kept for
longer than is necessary for that purpose or purposes;
This Act also requires that appropriate technical and organisational measures
shall be taken against unauthorised or unlawful processing of personal data
and against accidental loss or destruction of, or damage to, personal data.
The Occupational Pension Schemes (Disclosure of
Information Regulations) 1996
The Occupational Pension Schemes (Disclosure of Information) Regulations
1996 specify the type of information to be provided to various interested
parties, including members and potential members of pension schemes,
either automatically or on request, together with the timescales within which
the information must be provided.
Clearly, if the relevant administration records are incorrect, the required data
may not be provided at all, or, if it is provided, it may be inaccurate or its
provision may be outside the required timescale.
The Occupational Pension Schemes (Internal Controls)
Regulations 2005
The trustees or providers of occupational pension schemes are required by
Section 249A of the Pensions Act 2004 to “establish and operate internal
controls which are adequate for the purpose of securing that the scheme is
administered and managed:
(a) in accordance with the scheme rules, and
(b) in accordance with the requirements of the law."
Pensions Act 2004
Section 70 (1) and (2) of the Pensions Act 2004 imposes a reporting
requirement on:
• a trustee or manager of an occupational or personal pension
scheme;
• a person who is otherwise involved in the administration of such a
scheme;
• the employer in relation to an occupational pension scheme;
• a professional adviser in relation to such a scheme;
• a person who is otherwise involved in advising the trustees or
providers of an occupational or personal pension scheme in relation
to such a scheme
where the person has reasonable cause to believe that
The Pensions Regulator: Record-keeping consultation document
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