A glossary of data terms essential to understanding the new regulations; A suggested timeline for GDPR readiness; A comprehensive list of steps for trustees to take including key considerations, explanations of the regulatory requirements, and suggested means of implementing them: o Map your data flows and identify associated risks o Determine on what grounds you will be processing data o Appoint a Data Protection Officer (or justify not appointing one) o Reassess how you engage with your membership o Update policies and procedures o Review and renegotiate third party agreements
CIPP comment
Although the GDPR Made Simple Guide is aimed at pension trustees the information is just as applicable to the payroll profession and anyone who is a processer or controller of data. Processing is any activity involved with the collation, storage, dissemination, amendment or destruction of data. The controller is the person who determines how, and for what purposes, data is to be processed. The data processor is the person who actually processes the data; however this can be the data controller, or a third party doing so on the data controller’s behalf. The CIPP also run a half day training course which will help delegates understand and prepare for the changes, including how they affect payroll and HR functions, so that they can help their organisations become fully compliant by May 2018.
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Lifetime allowance pension scheme administrator look-up service 21 September 2017
The lifetime allowance pension scheme administrator look-up service has now gone live on the GOV.UK website.
There has been a small delay in the delivery of the look-up service; HMRC had hoped to launch it in early summer.
However, it is now up and running and pension scheme administrators can use the look-up service to check the lifetime allowance protection status of their members.
To use this service, members will need to give their pension scheme administrators their protection notification number and their scheme administrator reference number. Both of these reference numbers can be found through their personal tax accounts.
GOV.UK guidance has been updated to reflect the introduction of the service - Pension administrators: check your member's protection status .
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TPR launches new campaign to protect workplace pension savers 22 September 2017
The Pensions Regulator (TPR) has launched a new campaign to drive up the standards of governance across pension schemes to help protect workplace pension savers.
The campaign, called 21st Century Trusteeship – raising the standards of governance , is part of TPR’s commitment to support schemes by being clearer and more directive. It outlines how people involved in running schemes can take action to meet expected standards and what action TPR will take if they don’t improve.
Recent research by TPR has shown that while some trustees are doing a good job, many trustee boards, particularly in small and medium schemes, have failed to act on TPR’s codes and guidance to meet standards of good governance.
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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