Pensions Regulator investigates trustee record-keeping
Under the Pensions Regulator’s (tPR) 2010 guidance, it identified two categories of data:
- Common data — this includes members’ names, national insurance numbers and dates of birth. Since June 2010, tPR expects schemes to record data with 100 per cent accuracy. Common data acquired before June 2010 should be 95 per cent accurate.
- Conditional data — this is data in respect of how benefits are calculated. Conditional data includes pension sharing orders, AVC details and any members’ periods of absence…
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