Comment: Long road ahead to improve scheme record keeping

Phil Titchener discusses some of the issues uncovered in TPR's latest record keeping survey

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The Pensions Regulator's report on the latest record keeping survey shows that 40% of member records in large and medium sized trust-based schemes still don't meet the regulator's targets for common data, notwithstanding the deadline of December 2012.

The position in small trust based schemes and contract-based schemes is significantly worse. The regulator first announced its targets for common data in June 2010 and while these requirements s...

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