The first two monetary penalties imposed for breaching the Data Protection Act 1998 should provide a wake-up call for pension schemes, industry experts say.
The Information Commissioner’s Office was granted new powers in April to fine up to £500,000 for breaches of data protection. The first two monetary penalties were imposed on 24 November, with Hertfordshire...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.