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Consent Controller Processor Data Subjects Personal Data Personal Data Breach Processing Special Categories of Personal Data Consent consent of the data subject means any freely given, specific, informed and unambiguous indication of...
Stage 1 – Reach agreement with the employer – as employer consent is needed under the conversion legislation, trustees should agree with the employer that GMP conversion is to be undertaken and the terms on which benefits will be...
Key dates Item Between 30 April 2018 and 31 March 2019 Monthly Experian Scores One calendar month prior to the Score Measurement Date Deadline for submission of data to Experian to impact on PPF-specific Monthly...
Occupational pension schemes may convert GMPs into ordinary scheme benefits, provided five stringent conditions are met. Condition 1: Post-conversion benefits must be “actuarially at least equivalent to the pre-conversion...
Consent Data Controller Data Processor Data Subjects Personal Data Personal Data Breach Processing Special Categories of Personal Data Consent consent of the data subject means any freely given, specific, informed and unambiguous...
The PPF provides compensation at two levels: 100% or 90%. Pension scheme members who are only entitled to receive 90% compensation are also subject to the compensation cap. If a pension scheme is eligible for PPF entry, the level of...
Guaranteed Minimum Pensions (GMPs) were introduced from 6 April 1978 to allow occupational DB pension schemes to contract-out of the second tier of state pension provision (the State Second Pension). Schemes which were contracted-out on a...
