Pension funds: Administrators
We help you in your information-providing, reporting, and tax administration roles.
GDPR and risk advisory
We offer you a full risk advisory service, covering:
- GDPR guidance
We also help you in understanding Integrated Risk Management (IRM).
About the GDPR
The European Union General Data Protection Regulation (GDPR) replaces the Data Protection Directive (Directive 95/46/EC) effective May 25, 2018. It will profoundly affect the data use and data retention carried out by Pension Funds, because it imposes new obligations on schemes to the extent that they collect personal information on UK citizens.
We can help you organise your processes to be compliant with GDPR and assist you with building procesures to answer the chalenges of such aspects of the regulation as the right to be forgotten, breach notification, and accountability.
See our full risk advisory services
We can help you deal with AAF accreditation as your independent Reporting Accountant.
Our knowledge of the Master Trust Supplement to AAF 02/07 allows us to assist with Master Trusts. We can also ensure compliance with the International Standards for Assurance Engagements (ISAE) No. 3402.
Reporting on internal controls under the assurance framework AAF 01/06 issued by the Institute of Chartered Accountants in England & Wales (ICAEW) has been widely adopted by third party pension scheme administrators, particularly becasus emany pension scheme trustees will not allow a third party administrator to act for their scheme unless the administrator has adopted this reporting standard.
More information about AAF accreditation can be found on our Defined Benefits Scheme page.