Kim Gubler, PASA Chair, commented: “Pensions data was already highly complex, now add a global pandemic shifting entire workplaces to home, an increased desire to access pensions and an evolution in scamming and security issues, and its plain to see things got a lot more difficult for pension schemes. Our first data guidance, launched in February 2019 focused on supporting trustees, providers, administrators and employers to review the quality of their data and, where necessary, take action to ensure their data is meeting the needs of all stakeholders.
Deloitte have expertise in this area and we are very much looking forward to working with them as we move this guidance forward. Our next publication, due in December, will look at how data impacts all aspects of managing a pension scheme beyond pensions administration, with further guidance in the pipeline on Data Management Plans.”
Kristy Cotton, Chair of the Data Working Group and Deloitte, Expert Knowledge Provider for Data commented: “Deloitte is delighted to join PASA as the Data Expert Knowledge Provider. We are keen to work with likeminded organisations to drive better quality data, create ideas, and ensure they work for pensions trustees and schemes. We look forward to sharing our knowledge with PASA and their membership, and working towards the next guidance. In addition to my role at Deloitte, I will continue to chair the PASA Data Working Group, which aims to increase the focus on data within the pensions industry.”