We keep the payment of the pensions (payroll element) separate from the administration of pensions schemes, so we can destroy the payroll element after seven years.
Even so, we will destroy the administrative records a set period (10 years, I think) after wind-up of the scheme. I wasn't aware of any FCA requirement to retain certain records indefinitely (one of the pitfalls of being a generalist rather than a specialist). But I wonder if "indefinite" really means indefinite - you would think 10 years after the wind-up would be ample time for the FCA to conduct any investigation.
Neil.
-----Original Message-----
From: The Information and Records Management Society mailing list [mailto:[log in to unmask]] On Behalf Of Paula McClure
Sent: 16 January 2018 15:24
To: [log in to unmask]
Subject: Retention of pension records
Has anyone come across the FCA requirement for indefinite retention of pension records, when they relate to pension transfers, pension conversion, pension opt-out or FSAVC?
Historically, this has pushed the retention for all pension records to permanent. However, I would like to check if there is anybody separating pension records/pension transfer records in order to apply a different retention and disposal.
Thank you,
Paula McClure, MLIS
To view the list archives go to: https://www.jiscmail.ac.uk/cgi-bin/webadmin?A0=RECORDS-MANAGEMENT-UK
To unsubscribe from this list, send an email to [log in to unmask] with the words UNSUBSCRIBE RECORDS-MANAGEMENT-UK
For any technical queries re JISC please email [log in to unmask] For any content based queries, please email [log in to unmask]
________________________________
UCB Celltech is the UK branch of UCB Pharma S.A., a company registered in Belgium with registered offices at Allée de la Recherche 60, 1070 Brussels, Belgium, KBO/BCE nr. 0403.096.168, RPR/RPM Brussels.
UCB Celltech’s UK branch registration number is BR009137 and its UK representative office is at 208 Bath Road, Slough, Berkshire SL1 3WE.
(Ref: #*CUK0308) [Ref-CUK0308]
________________________________
Legal Notice: This electronic mail and its attachments are intended solely for the person(s) to whom they are addressed and contain information which is confidential or otherwise protected from disclosure, except for the purpose for which they are intended. Dissemination, distribution, or reproduction by anyone other than the intended recipients is prohibited and may be illegal. If you are not an intended recipient, please immediately inform the sender and return the electronic mail and its attachments and destroy any copies which may be in your possession. UCB screens electronic mails for viruses but does not warrant that this electronic mail is free of any viruses. UCB accepts no liability for any damage caused by any virus transmitted by this electronic mail. (Ref: #*UG1107) [Ref-UG1107]
________________________________
To view the list archives go to: https://www.jiscmail.ac.uk/cgi-bin/webadmin?A0=RECORDS-MANAGEMENT-UK
To unsubscribe from this list, send an email to [log in to unmask] with the words UNSUBSCRIBE RECORDS-MANAGEMENT-UK
For any technical queries re JISC please email [log in to unmask]
For any content based queries, please email [log in to unmask]
|