Robert Haniver and Stephen Gillick provided an overview of the key aspects of the GDPR and their likely impact for trustees of Irish pension schemes in an article entitled “Pension Trustees – Final Countdown To GDPR”. The article featured in the Autumn 2017 edition of Irish Pensions Magazine.
The GDPR will have significant implications for trustees of Irish pension schemes. Breaches of their obligations can result in penalties of up to €20,000,000 or 4% of annual worldwide turnover for the previous year, whichever is greater. It is important not to underestimate the deadline for complying with the provisions of the Act.
For more information on preparing for the GDPR, please visit our GDPR information resource page.
The content of this article is provided for information purposes only and does not constitute legal or other advice.