Pensions Shared Service - Camden, Merton, Richmond, Waltham Forest and Wandsworth
The Pensions Shared Service administers the Local Government Pension Scheme for Camden, Merton, Richmond, Waltham Forest and Wandsworth.
The Local Government Pension Scheme (LGPS) is the nationwide pension scheme for employees working for Camden or other employers participating in the scheme.
Teachers are members of a separate pension scheme that is run by the Department for Education. Details about this can be found on the Teachers' Pensions website.
General Data Protection Regulation (GDPR)
The General Data Protection Regulation (GDPR) is a new set of European Union (EU) regulations which were implemented in the UK on 25 May 2018. The Government has confirmed that the UK's decision to leave the European Union will not alter this. More information on GDPR and and how the regulations will affect Camden LGPS members can be found on the Pensions Shared Service Website.
Currently in the UK the Data Protection Act 1998 sets out how your personal information can be used by companies, government and other organisations. The GDPR will replace the Data Protection Act 1998.
There are new and extended rights for individuals in relation to the personal data an organisation holds about them, for example, an extended right to access and a new right of data portability.
In addition, organisations will have an obligation for better data management and a new regime of fines will be introduced for use when an organisation is found to be in breach of the GDPR.
The processing of data in the National Fraud Initiative (NFI) data matching exercise is carried out with statutory authority under the Local Audit and Accountability Act 2014. It does not require the consent of the individuals concerned under the Data Protection Act 1998 or the GDPR.
“Freedom and Choice”
You may have read about and seen the adverts on TV recently about the forthcoming flexibilities around withdrawing money from pension schemes. We have been receiving enquiries about whether members of the Local Government Pension Scheme (LGPS) can use these new flexibilities, so more information about these provisions and how they interact with the LGPS can be found below.
You should be aware that these new arrangements apply to Defined Contribution pension saving arrangements and not Defined Benefit pension schemes so these arrangements do not directly affect the LGPS.
More information on the freedom and choice regulations can be found on the Pensions Shared Service website.
The New LGPS 2014
Full details can be found on the lgps2014 website.