The European Commission’s (EC) proposals to enhance data protection compliance throughout Europe are a cause for concern for some pension schemes according to Mayer Brown.
The EC have proposed that organisations be required to obtain explicit consent to the processing of personal data, rather than being able to infer or assume consent, and giving individuals the right to ask businesses to move their records to alternative service providers.
However Mayer Brown intellectual property group partner Mark Prinsley commented that these proposals could create a lot of work.
“Schemes which are currently relying on member consent to the processing of personal data would, under the proposals, need to review their systems to ensure that such consent is explicit.”
Recent Stories