Almost two-thirds (63%) of respondents are aware of how the General Data Protection Regulation (GDPR) legislation will impact workplace pensions according to research by Employee Benefits and Nest.
Its Employee Benefits/Nest Pension research 2017, which surveyed 254 employer respondents in September 2017, also found that 32% of respondents are aware of how the GDPR legislation will impact workplace pensions and are already taking action to ensure compliance. A further 31% say they are aware but are yet to take action. However, just under one-third (32%) are not aware of the impact of the legislation in this area at all.
Europe’s data protection will undergo its biggest change in 20 years when General Data Protection Regulation (GDPR) will overhaul how businesses process and handle data for all individuals within the EU, with the regulation due to take effect from 25 May 2018.
Download the full Employee Benefits/Nest Pensions research 2017 report