The deadline for meeting the common data standards set out in our record-keeping guidance was 31 December 2012. We’re conducting a review with over 200 schemes in early March 2013 to see if the standards are being achieved.
If you're selected, it doesn't necessarily mean we expect there to be problems with your scheme's records. But if we find you haven’t acted in line with your record-keeping duties, we may take enforcement action.
We're also increasing our focus on 'conditional' data - this is additional and more detailed data such as the employing company and the date of a member leaving the scheme. We'll be measuring the standard of this data in our 2013 record-keeping survey.
Q&As Record-keeping: frequently asked questions about 'common' data (PDF, 74kb, 6 pages)
Published: September 2012
Answers to some of the questions that we are most commonly asked by providers and administrators about data standards
Webinar Webinar: Record-keeping and the common data targets
Published: September 2012
This 45 minute webinar provides you with information about where we expect schemes to have taken significant steps to meet the targets set out in our 2010 guidance
Report Scheme record-keeping (PDF, 880kb)
A report on the 2012 scheme record-keeping survey - the research shows encouraging progress on scheme data quality, however there is still significantly more for some schemes to do to ensure they maintain accurate records
This updated guidance describes an approach that we consider to be good practice for measuring the presence of member data items which are important in the administration of a pension scheme
Statement Improving administration standards: The Pensions Regulator's expectations (PDF, 95kb, 6 pages)
Published: March 2011
A summary of The Pensions Regulator's approach to scheme expectations and its expectations of schemes and the wider industry
Report Occupational pension scheme governance 2012 (PDF, 345kb, 56 pages)
Key findings of the sixth annual governance survey,conducted by The Pensions Regulator amongst trust-based DC, DB and hybrid schemes with 12 or more members
Code of practice Reporting breaches of the law
The requirement to report is a vital part of the regulatory framework. Whistleblowing reports are a key source of information that we use to fulfil our regulatory responsibilities for work-based pensions.
Code of practice MNT/MND - putting arrangements in place
The purpose of this code is to help trustees of occupational pension schemes to put in place and implement arrangements to provide that at least one-third of the trustees are member-nominated trustees
Code of practice Internal controls
This code sets out the regulator's expectations of how occupational pension schemes should satisfy the legal requirement to have adequate internal controls in place
Guidance Conflicts of interest
This guidance aims to provide educational support for trustees and employers for addressing conflicts of interest. You can read a summary version or the full guidance
Guidance Lump-sum death benefits
Trustees may need to know whether lump sum death benefits can be provided from their scheme or whether a separate scheme, which only provides these benefits, should be set up.
Guidance Relations with advisers
This best practice guidance sets out some key issues for trustees to consider in their relations with advisers
Guidance Voluntary employer engagement
This guidance provides help to employers offering a contract-based pension scheme who choose to involve themselves more closely in monitoring the running of the scheme.
E-learning Learning resources
Includes quick and easy bite-sized modules on governance and record-keeping for your clients to use
Pensions reform is on its way and more employers will be looking for advice and support. You will play a key role in helping them to meet their new obligations.
Where they have a scheme already, they will need to think how the reforms apply to it, for example, the joining process and contribution levels. Where they do not have a scheme, they will need to decide what pension scheme or schemes they want to use for auto-enrolment.
We'll be providing a lot more information for you to help employers in the run up to the reforms - sign up for news-by-email and we'll keep you posted.
See related content in the Employers' section:
- Interactive tool How to automatically enrol your staff
See related content in the Trustees section:
Find a progress check for trustees that includes key tasks they must carry out to meet the common data standards and the December 2012 deadline