Pension funds should appoint a dedicated officer for the protection of personal data, according to the chair of the Netherlands’ Personal Data Authority (AP).
Aleid Wolfsen spoke about the introduction of local data protection rules for the Netherlands, in the wake of EU-wide legislation for privacy protection that is to come into force as of next May, known as GDPR.
He suggested that the task could also be carried out by a board member of the pension fund, rather than a new member of staff. In his opinion, such an officer could also serve several pension funds.
The Dutch regulation requires government organisations, as well as organisations that process sensitive data on a large scale, to appoint somebody to hold responsibility for this data and the implementation of the new rules.
Wolfsen said that organisations that did not appoint such an official must explain their decision to enable the AP to check whether they have made the correct assessment.
Based on a conversation with the Pensions Federation, Wolfsen said he expected that the pensions sector in general was properly preparing for the data protection regulation.
Wolfsen’s comments contrasted with the findings of a survey by a UK law firm, which reported in August that UK trustees were “unprepared” for the new European-level rules on data protection.
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