News / 08 May 2018

GDPR made simple for Group Life Assurance Schemes

GDPR affects Group Life Schemes
Home Insight News

May 25th signals a major shift in Data Protection and impacts Group Life Assurance Schemes. Trustees must act now to remain compliant.

This means Trustees of a standalone Group Life Assurance Scheme (GLA) are classified as ‘Data Controllers’ due to their ownership and control of personal employee data. Trustees are therefore legally bound by the GDPR rulings. Premier can ensure your scheme complies with the new regulation. Download the technical update using the form below to ensure you understand the obligations for trustees of GLA schemes.

We can help

Premier’s Life Trust (PLT) takes care of all GDPR requirements enforced by the new legislation. Find out more about this hassle-free option and how it could help you.

Easing your workload

The Premier Life Trust (PLT) is a hassle-free option to ensure your Group Life Assurance Scheme remains GDPR compliant. On top of this, the PLT offers a number of on-going benefits that will help ease your workload. These include:

 

Responsibility

Own Trust

Premier
Life Trust

Registration with HMRC and future reporting Employer Premier
Setting up/Maintaining Trust Deed and Rules Employer Premier
Choosing/changing Trustees Employer Premier
Dealing with next of kin and exercising discretion Trustee (often Employer) Premier
Complying with changes in legislation Employer Premier
Maintaining a Trustee Bank account Trustee (often Employer) Premier
GDPR Data Controller requirements Trustee (often Employer) Premier
Provision of accurate data Employer Employer
Paying the premium Employer Employer

 

We’ve produced a technical update on the impact of GDPR. Download it below to find out more detail of how if effects GLA Schemes.

Access the Technical Update

Allyson Gayle

Head of Risk & Healthcare

allyson-gale