Publication
Infringement risk relating to creation and use of the output of a generative AI system
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PASA expands its guidance on buy-in and buyout data readiness
United Kingdom | Publication | April 2025
The Pensions Administration Standards Association's Data Working Group has issued expanded its guidance on data readiness for schemes preparing for buy-ins and buyouts. The amended guidance should be read in conjunction with PASA's February 2023 guidance on data readiness.
The expanded guidance combines insurer and industry feedback to provide further detail on what insurers are likely to view as the key data necessary to ensure a successful transaction. The guidance includes a table listing key data relevant to active, deferred and pensioner members and dependants, together with an indication of the importance of each.
PASA notes that ensuring membership data is as complete and accurate as possible will lead to significant benefits to a scheme’s de-risking experience. As well as better pricing and certainty, accurate member data will enable trustees to fulfil their obligations and discharge their responsibility having validated that each member will receive the correct benefit from the insurer.
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