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SoundBites
"Any inherited data issues should already be known to the Trustees and the completion of any plan to rectify this should be a matter for discussion and agreement between the Trustees, the incumbent administrator and the new administrator."
"Trustees will ensure that they are aware of the quality of the information and data being provided by the employer or the employer’s agent to the Administrators and of the effect that any weaknesses in the data will have on the service offered."
"Trustees will put in place procedures to ensure that they have a measure of the accuracy of their data on an ongoing basis and plans to ensure that the quality is maintained or improved as appropriate."
"Too often the basics are spurned in the interests of cost-saving or through ignorance. Get the fundamentals right at the outset."
"Although DC Admin is more immediate by nature, errors are often more obvious and good DB data management is vital in the longer term."
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