RPSM12300020 - Scheme Administrator Pages: Information Requirements and Administration: General - Retention of records

Retention of records

Any person who is or has at any time been the scheme administrator, a trustee, or a provider of administrative services to a registered pension scheme is required to preserve certain documents. If the scheme is an occupational pension scheme, this requirement also applies to any person who is or has been a sponsoring employer or a director of an employer company. The documents in question are those in their possession or under their control that relate to

• any monies received by or owing to the scheme
• any investments or assets held by the scheme
• any payments made by the scheme
• any contracts to purchase a lifetime annuity in respect of a member of the scheme
• the administration of the scheme.

The documents must be preserved for the tax year to which they relate and for the following 6 tax years. If a person has ceased acting for the scheme or providing administrative services to the scheme, they are not required to retain the documents if another person has succeeded them in their duties and the documents have been transferred to that other person.