cyber security
Pension scheme cyber risk - the key challenges and who is responsible
The Institute and Faculty of Actuaries' Patrick Kelliher and Vanessa Jaeger look at the key cyber risks faced by pension schemes, who is responsible for managing these risks, and how these risks may be managed.
Trustees must be 'accountable' for the security of data and assets
Trustees must be “accountable for the security of data and assets” to protect schemes and members from the risk of cyber attacks, according to The Pensions Regulator (TPR).
PRAG updates guidance on cybercrime protection as 43 pension organisations report breaches to ICO over past two years
The Pensions Research Accountants Group (PRAG) has published updated guidance to help trustees protect their schemes from cybercrime.
PMI reports itself to ICO after hacker attack leads to data breach
The Pensions Management Institute (PMI) has reported itself to the Information Commissioner’s Office following a cyber-attack which resulted in hackers gaining access to the names and email addresses of around 1,700 people.
Managing cyber risk in the face of Covid-19
As Covid-19 increases the vulnerability of businesses to cyber attacks, Charlie Wedin and Jonathan Hazlett look at key considerations for trustees and pension professionals.
Schemes urged to boost cybercrime protection following surge in criminal interest
Schemes and administrators have been urged to strengthen their cybercrime resilience after heightened criminal interest in the sector.
PASA launch cybercrime and fraud working group
The Pensions Administration Standards Association (PASA) has launched a cybercrime and fraud working group to equip members will relevant guidance to best avoid pension scams.
GDPR a year on: Seven action points for trustees
Claire Rankin and Brent Wright look at what trustees should focus on 12 months after the introduction of wide-ranging data regulations and TPR's cyber security guidance.
PASA publishes trustee guidance after 'increasingly sophisticated' cyber attacks
Trustees must have a "clear view" of the increasing number and sophistication of security risks, the Pensions Administration Standards Association (PASA) says as it launches guidance on cyber-security.
Five priorities for trustees one year after GDPR
Sackers has set out key areas for trustees to focus on and keep high up on their agendas after the General Data Protection Regulation (GDPR) was introduced last year.
Trustees urged to plan for data breaches post-GDPR
Schemes should have a response plan in place to deal with breaches of security following the launch of the General Data Protection Regulation (GDPR), according to Trafalgar House.
Have your say: Which type of DC scheme is best?
In this week's Pensions Buzz, we want to know whether you think a contract-based, trust-based or a master trust arrangement would be best for a new defined contribution scheme.
What TPR's new cyber security guidance means for trustees
The regulator has published a guidance paper on cyber security, advising trustees on how they should go about minimising risks faced by pension schemes. Victoria Ticha looks at the details
Aviva implements Origo's bulk scheme transfer service
Aviva has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.
Consolidation, cyber risk and transparency to dominate 2018
This year will see consolidation, cyber risk and cost transparency dominate the industry's focus as schemes bid to improve value for money and meet data protection requirements.
Charge cap is not impacting DC default fund quality, industry says
Respondents believe there is a good spread of funds available under the 0.75% cap.
How trustees can develop a cyber security policy
Michael Klimes explores what practical steps schemes can take to protect members from hacking and identity fraud
Industry says dashboard 'unlikely' to be ready by 2019
Most respondents were sceptical the dashboard could be delivered within two years
Have your say: Will the pensions dashboard miss its 2019 launch date?
This week we want to know if you think the pensions dashboard will be ready to launch in 2019 and should boards assign one trustee the job of coordinating their scheme's cyber security policy.
Capita: Boards should nominate a trustee to coordinate cyber security policy
Boards should assign responsibility to coordinate and develop their scheme's cyber security policy to one particular trustee, according to Anish Rav.
Trustees must push sponsors to boost cyber security as 10% of FTSE 350 lacking response plans
Trustees are being urged to push their sponsoring employers for better cyber security protocols after a government study found many do not have comprehensive action plans.
TPR suffers security breach as computer infected with ransomware
The Pensions Regulator (TPR) has admitted it was subject to a partially successful ransomware attack during the past three financial years but had blocked over 40,000 other attempts.
Forcing schemes to appoint a lawyer would be too costly
PP research reveals worries about higher costs arising from obligatory legal advice
Have your say: Should alternative measures of inflation be developed for schemes?
This week we want to know if alternatives to CPI and RPI inflation measures should be developed for schemes and whether the government should limit how much investment risk NEST can take.
