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” 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.
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.
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 and administrators have been urged to strengthen their cybercrime resilience after heightened criminal interest in the sector.
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.
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.
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.
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.
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.
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.
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 has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.
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.
Respondents believe there is a good spread of funds available under the 0.75% cap.
Michael Klimes explores what practical steps schemes can take to protect members from hacking and identity fraud
Most respondents were sceptical the dashboard could be delivered within two years
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.
Boards should assign responsibility to coordinate and develop their scheme's cyber security policy to one particular trustee, according to Anish Rav.
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.
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.
PP research reveals worries about higher costs arising from obligatory legal advice
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.