Cyber Security: a Checklist of What Pension Scheme Trustees Should Know

Cyber security and Pension Scheme Trustees, how well versed and upto date do trustees need to be?

Through conversations with Pension Scheme Trustees, discussing cyber security with subject matter experts, and our own research, we have drafted this checklist of what trustees need to know about cyber security, the level of expertise they need, and how they can use this knowledge to effectively manage pension schemes.

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ORA: an overview

The Own Risk Assessment (ORA) is a new element in pension scheme governance, brought about by the General Code of Practice, with many schemes having to produce their first ORA by 31st March 2026.

Under the Code, a pension scheme ORA is an assessment of how well the scheme’s ESOG (Effective System of Governance) is working, and a detailing of the way risks are being managed.

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Effective System of Governance – What you need to know

With the new General Code of Practice, The Pensions Regulator (TPR) mandated the need for an Effective System of Governance (ESOG) as a key part of pension scheme management.

In this article, we explore the ESOG, detailing what you need to know, and how it impacts the governance of pension schemes.

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Safeguarding Sensitive Data: The Significance of ISO 27001 for Pension Audit Companies

In today’s digital age, data breaches and cyber threats are lurking around every corner, posing a threat to businesses across all industries. For pension audit companies who are entrusted with sensitive financial information, ensuring data is safe is a top priority. This is where ISO 27001, the international standard for information security management, plays a…

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The Rise of Pension Cyber Scams and How to Stay Safe

As technology advances it is becoming increasingly important to ensure your cyber resilience meets the everchanging regulations. In day-to-day operations, businesses rely heavily on technology and data which is why fraudsters use this to their advantage to disrupt, corrupt and extort data for financial gain. Trustees must be prepared and ensure their pension scheme members…

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Combatting Pension Scams using Communication

With the rise of pension scams, understanding the risks and communicating them effectively is crucial for prevention. As we move further into an age of online presence, the need for active scam awareness is growing. How significant is the issue? “Cyber attacks may be the biggest threat the financial sector faces today” – JP Morgan…

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Stopping Pension Scammers

Scams that target pension scheme members and their retirement benefits are a growing and persistent problem that is intensifying problems faced by members amidst the cost of living crisis in the UK. These scams can leave catastrophic impacts to members and their families at a time where there is enough for them to deal with…

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What is Open Banking and how can it help the world of audit?

open banking

In 2021 open banking hit a UK high of 4.5 million users with 3.9 million of those being consumers and 600,000 small businesses, however despite the strong growth of open banking within the UK, many people still have never heard of the term. Open banking gives individuals and companies the ability to share current account…

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