Cyber Risk for Pension Schemes
Fieldfisher recently earned the UK Government's Cyber Essential Certificate of Compliance, becoming one of the first law firms to earn this accreditation. It has resulted in an increase in awareness of cyber threats to us and our business and to our clients.
In the pensions world, technology continues to advance and more and more employers and schemes are providing electronic access to information and documents. While this is a good thing there is concern that it has not been matched by increased awareness of the risks that are created by such systems and apps.
To help everybody address these risks we have prepared a "Risk Radar" to start the thought process and, we hope, to increase awareness. It looks at risks from a trustee perspective but should be helpful for all those involved with schemes, including employers and administrators.