Managing pension governance and risks effectively
Introducing the fifth edition of the Governance and Risk Management report
43%
of respondents have not tested the strength of their scheme's IT systems, processes and procedures for cybercrime protection.
28%
of respondents have not assessed the vulnerability of their third-party suppliers to cybercrime.
IT/
Cyber
is in the top two ranked risks for DB and DC pension schemes.
Not all schemes
have a policy covering the data requirements and how this is transferred securely to their suppliers.
Hear from Stuart Henderson
on the key findings
Summary of
findings
Risk Management Report 2021
Download your
copy
Download below
Following on from previous years, we take a look at the results of our 2021 Risk Management Survey and identify some key questions for Trustees to consider in regards to some aspects of fraud and cybercrime.
The highlights
Top Defined
Contibution (DC) risk trends
Delivering value
for members
IT/Cyber
risk
Fraud/
scams
Design of
default fund
2021
2020
Delivering value
for members
IT/Cyber
risk
Inappropriate decision making
by members at retirement
Design of
default fund
Top Defined
Benefit (DB) risk trends
Employer
covenant
IT/Cyber
risk
Funding
volatility
Fraud/
scams
Employer
covenant
IT/Cyber
risk
Meeting regulatory/
compliance requirements
Investment
under-performance
2021
2020
