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UK pensions update: TPR on Capita cyber breach; trustees’ climate duties; DWP AE thresholds and DB tests; small pots consolidation; DWP research; High Court ruling on Courage underpin

Published on: 08 February 2024

Published by a LexisNexis Pensions expert
Legal News
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  • Pensions Regulator
  • Trustees, governance and administration
  • Members and benefits
  • Employers and automatic enrolment
  • Automatic enrolment and scheme rules
  • Scheme amendments and construction of scheme rules
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Pensions Regulator

TPR report shows it acted promptly to protect savers following Capita cyber security incident

The Pensions Regulator (TPR) has released a report setting out how it collaborated with pension administrator Capita to gauge risks to pension schemes after a cyber security incident in March 2023. The paper explains that TPR intervened to make sure Capita was determining the scale of any impact on schemes and alerting trustees of those affected so that safeguards could be implemented. According to TPR, this rapid response meant thousands of pension savers were safeguarded. Capita learned of a cyber incident on 31 March 2023 in which certain data was accessed and/or copied, creating a risk that criminals could obtain members’ personal information, and disrupt the payment of pensions from impacted schemes. TPR worked with Capita to establish which members were affected and precisely what member data had been exposed so that trustees of impacted schemes could take protective steps without delay and to keep trustees informed...

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