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UK pension trustees: strengthen cyber and fraud governance, embed TPR scam controls and NCSC code, plan offline resilience, as attacks and transfer scams surge

Published on: 22 October 2025

Published by a Law360 reporter
Legal News
Article summary

RSM UK, in a report released on 17 October 2025, said trustees should make reinforcing their cyber-risk frameworks a top priority. It further urged tighter fraud deterrence controls and the retention of printed copies of cyber plans in case systems are knocked out, the firm said. The intervention came after the National Cyber Security Centre (NCSC) reported that the number of such serious incidents has more than doubled in the 12 months to September 2025. Erin Sims, RSM’s Fraud Risk Director, stated she expects cyber attacks on pension schemes to increase as the late 2025 Autumn Budget heads to Parliament and speculation builds over the tax-free status of pension lump sums. ‘Many households are feeling the pinch as inflation climbs, and some...

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