Ian Bell

This year will see consolidation, cyber risk and cost transparency dominate the industry's focus as schemes bid to improve value for money and meet data protection requirements.

HM Revenue and Customs (HMRC) has published an internal manual on how value-added tax (VAT) should be calculated for defined benefit (DB) occupational pension schemes.

Ransomware is the most likely type of cyber attack on pensions says RSM head of pensions Ian Bell.

Trustees are being urged to push their sponsoring employers for better cyber security protocols after a government study found many do not have comprehensive action plans.

Online fraud has become the most commonly reported crime across England and Wales, yet the government, law enforcement agencies and the industry overlook it, the National Audit Office (NAO) warns.

The Pensions Regulator (TPR) has admitted it was subject to a partially successful ransomware attack during the past three financial years but had blocked over 40,000 other attempts.

RSM has promoted Karen Tasker to partner in its pension team, increasing it to 13 partners.

Nearly one in three pension schemes has been affected by fraud, with victims experiencing a threefold rise in scams in the last 12 months alone, latest RSM research reveals.