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Third-party cyber risk tops DB trustee concerns


By Callum Conway

Third-party and administrator vulnerabilities are among the biggest cyber risks facing defined benefit (DB) pension schemes, analysis from Howden Retirement has shown.

The firm’s Retirement Runway research found that 70 per cent of DB scheme professional trustees identified third-party or administrator vulnerabilities as a key cyber risk, while 50 per cent highlighted the protection and security of member data


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DB pension redress payments expected to fall further in Q4 amid rising bond yields

Compensation payments due to people who were wrongly advised to transfer out of their defined benefit (DB) pensions are expected to fall further in Q4 2026 amid rising bond yields, according to Broadstone’s DB Redress Tracker

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Over one in 10 AI chatbot pension answers 'potentially harmful'

More than one in 10 (11 per cent) responses provided by artificial intelligence (AI) chatbots to common pension questions could result in savers losing money or making an irreversible mistake, according to research from PensionBee

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NAO to review Capita’s administration of Civil Service Pension Scheme

The National Audit Office (NAO) will investigate the transfer and administration of the Civil Service Pension Scheme (CSPS) following ongoing service issues since Capita took over the contract in December 2025

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Over three quarters of over-55s have taken pension tax-free lump sum

Concerns over the future of the pension tax-free lump sum may have prompted some savers to access their pots earlier than planned, with 76 per cent of people aged 55 to 64 having already taken a pension lump sum, research from AJ Bell has found

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UK adults believe they need over £42,000 a year for a comfortable retirement

UK adults believe they need an average after-tax household income of more than £42,000 a year to feel financially secure in retirement, although expectations vary significantly by age and region, according to research from Mattioli Woods

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TPR warns DC schemes against focusing on ‘pennies’ of charges over investment returns

Defined contribution (DC) schemes must put investment performance and member outcomes ahead of marginal differences in charges as the industry moves towards a more consolidated system of larger schemes and stronger retirement defaults, The Pensions Regulator (TPR) chair, Emma Douglas, has said

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Nuveen completes acquisition of Schroders

Nuveen has completed the acquisition of Schroders, creating a combined firm with approximately $2.6trn in assets under management across institutional and wealth channels and operating in more than 40 markets
FTSE 100 pension surpluses average £900m per scheme sponsor

Defined benefit (DB) pension schemes of FTSE 100 companies have an aggregate IAS19 surplus of £61bn, equivalent to around £900m per FTSE 100 company with a UK scheme, according to new LCP analysis
LGPS Central sets out steps to unlock greater social housing investment

The Local Government Pension Scheme (LGPS) could increase investment in UK affordable and social housing if it develops a stronger pipeline of suitable investment opportunities, according to a report by LGPS Central that outlined six measures it said could grow pension fund investment in the sector
Nearly a third of UK adults lack confidence they are on track for retirement

Nearly one in three (31 per cent) UK adults are not confident they are on track to achieve the retirement lifestyle they want, according to research from M&G

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News in brief – 2 October 2026

The latest news in brief and mandates from the past seven days
Exclusive: IGG acquires ProPensions to expand professional trustee offering

Independent Governance Group (IGG) has acquired Scotland-based trustee firm ProPensions, strengthening its professional trustee capability and expanding its presence in Scotland.

As part of the acquisition, all five ProPensions trustees will join IGG, and clients will continue to be served by their existing teams


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Despite pension scam measures making pension transfers more secure, they’ve also slowed the process and created more complications for legitimate transfers. As the government considers changes to cut delays, Paige Perrin explores whether new technology can help providers speed up transfers without compromising security

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