Quarter of work pension schemes lack risk strategy - TPR

Despite nearly three quarters of schemes reporting they have a risk process in place, only two thirds of trustee boards are very confident they are properly guarded against specific risks. Just two fifths of schemes (43%) have confidence in the controls relating to data transfer, though trust in internal management of fraud was higher with two thirds (66%) being very confident in the process. Larger schemes were much more likely (91%) to have a risk strategy compared to only 59% of smaller schemes, the figures from the Pensions Regulator's fourth annual governance survey suggest. D...