The Prudential Regulation Authority ("PRA") has set out its 2025 expectations for UK insurers, by way of a Dear CEO Letter. The areas are not exhaustive but do represent "thematic priorities". The themes will not come as a...more
1/22/2025
/ Capital Requirements ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Insurance Industry ,
Liquidity ,
Pensions ,
Prudential Regulation Authority (PRA) ,
Regulatory Requirements ,
Risk Management ,
UK
The Pensions Regulator (TPR) has published a regulatory intervention report outlining how they worked with Capita following a cyber incident last year (see our legal update), and detailing the key steps trustees should take...more
2/14/2024
/ Compensation & Benefits ,
Cybersecurity ,
Data Breach ,
Employee Benefits ,
Employer Liability Issues ,
Financial Services Industry ,
Incident Response Plans ,
Pension Schemes ,
Pensions ,
Popular ,
Retirement Plan ,
Risk Management ,
The Pensions Regulator (TPR) ,
UK
With the pensions industry having direct experience of recent cyber security incidents, the Pensions Regulator (TPR) has updated its guidance for trustees in this area. As a reminder, this year saw Capita suffer a cyber...more