The City of London pension fund is actively managing significant cyber security risks, with measures including corporate online training and software updates in place, according to a recent Pensions Committee meeting.
The committee, which met on Wednesday, 23 September 2026, reviewed its risk register and highlighted CHB Pensions 007 Cyber Security
as a key concern. This risk pertains to potential IT system failures stemming from ineffective procedures or inadequately trained staff. The specific threats the fund is most concerned about include these system failures, which could lead to inaccurate benefit payments, financial penalties, and reputational damage.
The 'CHB Pensions 007 Cyber Security' risk remains a significant concern, with a current risk score of 8 and a 'Constant' trend, indicating it is being actively managed. During the meeting, the committee was assured that corporate online training regarding data security is being implemented, and software is being updated to mitigate these risks. Business continuity plans are also under review.
More information on the committee's discussions can be found in the Public reports pack for the meeting, which also included the Agenda frontsheet.