Yesterday the Pensions Regulator (tPR) has published a new guidance based on draft regulations recently consulted on by the Department for Work and Pensions to help trustees meet their duties in relation to the pensions dashboards.
The guidance outlines the trustees' legal duties and includes a handy checklist, to help schemes manage their progress, which will be regularly updated.
TPR is now calling on trustees, scheme managers and administrators to attend a pensions dashboard webinar on 28 July at 2.30pm.
The guidance suggest Trustees should now:
- check their connection deadline. This is the date by which they will be legally required to be connected to the pensions dashboards
- have pensions dashboards firmly on their board agendas
- be deciding how they will connect: whether they will develop a solution in house, use a pensions administrator or integrated service provider
- be taking stock of and digitising their data. This is crucial so that savers are successfully matched to their pensions
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