Yesterday the Pensions Regulator (TPR) has published an article about the pensions dashboards to remind trustees and scheme managers to start working collaboratively to progress dashboards quickly and efficiently.
The Minister for Pensions laid amending regulations on 8 June to implement an approach to delivery of pensions dashboards. These regulations include a connection deadline of 31 October 2026, with anticipation that a staging timeline will be set out in guidance.
Trustees and scheme managers must:
1- understand the data that’s required to match savers to their pensions;
2- understand the data that will be sent for savers to view;
3- audit whether that data is in a dashboards-ready format;
4- verify that all data is accessible, accurate, and available digitally — a scanned document or PDF isn’t enough;
5- make sure that any gaps are filled as much as possible;
6- decide how to ‘match’ savers to their pensions;
7- consider that value data is a fundamental part of the user experience - Trustees and scheme managers will only have a limited time to provide this data — in many cases they will need to return it instantly and at most they will have three days to calculate a DC value and return it, or 10 days for a DB benefit; and
8- work with administrators to assess how much value data Trustees and scheme managers can frontload.
Here the link to TPR article https://lnkd.in/e-GpmBNZ
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