Pensions Dashboards update #6

The sixth edition of our Pensions Dashboards Update is here, providing you with the critical insights and developments needed to navigate the evolving landscape of the Pensions Dashboards Programme.

From regulatory updates to actionable advice, this briefing is your go-to resource for staying informed and prepared.

Key highlights from the update

Ministerial Statement

• The UK Government reaffirms its commitment to the Pensions Dashboards timetable.
• Connect-by dates begin in April 2025, with a statutory deadline of 31 October 2026.
• Focus remains on the launch of the MoneyHelper dashboard service before connecting commercial providers.

The Pensions Regulator's Nudges and Surveys

• Trustees can expect email reminders and readiness surveys as connection deadlines approach.

Programme Standards

• PDP has updated its Technical, Data, and Reporting Standards.
• The revised standards reflect feedback from voluntary participants, ensuring a smoother connection experience.

Identity verification simplified

• The GOV.UK One Login system will streamline user access with three validation options, offering seamless connectivity across government services.

Support from PASA

• The new toolkit for Additional Voluntary Contributions (AVCs) provides detailed guidance and resources for schemes preparing for dashboard connections.

Trustee guidance and tools from BW

• Governance reports, data readiness tools, and matching criteria reports are available to help trustees meet their obligations.
• Customised solutions are offered to enhance data accuracy and streamline dashboard integration.

What you can do now

• Stay informed: Regularly review updates to regulations and guidance.
• Governance: Add dashboards to your trustee agendas and risk registers.
• Data readiness: Begin improving data quality to ensure smooth connectivity.
• Administrator alignment: Work closely with your administration provider to stay on track.

Support from BW

With our dedicated programme and technology partners, including Equisoft’s Pension Fusion, we are on track to deliver dashboard-ready solutions.

Our tailored approach ensures clients can confidently meet their obligations and unlock the full benefits of the Pensions Dashboards Programme.

Please get in touch with your usual Barnett Waddingham contact for further information.