Pensions - Articles - Even 2025 looks challenging for Pensions Dashboard rollout


The Pensions Dashboard Programme has published a ‘call for input’ into the sequence in which pension schemes will have to provide data to pension dashboards. Previously the PDP had indicated that dashboards would “start to operate” from 2023, but today’s document is more explicit that full coverage may not be achieved until 2025 or beyond.

 And, according to George Currie, consultant at LCP, who until December 2020 was seconded to the Pensions Dashboards Programme, even that timetable may be challenging.

 George Currie said: “The PDP’s timeline for onboarding pension schemes and providers to the dashboards ecosystem is undoubtedly ambitious and even 2025 looks challenging. If it delivers find and view functionality for the vast majority of pension entitlements by 2025, this will be a remarkable achievement. However, the scale of preparation required in a relatively short space of time by so many schemes, with vastly different types of entitlement, will be a significant challenge for schemes, who will have to update – and in some cases revolutionise – data management and governance processes to ensure compliance with the timeline. Equally, this timeline is dependent on the successful development, testing, and roll out of the digital architecture of the dashboards ecosystem by the PDP over the coming 18 months, a challenge in itself that should not be underestimated”
  

Back to Index


Similar News to this Story

Budget is one step forward two steps back for entrepreneurs
The Autumn Budget risks undermining the Government’s ambition to help British entrepreneurs start, scale and stay in business, sending mixed messages
Dashboard connection deadline imminent next phase vital
With the long awaited deadline for connecting to the MoneyHelper Pensions Dashboard now imminent, in the below comment, Lumera discusses what schemes
The Top Annuity Myths Busted
Nearly a third (30%) of UK adults aged 50 and over feel annuities are too difficult to understand, with women more likely to feel unsure than men. 17%

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.