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

94 percent view State Pension as an entitlement not benefit
Majority of adults aged 66+ say that Triple Lock is affordable and fair to older generations. Around one in seven rely on the State Pension to provide
Fair play off the pitch
Male players in the English Premier League earn an average of more than £3 million per year, while their female counterparts average around £47,000. T
Why Bitcoin matters to Pension Schemes
Back in November 2024, Cartwright Pension Trusts announced its role in facilitating the first-ever UK DB pension trust investment in Bitcoin. With the

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.