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

Blueprint for the future DC pensions market
The emergence of 10-15 megafunds by 2035 will drive better outcomes and facilitate increase in private market allocations. A more value-focused system
DWP launches State Pension Age comms action plan
The DWP has published its action plan into State Pension age communications, establishing a new strategy for effective, timely and modern communicatio
DB Trustees warning over conflict with pension surpluses
Every single trustee surveyed agrees there is increasing government pressure to use surpluses in ways that might conflict with fiduciary duties. Nearl

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.