Pensions - Articles - Pensions Dashboard delay due to COVID19

 “Pension Dashboards have been hit by a series of unfortunate events in recent few years which has stalled progress. So it’s unsurprising that the Pensions Regulator has admitted in its annual report and accounts that it has failed to complete its Pension Dashboard work as originally anticipated due to the impact of the Covid-19 crisis. The Regulator’s role will be to ensure pension schemes comply in providing savers’ data to the dashboard.

 But this is dependent on the Pensions Scheme Bill receiving Royal Assent and then compelling schemes to provide savers’ data, and the Pensions Dashboard Programme setting the data standards. Both of which have also been impacted by Covid-19. The good news is that it’s now full steam ahead, with the Pensions Scheme Bill expected to get Royal Assent shortly, and the Pension Dashboard programme has restarted, reinvigorating energy back into Pension Dashboards.”