Data collection key for Pensions Dashboard connection
Pensions dashboards are being created so that savers will be able to see their pension information in one place.
A saver will use dashboards to search the records of all pension schemes to confirm whether or not they are a member and help members plan for retirement by:
- finding their various pensions and reconnecting them with any lost pension pots
- understanding the value of their pensions in terms of an estimated retirement income
The Money and Pensions Service (MaPS) will develop and host its own pensions dashboard on the MoneyHelper website. Other organisations will also be able to develop and host their own dashboards, subject to approval and regulation by the Financial Conduct Authority (FCA).
For pensions dashboards to work, MaPS is building a digital architecture which will connect pensions dashboards to pension schemes.
The Pensions Dashboard Regulations 2022 (as amended by The Pensions Dashboards (Amendment) Regulations 2023) provide for a single connection deadline of 31 October 2026 for relevant schemes to connect to the dashboard ecosystem.
The guidance published on 25 March 2024 sets out a staged timetable for the process of connecting thousands of schemes by 31 October 2026. The guidance specifies 31 October 2025 for public service pension schemes such as Shropshire County Pension Fund.
To ensure we are ready for this date, we would like to remind employers of the need to ensure the data they submit to us through iConnect is as accurate as possible. This will ensure our members can access their pension details through the Pensions Dashboard.
The fund reviews all data received from employers and will be in contact if there are any issues with the data being submitted.