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Pensions Dashboards data reminder

Publication date: 23/07/2024 10:26:16

As the pensions industry prepares for connection to the pensions dashboards ecosystem, the Pensions Dashboards Programme (PDP) has published an updated version of data standards.

The Money and Pensions Service, through PDP, is empowered by law to set standards that provide the rules and controls facilitating on-going connection to the dashboards ecosystem. One of these is data standards, which cover all data requirements for members to find and view their own pensions information.

The PDP is working closely with 20-plus volunteer participants, made up of pension providers and schemes, third-party administrators and integrated service providers (ISPs) and will begin connection testing with them from August this year.

This will help pave the way for the start of the wider industry connection dates in guidance, according to which the first cohort should connect by the end of April 2025, with the LGPS due to connect by October 31, 2025.

Chris Curry, Principal of the Pensions Dashboard programme, in a recent blog with Pensions Age magazine, has reiterated that, in readiness for the launch of Dashboards, it is imperative that all funds continue to update their own data, so it is as accurate as possible.

If you have any issues with your data submissions then please contact us at pensions@shropshire.gov.uk for further support.

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