ARTICLE · 22 NOVEMBER 2024

FCA Publishes Policy Statement And Final Rules On Regulatory Framework For Pensions Dashboard Service Firms

Norton Rose Fulbright Hong Kong

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The FCA's November 7, 2024, policy statement outlines final rules for commercial pensions dashboard services, prioritizing the non-commercial MoneyHelper dashboard. Rules take effect November 30, 2024, with commercial applications delayed pending further industry notice.

United KingdomEmployment and HR

Lesley Browning

On November 7, 2024, the FCA published a policy statement on the regulatory framework for pensions dashboard service firms, in which it summarises feedback and responds to both its previous consultations.

The policy statement sets out the rules firms operating a commercial pensions dashboard must follow. The FCA notes that the Government has announced that the Pensions Dashboard Programme will prioritise the launch of the MoneyHelper dashboard service, which is the non-commercial dashboard provided by the Money and Pensions Service, before connecting commercial dashboard services.

The final rules and guidance are set out in the Pensions Dashboard Service Instrument 2024, which come into force on November 30, 2024.

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