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ARTICLE · 09 MARCH 2022

Pensions Dashboards - Consultation On Detailed Requirements

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Government consultation on draft regulations for the implementation of pensions dashboards has begun. The consultation closes on 13 March. As a reminder, pensions dashboards will allow an...

United KingdomEmployment and HR
Jay Doraisamy
Jay Doraisamy
Katherine Carter
Katherine Carter
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Government consultation on draft regulations for the implementation of pensions dashboards has begun. The consultation closes on 13 March. As a reminder, pensions dashboards will allow an individual to view information about all their pension savings (including their state pension) on a single website, even where the individual has savings in multiple pension schemes. The Money and Pensions Service ("MAPS") will provide a non-commercial dashboard, while other entities will also be able to provide dashboards if they are authorised by the Financial Conduct Authority ("FCA") to do so. Any such providers will need to meet standards that are set out in the draft regulations.

Broadly, trustees will have to meet requirements relating to: (a) cooperation and connection, (b) provision of pensions information and (c) record-keeping and reporting. In meeting these requirements, trustees will need to comply with standards to be issued by MAPS and have regard to guidance to be

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