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ARTICLE · 10 AUGUST 2022

The Pensions Brief: July 2022

Mayer Brown
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The government has responded to its consultation on draft regulations setting out the detailed requirements for pension dashboards.

United KingdomEmployment and HR
Jay Doraisamy
Jay Doraisamy
Katherine Carter
Katherine Carter
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Issues affecting all schemes

Pensions dashboards – detailed requirements

The government has responded to its consultation on draft regulations setting out the detailed requirements for pension dashboards. The response notes that a number of changes will be made to the regulations in light of the consultation, including the following:

  • The staging deadlines for the first two cohorts (master trusts with 20,000+ active and deferred members and DC schemes being used for automatic enrolment with 20,000+ active and deferred members) will be deferred by two months.
  • The provisions around how the staging deadline for a hybrid scheme is determined will be changed so that the scheme would total the active and deferred members across both the DC and DB sections and treat the entire membership as a DB scheme to determine the staging deadline.

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