The Government has restated its commitment to delivering pensions dashboards in a written statement.
Dashboards reporting standards updated by PDP
- The Pensions Dashboards Programme (PDP) has released updated reporting standards
- Reporting standards set out the requirements for data to be recorded and returned
- Minor updates have also been made to data standards and the code of connection
In the latest step towards making pensions dashboards a reality, the Pensions Dashboards Programme (PDP) has published an updated version of reporting standards.
This document sets out the requirements on pension providers and schemes, and dashboard providers, for generating, recording and reporting data. This includes information for security protection, tracking performance, and helping regulators to monitor compliance with legal obligations.
PDP has also made minor changes to data standards and the code of connection, and provided updates to Find and View JSON schemas. In addition, a view data model has been released, providing more information on the structure of a view response.
The Money and Pensions Service (MaPS), through PDP, is empowered by law to set standards for dashboards. These are mandatory for pension providers and schemes, and potential dashboard providers.
Oliver Morley, CEO of MaPS, said:
“The Pensions Dashboards Programme is now moving forward with pace, as we head towards connecting wider industry to the ecosystem in 2025. These updated standards are just the latest piece of delivering dashboards that will make a real difference to how people plan for their retirement.”
ENDS
About PDP
The Money and Pensions Service (MaPS) has established the Pensions Dashboards Programme team to design and implement the ecosystem that will make pensions dashboards work and which will enable individuals to view all their pensions data via their chosen dashboard. Pensions dashboards will enable individuals to access their pensions information online, securely and all in one place, thereby supporting better planning for retirement and growing financial wellbeing. Dashboards will provide clear and simple information about an individual’s multiple pension savings, including their State Pension. They will also help them to reconnect with any lost pension pots.
The Pensions Dashboards Programme has its own website where news, blogs and reports will be published regularly – pensionsdashboardsprogramme.org.uk/
MaPS’ role in developing pensions dashboards
Government has committed to facilitating the pensions industry to develop this initiative and have given specific responsibilities to the Money and Pensions Service (MaPS) which include:
- bringing together a programme team to lead the implementation of pensions dashboards
- appointing an industry steering group to set the strategic direction of the programme
- working to create and run a non-commercial pensions dashboard – the MaPS dashboard
About the Money and Pensions Service
The Money and Pensions Service's vision is “Everyone making the most of their money and pensions.” MaPS offers free, impartial help and guidance on money and pensions via www.moneyhelper.org.uk and 0800 138 7777. For services in Welsh, please visit www.helpwrarian.org.uk or call 0800 138 0555. The service includes a range of free tools, plus the opportunity to speak to an expert via WhatsApp, phone, email or live chat. MaPS also co-ordinates the UK Strategy for Financial Wellbeing, working with partners and stakeholders to help everyone find their way forward and build a better financial future.
MaPS is an arms-length body, sponsored by the Department for Work and Pensions and funded by levies on both the financial services industry and pension schemes. For more information, visit MaPS’s website or annual corporate plan and strategy.
