Pensions dashboards standards consultation
Pensions dashboards will help individuals view their pensions information online, securely, and all in one place, thereby supporting better planning for retirement and financial wellbeing. Pensions dashboards are apps, website or other tools which will bring together all an individuals’ private pensions (including public sector workplace pensions) and their state pension, in one secure place online.
The Money and Pensions Service (MaPS) established the Pensions Dashboards Programme (PDP) in 2019 to be responsible for designing and creating the pensions dashboards ecosystem, which contains the digital architecture that will make dashboards work. PDP is a function of MaPS and is responsible for building and maintaining the central digital architecture and the governance framework to support and enable the implementation and operation of multiple pensions dashboards.
Purpose of standards
Standards will ensure the security, stability, and effective operation of dashboards. They set out the technical and operational detail underpinning the primary and secondary legislation and outline the requirements for all pension providers and dashboards connecting to the ecosystem.
Purpose of the consultation
The Department for Work and Pensions (DWP) intend for the new legislative framework to come into place from April 2023 (subject to its staging proposals applying to pension providers). We want to give the pension industry as much notice of our plans and direction of travel for these technical and operational requirements.
We are seeking views from relevant stakeholders on the content and application of the standards and guidance and any areas where further clarification or detail is required.
This consultation opened on 19 July 2022 and will run for six weeks until 30 August 2022.
We will publish our response to this consultation. The report will summarise our responses and the final standards.
PDP ran a series of webinars to assist stakeholders with their responses to the pensions dashboards consultation.
You can watch the recordings of each webinar below:
Webinar 1: Introduction to standards and the consultation – Thursday 21 July
Webinar 2: Connecting to the pensions dashboards ecosystem – Monday 25 July
Webinar 3: Operating within the pensions dashboard ecosystem – Tuesday 26 July
How to respond
Please send your consultation responses to email@example.com
When responding please indicate which standard or guidance you are responding to and whether you are responding as an individual or representing the views of an organisation.Download the pensions dashboards standards consultation