Regulations to enable millions of UK savers to access their pensions information at the touch of a button have been laid before Parliament.
Pensions dashboards will allow people to see what they have in their various pensions – including their state pension – in a single place online, at any time they choose. These new regulations outline how pension schemes will connect to the Department for Work and Pensions’ (DWP) dashboard ecosystem and what providers must do to become a qualified pensions dashboard service.
According to Pensions Dashboards Programme principal, Chris Curry: “Pensions dashboards will make a real difference to how people view their pensions savings, and how pension providers and schemes engage with their members and customers. There are now just over six months until the first window opens for pension providers and schemes to begin mandatory connection to the dashboards ecosystem.
"Dashboards will soon become a reality, and government, the regulators and industry will work together to make them a success."
Taking onboard feedback from industry, DWP has also announced that the Dashboard Availability Point (DAP) will be announced six months in advance, giving time for industry to make final preparations for the public launch of the service.
