Pensions Minister (): Pensions dashboards will
transform the way in which people plan for retirement. On 2 March
2023, I announced that the Pensions Dashboards Programme would
require additional time to deliver the connection of pension
providers and schemes, in accordance with the connection
deadlines set out in the Pensions Dashboards Regulations 2022 and
the Financial Conduct Authority’s corresponding pensions
dashboard rules.
More time is needed to deliver this complex build, and for the
pensions industry to help facilitate the successful connection of
a wide range of different IT systems to the dashboards digital
architecture. As part of our reset of the Pensions Dashboard
Programme, I am today laying amending Regulations with a new
approach to delivery that allows us to work more collaboratively
with the pensions industry. Rather than setting out the entire
staging timeline in legislation, we will instead set this out in
guidance which we will collaborate on with industry this year.
This will give the Pensions Dashboards Programme the flexibility
it needs to ensure this complex project is completed effectively.
In recognition that the requirement to connect to the digital
architecture should remain mandatory, we will include a
connection deadline in legislation of 31 October 2026. This is
not the Dashboards Available Point – the point at which
dashboards will be accessible to the public – which could be
earlier than this.
The Government remains as committed as ever to making pensions
dashboards a reality and we are ambitious about their delivery. I
am confident that this re-appraised approach will enable us to
make significant progress on delivering dashboards safely and
securely, enabling consumers to take advantage of their benefits
to plan for retirement.
