‘We’re not there yet’ Aegon’s Smith comments on this pivotal day for pensions dashboards

by | Dec 12, 2022

Share this article

At long last, today sees the pensions dashboard regulations coming into force. Whilst it’s a landmark day and a welcome step forward, Aegon’s Head of Pensions, Kate Smith, warns that there is still a long road ahead commenting:

“Today is a pivotal day for pension dashboards as following years in the making the pension dashboard regulations become effective. These set out detailed information on how dashboards will work, including connection dates to the architecture, provision of ‘view’ data and compliance and enforcement. The largest pension schemes and providers will start to connect to the pension dashboard architecture from April next year, and the public will be able to start seeing their pension data on dashboards a year or two later. The pensions industry and regulators will undoubtedly learn a lot from those first schemes and providers, and hopefully share these learnings for the benefit of future schemes connecting to the pension dashboard architecture, while helping to inform the regulatory approach.  

“However, we’re not there yet. There are a number of ongoing consultations from the FCA, Pensions Regulator and Pensions Dashboard Programme, and the outcome of these won’t be finalised until early next year. And there’s more to come, such as clarification around how dashboards will be launched to the public.”

 

Find out more about Aegon.

Share this article

Related articles

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, designed to fit perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode