Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what progress his Department has made on the implementation of pension dashboards.

The Government has made significant progress in implementing pensions dashboards, working in close collaboration with key delivery partners including the Pensions Dashboards Programme which is part of the Money and Pensions Service, the Pensions Regulator and the Financial Conduct Authority.

Following extensive consultation with industry and other interested parties, the Department laid the draft Pensions Dashboards Regulations 2022, in Parliament on 17 October 2022. This was an important milestone, setting out detailed requirements for occupational pension schemes and for organisations seeking to provide a qualifying pensions dashboard service. The Regulations were subsequently approved in Parliament on 16 November 2022 and are due to come into force this winter. Alongside this, the Financial Conduct Authority intends to publish final rules for personal and stakeholder pensions shortly and The Pensions Regulator is providing support to help schemes meet their connection deadlines, including through guidance and writing to schemes at least 12 months ahead of their deadline.

The Pensions Dashboards Programme is responsible for delivering the digital architecture that will make dashboards work. They published their latest progress report on 26 October 2022 outlining key milestones and next steps, such as finalising a suite of operational and technical standards for dashboards. The Programme intends to consult on design standards this winter. The PDP has consulted on the data, technical, code of connection, and reporting standards relating to dashboards and will publish a response later this year. The overall delivery timetable remains on track with the Programme focused on building and testing the digital architecture to enable the first cohort of schemes to connect from April 2023.