DWP consultation on draft Pensions Dashboards regulations 2022: PLSA response

The PLSA has long been supporter of pensions dashboards, including as an active member of the Pensions Dashboards Programme’s steering group, and believes, alongside Retirement Living Standards, they could play a fuller role in supporting effective decision-making by savers.

Pensions Dashboards must meet threshold tests for coverage, accurate data matches and user understanding to ensure savers are not met with incomplete or confusing or incomplete information when accessing Pensions Dashboards for the first time.

The staging timeline sets out when schemes should connect to the Pensions Dashboards architecture, but the key to the success of the project will be ensuring they are useful and understandable by savers at public launch.