FCA Consultation on Pensions Dashboards CP22/3: PLSA Response

In response to the FCA’s consultation, the PLSA calls on the FCA, alongside other regulators, to have a grace period around scheme connections to dashboards for 12 months after the go-live point.

We also seek greater alignment between the FCA and TPR on how the rules are regulated including the application of any fines and reasons for deferring connection.

The PLSA continues to make the point that extensive user testing is needed before the public launch of dashboards to ensure thresholds on coverage, data matching accuracy and user understanding are met.