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Pensions Dashboard Update
25 March 2024
Type
Written Ministerial Statement
Department
Department for Work and Pensions
At a Glance
Issue Summary
The statement discusses the progress and plans for the implementation of pensions dashboards in the UK.
Action Requested
The Secretary of State will publish guidance setting out a staged timetable for connecting pension schemes and providers, aiming to facilitate the connection process by prioritizing larger schemes and reaching a deadline of October 31, 2026. This marks significant progress towards launching pensions dashboards in early 2025.
Key Facts
- The Pensions Dashboards Programme plans to begin connecting organisations from August 2024.
- Connection testing will continue to ensure readiness for wider industry connection from early 2025.
- Approximately 3,000 pension schemes and providers are in scope by the October 31, 2026 deadline.
- The first cohort of connections is expected to be completed by April 2025.
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