Regulator of Pensions Posts Survey on Dashboard Preparedness and Corresponding Blog
The pension industry is making significant strides towards dashboard connectivity, with several major administrators and providers already connecting substantial numbers of members and schemes to the Pensions Dashboards ecosystem.
According to a report published by the Regulator, only 42% of schemes offering DC AVCs with a separate AVC provider have discussed preparations with their provider. However, trustees and scheme managers are encouraged to take the steps set out in the Regulator's dashboards guidance and checklist to ensure compliance and readiness for connection.
The success of dashboards depends on the quality of pensions data, and there is still work to be done in this area. The Regulator's report highlights that only half of schemes offering DB benefits have recent DB value data for all members. Moreover, one in four schemes hold some view data in non-digital format.
To address these concerns, the Pensions Administration Standards Association (PASA) has published new guidance titled "Securing Tomorrow: Essential Steps for Trustees and Pension Providers to Protect Member Data." The PASA guidance seeks to establish a culture of data security awareness across all stakeholders and aims to provide schemes with tools to assess, protect, and respond to data security risks.
The Regulator's report focuses on schemes in the first nine cohorts of the staged connection timetable, due to connect between April 2025 and February 2026. Trustees and managers are encouraged to collaborate with their administrators and AVC providers to ensure data readiness for dashboards.
The report also reveals that almost all schemes are aware of their key duties regarding dashboards, and 72% have completed key preparatory actions or have plans to achieve them. Furthermore, almost 80% of schemes expect to connect to dashboards by their allotted date.
However, the Regulator's accompanying blog urges schemes not to miss their dashboard connection date over a "data debt." Trustees and administrators are particularly urged to focus on data quality and system readiness early to avoid last-minute issues and to facilitate smooth member access once dashboards become fully operational.
In summary, the pension industry is advancing well toward dashboard connectivity, with clear recommendations from the Regulator for trustees, administrators, and AVC providers to focus on compliance, data accuracy, collaboration, and early testing to ensure readiness by the government’s final deadlines.
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