Data quality is essential for the success of pensions dashboards and, with dashboards deadlines looming, every trustee should see it as a priority.

We want dashboards preparation to be a catalyst for greater attention on the pensions industry’s data rather than the end of the digitalisation journey.

Schemes should undertake regular data reviews and rectification to improve data quality in preparation for dashboards.

We also recognise the importance of data in enabling innovation, transparency, and regulatory effectiveness.

High-quality data will be vital to ensure savers can find and engage with their pensions through dashboards, giving them better access to pensions information, aiding retirement planning and improving outcomes.

Beyond dashboards, we want schemes to adopt common standards for data and, where appropriate, make data more open – easier to access, use, modify, and share.

This should bring benefits including efficient administration, managing costs, better risk assessment, and supporting strategic planning.

Our upcoming data strategy aims to create an efficient and effective pension industry that meets new benchmarks for transparency and efficiency.

Schemes should seize this opportunity to improve data and adopt new technologies, including AI, which ultimately, I believe will lead to improved saver outcomes

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