IDG commissions dashboard data research

The Industry Delivery Group (IDG) is consulting on the challenges faced by pension providers and schemes to meet data compulsion laws.

It announced that it has commissioned “specialist, independent, qualitative research” to providers and schemes to explore the challenges posed by new compulsion laws to make member data available to them on the dashboard.

The research has been commissioned by the IDG, which has been established by Maps to take forward the creation of the of the technology that will enable dashboards.

It also stated that it is developing a Data Scope Paper on its latest assumptions for dashboard data across the industry, which will be published “in the coming months”.

On the collection of data through its industry research, IDG industry lead, Richard Smith, said: “We see it as critical that the indicative findings from this research are played into the Spring data work mentioned above, in order to deliver a realistic plan for exposing pensions data to dashboards, in a way that most consumers will find useful.”

Smith added that the group was “excited” to see the Pension Schemes Bill reach the House of Lords Committee stage.

He continued: “Many of these issues will be debated by the Noble Lords and Ladies in Committee from the last week in February.

“I’m sure I won’t be the only one keen to track the debate and read everything available as it takes shape. This is an important and exciting time for us at the IDG and fundamental to this great service we are working towards.”

Earlier this month (14 February), The House of Lords’ Constitution Committee said it regretted the inclusion of “such a skeletal provision” of pensions dashboard powers in the Pension Schemes Bill.

While the committee acknowledged that some of the powers were required in order to allow the parties involved in the dashboard’s creation to share data, it added that further powers should have been “omitted” until further preparation of pensions dashboard policy.

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