PDP to launch pensions dashboards standards consultation next week

The Pensions Dashboards Programme (PDP) has confirmed plans to launch a six-week consultation on dashboards standards from 19 July, alongside a call for input on the design standards.

The standards are expected to outline the technical and operational detail underpinning primary and secondary legislation, and the requirements for all pension providers and dashboards connecting to the ecosystem.

Alongside this, PDP has confirmed that it will also run a call for input on the design standards, which will set out requirements for presentation of the pensions data and design of the dashboards, including messaging, signposting and onward customer journeys.

A formal consultation on the design standards is then expected to follow in autumn.

The programme will also be publishing further guidance and hosting a number of webinars to support respondents to the consultation, including a session on connecting to the pensions dashboards ecosystem, and operating within the pensions dashboards ecosystem.

PDP principal, Chris Curry, commented: “These standards provide crucial detail to help industry prepare to connect to the dashboards ecosystem.

"Alongside the standards we will also be publishing supporting guidance and best practise, including data usage examples, to provide further clarity.

"We are running this consultation exercise to ensure that colleagues across the sector can share their views on our proposed content and to identify any further industry needs.”

PDP is expected to publish its consultation response and final standards documents in the winter.

The launch of the consultation is in line with PDP's broader timeline, having recently confirmed that it had successfully tested an end-to-end version of the dashboard ecosystem, also connecting its first commercial pensions dashboard last month (June).

Focus on pensions dashboards preparation has also continued to grow in recent months, with The Pensions Regulator recently launching a campaign to remind trustees of their deadlines, and publishing new guidance on the draft regulations.

However, the Department for Work and Pensions recently confirmed the deadlines for the first two staging cohorts have been deferred by two months, with a consultation on the details for the dashboards availability point also still underway.

Interest in pensions dashboards nonetheless remains strong, according to industry research, with a survey from Aegon revealing that over three-quarters (77 per cent) of people with multiple pension pots think dashboards would be useful.

    Share Story:

Recent Stories


Are current roads into retirement delivering member value?
Laura Blows explores HSBC Master Trust’s recent report, Converting pension pots into incomes, with HSBC Retirement Services CEO, Alison Hatcher.

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

Pension portfolios – the role of asset-backed securities
Laura Blows is joined by Royal London Asset Management (RLAM) head of sterling credit research, Martin Foden, and its Senior Fund Manager, Shalin Shah to discuss the role of asset-backed securities (ABS) within pension fund portfolios
Incorporating ESG into fixed income
Laura Blows is joined by TCW head of fixed income ESG, Jamie Franco, to discuss incorporating environmental, social and governance (ESG) strategies into fixed income portfolios