The Department for Work and Pensions (DWP) has launched a consultation on the draft pensions dashboards regulations.
The consultation seeks views on the draft regulations which make provision for requirements to be met by pension dashboard services or the providers of these services, and by trustees or managers of relevant UK occupational pension schemes.

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The regulations – which the DWP said will apply to all registrable UK-based occupational pension schemes with active and/or deferred members, including public service pension schemes – include requirements to be met by pensions dashboards services in order to be “qualifying pensions dashboards services”.

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Also, requirements on trustees or managers of relevant occupational pension schemes in relation to cooperating with and connecting to the Money and Pensions Service (Maps), along with the data they must provide to individuals via Maps, and provisions for The Pensions Regulator (TPR) to take enforcement action in relation to pension schemes that do not comply.

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The proposals cover data, find and view, connection, staging, compliance and enforcement, and qualifying pensions dashboards services.

The DWP said the staging profile should “prioritise schemes by the number of members they have, to maximise the level of member coverage in the shortest possible timeframe”.

The consultation details the three staging cohorts and explains large schemes will on-board between April 2023 and September 2024, medium schemes between October 2024 and October 2025, and then small and micro schemes will be expected from 2026.

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