Delay to first pensions dashboard staging dates

25 July 2022

The Department for Work and Pensions (DWP) has confirmed, in a consultation response, that the original pensions staging timetable was ‘ambitious’. As a result, it has opted to defer the deadlines for a period of two months for the first two staging cohorts. The connection window for the first cohort has also been expanded to five months. It is hoped the connection can begin from 1 April 2023.

Master trusts with 20,000 or more relevant members will be impacted, along with money purchase schemes used for automatic enrolment with 20,000 or above members. The staging deadlines will move to 31 August 2023 and 30 September 2023 respectively. Public sector pension schemes will see their staging deadline extended to 30 September 2024. The longer timescale is to allow time for schemes to implement the McCloud remedy. 

Pensions minister, Guy Opperman, commented:

“The building and initial testing of the digital architecture by the Pensions Dashboards Programme is already well underway. Trustees or managers of pension schemes of all types and sizes should therefore focus their preparations on making sure their data is ready and they have plans in place for how they intend to connect to the digital architecture.”

The government response to the Draft Pensions Dashboard Regulations 2022 can be found here.

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