The Pensions Regulator launches the "Deadline" campaign for trustees
24 June 2022
The Pensions Regulator (TPR) has launched a new campaign to remind and support trustees to prepare for pensions dashboards duties before the deadline.
The 'Deadline' campaign has been launched because research shows most trustees have yet to prepare for their dashboards deadline. TPR has published new guidance following consultations held by the Department of Work and Pensions (DWP).
Research which will be published soon shows that 51% of Defined Contribution (DC) schemes and 33% of Defined Benefit (DB) schemes still hold non-electronical member and only 4% of DC schemes and 9%of DB schemes have started digitising their records in preparation for the pensions dashboards.
David Fairs, TPR’s director of regulatory policy, analysis and advice commented: “Schemes should be taking action now - their connection deadline is coming. Pensions dashboards are a hugely innovative tool that will enable savers to see their pensions in one place. It is a crucial step forward in helping savers to get to know their pensions, make good decisions and plan for the retirement they want. In line with our corporate strategy, we embrace innovation and we are committed to making dashboards work so that savers have a complete and accurate picture of their savings. We know this is a significant undertaking for industry and so we will be rolling out a comprehensive programme of support in the months ahead.”
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