PDP shares updated pensions dashboards reporting standards

The Pensions Dashboards Programme (PDP) has published an updated version of its reporting standards, as the programme continues to move forward "with pace".

The document sets out the requirements on pension providers and schemes, and dashboard providers, for generating, recording and reporting data, including information for security protection, tracking performance, and helping regulators to monitor compliance with legal obligations.

Alongside this, PDP shared minor changes to its data standards and the code of connection, and provided updates to Find and View JSON schemas.

It also released a view data model, which provides more information on the structure of a view response.

Commenting on the updates, Money and Pensions Service (Maps) CEO, Oliver Morley, said: “The PDP is now moving forward with pace, as we head towards connecting wider industry to the ecosystem in 2025.

"These updated standards are just the latest piece of delivering dashboards that will make a real difference to how people plan for their retirement.”

Indeed, this is the latest in a number of recent updates on pensions dashboards, as the Financial Conduct Authority (FCA) recently published its final rules and regulatory framework for pensions dashboard service (PDS) firms, in what was highlighted as a "big step forwards".

In addition to this, The Pensions Regulator recently confirmed that it has begun contacting pension schemes to urge them to improve their data quality in the run up to pensions dashboards’ launch, warning that it “will challenge those that are not able to demonstrate how they meet [its] expectations, and regulatory action may be taken if necessary”.

The government also reiterated its commitment to pensions dashboards in a statement from Pensions Minister, Emma Reynolds, which revealed that the PDP will be prioritising work on the launch of the MoneyHelper dashboard service, before turning to the work of connecting commercial dashboard services.

However, industry preparations for commercial dashboards have continued, with four new organisations joining the Dashboard Operators Coalition (DOC), bringing the total number of members to 15.



Share Story:

Recent Stories


Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

Time for CDI
Laura Blows speaks to AXA Investment Managers (AXA IM) senior portfolio manager for fixed income, Rob Price, about cashflow-driven investing (CDI) in Pensions Age’s latest video interview

The role of CDC
In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space
Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

Advertisement