The Pensions Dashboards Programme (PDP) has successfully tested an end-to-end version of the dashboard ecosystem, PDP principal, Chris Curry, has revealed.
Speaking at the PLSA Local Authority (LA) Conference, Curry noted that the alpha phase of the project was complete and the successful test of the ecosystem took place at the end of May.
“We’ve connected Altus and ITM in to provide dummy data at one end, we’ve connected the Money and Pensions Service (Maps) dashboard at the other end, and we’re working to connect MoneyHub as well, and we can see the flow of data in both directions from one to the other as part of that,” he explained.
“So, the architecture now exists, it works. There are a few modifications to make, a few extensions to do, but the basic premise is there.
“We are still keeping pace with what I think is quite an ambitious timeline to deliver pensions dashboards in this timeframe and transitioning to business as usual at some point from 2024 onwards.”
Curry also noted that the PDP has been drafting the standards for dashboards and is expecting the consultation on the standards to be published in July.
“We will be working with as many people in as many different ways as possible,” he said.
“It’s not going to just be ‘here’s a piece of paper, you have six weeks to send us back all your answers’.
“We’ll be running webinars, we’ll be holding interactive events. We want to make sure that we can get the best evidence and information to come back into the design of these standards.”
The PDP is working with Department for Work and Pensions (DWP) Digital as a voluntary data provider to include state pension data in the alpha integration testing window, which is planned for this year.
The DWP will publish its response to its consultation on the regulations in the summer and lay the regulations as soon as parliamentary time allows, with the Financial Conduct Authority (FCA) planning to publish its policy statement and finalised handbook rules for FCA-regulated pension providers alongside the DWP’s regulations.
The FCA is also currently developing the regulatory framework to apply to qualifying pensions dashboard operators and plans to consult on the framework later this year.
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