The Pensions Regulator (TPR) has urged trustees not to lose focus on improving data quality, despite the recent pensions dashboards reset.

Speaking at the PMI’s DC and Master Trust Symposium yesterday (20 April), TPR interim director of regulatory policy, analysis and advice, Louise Davey, stated that the regulator did not want trustees to lose focus on the data quality issue while waiting for the revised pensions dashboards timelines.

“TPR has been talking about [data quality] for a very long time, long before the dashboards were even considered," she explained, continuing: "We had started to get momentum with that and that is something we do not want to be lost, as having good quality data is fundamental to the running of the scheme.

"We need to make sure that confidence in pensions is maintained; regardless of how that data actually ends up appearing in front of the saver, it has to be correct.

“We know it has historically lacked funding, lacked focus, it’s not been at the top of agenda, so we would want to keep it coming up the agenda and getting that increased focus, so the data is ready for when the dashboards connections start.

"But regardless of that it’s an important thing to be doing anyway, to make sure we are getting those benefits right for savers."

The Department for Work and Pensions (DWP) announced plans for a ‘reset’ of the Pensions Dashboards Programme (PDP) in March, with a further update on the plan for the delivery of pensions dashboards expected before summer recess.

The framework for dashboards will remain unchanged, although DWP will legislate to provide new connection deadlines and further information on the revised timeline will be made available following an agreement on PDP’s delivery plan.

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