The Department for Work and Pensions (DWP) has today issued a written ministerial statement providing an update on the timeline for connecting to pensions dashboards. The statement explains that the Pensions Dashboards Programme (PDP) will be unable to meet the connection deadlines set out in legislation, and the timeline will need to be revised. PDP is working with DWP to establish a new and achievable plan for delivery.
The framework for dashboards will remain unchanged, but DWP will legislate to provide new connection deadlines. Further information on the revised timeline will be made available following agreement on PDP’s delivery plan.
Chris Curry, PDP’s Principal, said:
“Delivering the central digital architecture for pensions dashboards is a complex undertaking. DWP and the Money and Pensions Service remain committed to dashboards.
Significant progress has already been made. However, we need to do more work to ensure the connection journey is stable and secure for industry, and that it’s achievable ahead of mandatory connection.
Industry has played a significant role in getting us to this point, whether as early participants, inputting on standards or continually feeding back on getting dashboards right. We will continue to work closely with industry to deliver dashboards that will transform retirement planning and create new opportunities for engagement with savers.”
Caroline Siarkiewicz, the Money and Pensions Service’s Chief Executive, added:
“Pensions dashboards will be a vital tool for pensions savers, helping them plan effectively for and in later life, so it’s essential that we take the time to get them right.
Today’s announcement affords us the opportunity to replan the work of PDP, collaborating closely with industry partners on the way forward. MaPS, alongside Government, remains committed to this programme, and will continue to work with industry to ensure that pensions dashboards are delivered.”