On 24 April 2025, the Pensions Dashboards Programme (PDP) published a report on personal pension providers’ readiness for pensions dashboards.
Background
The PDP explains that Ipsos carried out an online survey of Financial Conduct Authority (FCA) regulated pension providers to understand how they are preparing to connect to the pensions dashboards
On 17 April 2025, the Pensions Dashboard Programme (PDP) announced that the first pensions dashboard provider has finalised its connection to the pensions dashboard ecosystem.
The connection is in line with the staged timetable set by the Department for Work and Pensions (DWP) and the PDP notes that it follows the
Growth, says Rachel Reeves, is her “number one mission”. UK pension schemes, with vast assets, have since come sharply into political focus. In our new UK Pensions Briefing, we focus on three sets of government proposals with the potential to shake up the industry.
Please see our briefing here.
On 18 March 2025, the draft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.
The draft Regulations relate to the temporary exemption which pension scheme arrangements (i.e. pension funds) currently have from the clearing obligation, which requires them to clear
On 13 March 2025, the Pensions Dashboard Programme (PDP) published an updated set of standards.
Background
The PDP, as part of the Money and Pensions Service, has powers under the Pension Schemes Act 2021 and the Pensions Dashboards Regulations 2022 to set standards relating to the practical operation of pensions dashboards services
On 28 February 2025, the House of Commons (HoC) Work and Pensions Committee announced that it would hold an evidence session to examine progress towards delivering online pensions dashboards, which are intended to enable individuals to find information on all of their pension pots and their value in one place.
While it is
On 11 February 2025, the Financial Conduct Authority (FCA) published a new webpage, ‘Pension dashboards: how to register with the Money and Pension Service’ (MaPS). The webpage sets out what pension providers need to do in order to register their connection with the pensions dashboard ecosystem provided by MaPS.
On 30 January 2025, the Financial Conduct Authority (FCA) published Evaluation Paper 25/1 (EP25/1), in which it shares the results and lessons learned from its ban on contingent charging and other remedies in the defined benefit (DB) transfer advice market in 2020.
Background
Through its investigation in consultation paper
On 12 December 2024, the Financial Conduct Authority (FCA) published a consultation paper, CP24/27, on the Advice Guidance Boundary Review – proposed targeted support reforms for pensions.
In CP24/27, the FCA sets out its high-level proposals for targeted support in pensions, as part of the Advice Guidance Boundary Review (AGBR)
On 14 November 2024, HM Treasury issued a consultation setting out proposals to legislate for a minimum size and maximum number of Defined Contribution (DC) pension scheme default funds.
Policy
The Government believes that the future of the workplace DC market lies in fewer, bigger, better run schemes, with the scale and capability