Today, an update was provided on the timeline for implementing these plans and according to the release, creating and setting the first version of data standards will be laid out in December 2020.
From here, testing, onboarding and transitions will be done over the coming years, with completion expected from 2023.
Chris Curry, the Principal of the Pensions Dashboards Programme at MaPS, commented on the proposed timeline: “As we set out a timeline for the delivery of pensions dashboards, which will enable people to see their pensions information online, securely and in one place, we are grateful for the industry’s valuable input to date which has helped us develop a robust roadmap for development.
“While dashboards are a simple concept, the delivery of dashboards will be complex and is reliant on collaboration between the PDP and many other organisations across Government, regulators, dashboard providers, pension schemes and providers to complete actions at a specific time.
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