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Essential Corporate News – Week ending 10 January 2025
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
Pensions Dashboards Programme publishes its progress update report
United Kingdom | Publication | November 2022
On October 27, 2022, the Pensions Dashboards Programme (PDP) published its sixth update report summarising its activity since April 2022, and its areas of focus up to April 2023.
The build is completed and the central digital architecture is now being tested. The PDP is now working with over 20 organisations as early participants, who are assisting in testing and refining the framework.
Alongside this, the various technical and operational standards which will enable pension providers and schemes to meet their connection duties, continue to be developed. The PDP will be publishing an updated draft for consultation of these standards “in the winter”. The PDP expects to review consultation responses and publish an updated version of the design standards in 2023.
The PDP emphasises that readying data is a critical part of the process for pension providers and schemes preparing to connect to pensions dashboards. The PDP has provided video guidance on how to cleanse data so that it is accurate and up-to-date.
The report also provides a link for signing up to the PDP progress newsletter.
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