On March 2, 2023, the DWP issued a statement on the future of the Pensions Dashboard Programme (PDP), confirming that extra time is needed for its delivery. Currently, the first connection deadline is August 31, 2023, for master trusts with 20,000 or more active and deferred members. All schemes' deadlines will now change following this announcement but there are no firm amended dates yet. 
  
The DWP plans to legislate "at the earliest opportunity" to amend the current deadlines. A further DWP update will be provided to the House before summer recess on July 20, 2023, so it seems the deadlines for staging are to be pushed back at least 3 months and possibly longer.

On March 15, 2023, the PDP published FAQs concerning connection deadlines and suggesting that certain preparatory steps can be taken in advance of connection, including data cleansing, developing an approach to data matching and determining the method of connection. The Regulator has modified its existing checklist for pension schemes preparing to connect to dashboards to reflect the connection delay. It strongly advises trustees to make the most of the extra time available to ensure their scheme is dashboard-ready.

Listen to our discussion of the issue in our February 2023 webinar.
 


Contacts

Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

Industry:

Practice area:

Recent publications

digital face

Publication

Prepare for change: How businesses can thrive under the EU AI Act

On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.

Global | July 17, 2024

Artificial intelligence (AI)

Publication

Artificial intelligence and liability: key takeaways from recent EU legislative initiatives

The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.

Global | July 10, 2024

Technology
Digital concept of data flow

Publication

Generative AI: A global guide to key IP considerations

Artificial intelligence (AI) raises many intellectual property (IP) issues.

Global | July 09, 2024

Artificial intelligence (AI)
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now