Pensions dashboards: Regulator issues films highlighting their importance

As part of its campaign to get the pensions industry dashboard ready, the Regulator has issued a series of short films highlighting the difference pensions dashboards will make to savers.

Whilst 80 per cent of schemes say they are on track to connect in line with dashboards by the “connect by” date, 25 per cent still hold some form of non-digital dashboard data, and many schemes hold out-of-date information on the value of savers’ pensions.

In the films, savers are consistent in their view that information about their pensions in one place could make a significant difference to their retirement planning, not only in enabling them to track their pensions but help to find lost memberships and better plan for their future.

Trustees are encouraged to use the time before their connection date to:

• Start preparing data now to ensure it is accurate, accessible and digital.
• Download the Regulator's checklist to stay on track with its preparations.
• Nominate a dashboards contact through the Regulator's Exchange portal for communications and guidance.
• Work with their administrator, AVC providers, and others supporting their scheme.
• Keep a record of decisions and preparations while maintaining oversight at board meetings.