The Pensions Regulator will publish new guidance on pensions dashboards to support trustees and scheme managers in early May, it has revealed.

At a seminar led by the Pensions Dashboards Programme on April 27, the watchdog also said that nudge communications to all schemes would begin at least a year before their staging dates, with these being aimed at pension trustees and public service pension scheme managers.

TPR’s guidance will be updated in November once the DWP’s consultation response to regulations for the initiative has been published.

The PDP, meanwhile, plans to consult on standards that it is devising for participants, which it will share after the consultation response has been released “and policy is in a relatively stable state”, PDP principal Chris Curry said.

It confirmed that the architecture for dashboards is largely in place and will be fully connected by the end of May.

Guidance will follow draft regulations
Around 3,000 schemes fall in scope of the DWP’s draft regulations for the dashboards initiative.

The DWP is expected to publish its consultation response on the regulations early in the summer. Legislation will follow when there is space in the parliamentary timetable.

TPR policy lead Lucy Stone told the PDP seminar that a communications campaign would be launched, while the regulator will also work closely with industry in order to ensure that compliance with the initiative is achieved.

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