Ihab El Saie’s Post

There are several key challenges for Pensions Dashboards Technology, not least the raft of PDP standards to comply with. Paul Muir considers four key tech challenges here: #PDP #FinTech #Pensions https://lnkd.in/e-5WSmdV

The Office for National Statistics reports approximately 22.6 million eligible members who could potentially access the Pensions Dashboard once it launches. It's conceivable that up to one-third of this total, about 7.5 million people, might log in within the first few days alone! Requests are likely to be sporadic, and the percentage of motivated users logging onto a Dashboard in the initial weeks may be lower than anticipated. However, it's still crucial for the entire pensions dashboard system to effectively handle such significant demand, #PensionsDashboards #Pensions #PDP https://lnkd.in/euBFTMtd

October 2026 seems a long way off; that is the final deadline date for connection to the Pensions Dashboard. With data readiness, technology, testing and member communication to consider that time will fly past by. Have you started planning for the Pensions Dashboard? #pensiondashboard #pensionfusion #ITM

PASA is delighted to see today’s release of The Pensions Regulator’s pensions dashboards compliance and enforcement policy.  We recognise the principles underlying the policy demonstrate a sensible and pragmatic approach to protecting pensions savers, while understanding the new challenges dashboards bring to schemes and their administrators. Clarity on TPR’s approach in this space delivers a key step forward in schemes, supported by their advisers, being able to prioritise and ultimately meet their dashboards duties. Using clear examples of non-compliance, how this is managed by schemes and reported to and actioned by TPR, the policy crystallises some of the significant challenges facing our industry in delivery of dashboards. The non-compliance examples include areas already covered by PASA guidance, such as matching, values data and connection readiness. Now TPR’s position is clear we can extend our Guidance further in areas such as the treatment of AVCs. This is another key milestone in preparation for what will soon become the single largest channel shift in connecting people with their retirement savings in the history of UK pensions. Kim Gubler Maurice Titley Andrew Lowe https://lnkd.in/eJhDKagd.

Earlier today the Financial Conduct Authority published their 100+ page policy statement on the regulatory framework for pensions dashboard service firms. Pensions dashboards will allow consumers to find their pensions and view basic information about them in one secure place. Earlier this year, the Government changed the law to bring the new activity of operating a pensions dashboard within the FCA’s regulatory remit, meaning that a firm wishing to operate a dashboard must be or become FCA authorised, get their permission to undertake the new regulated activity and meet their requirements. The policy statement published today summarises feedback to a previous consultation on the subject as well as the FCA's response to that feedback. Policy statement: https://lnkd.in/eSB2VXpx #pension #pensions #dashboards #retirement #SPP #regulation #pensiondashboards

The Office for National Statistics reports approximately 22.6 million eligible members who could potentially access the Pensions Dashboard once it launches. It's conceivable that up to one-third of this total, about 7.5 million people, might log in within the first few days alone! Requests are likely to be sporadic, and the percentage of motivated users logging onto a Dashboard in the initial weeks may be lower than anticipated. However, it's still crucial for the entire pensions dashboard system to effectively handle such significant demand, #PensionsDashboards #Pensions #PDP https://lnkd.in/euBFTMtd

The DWP has issued new guidance for pension schemes looking to defer the deadline for connecting to pensions dashboards. In this blog, we take a look at the guidance and outline key steps for schemes. https://lnkd.in/eFJnmvSa

In the latest Pension Funds Online blog our very own Julie Yates, Director of Pensions Administration, discusses 'Dead money? Dashboard costs, is there an alternative?' https://lnkd.in/enszyDRG #pensiondashboards #blog #pensions

Digitising pension scheme data: why it’s hard – and why that’s OK   Why have we in the pensions industry been slow to digitise? Well, it’s really difficult! In this article - https://lnkd.in/dbAfnaaU, Stephen Blakesley says if we accept the problem and stop beating ourselves up, we can start to fix things. #Aptia #PensionAdministration #DigitalTransformation

👀 Pensions dashboards data readiness in numbers 🔢 In the lead up to pensions dashboards, our data experts have been busy supporting schemes to get their data ready. In total, we’ve completed over 70 pensions dashboards data readiness reports, representing over 3.2 million member records. What did we discover? Read our recent article to find out: https://lnkd.in/g9EFXkuV