Understanding the pensions dashboards ecosystem

Many different organisations need to work together to make pensions dashboards work, in what's being referred to as an ecosystem. Here's a simple diagram to explain it. Click the + signs for more information, and the latest position on each element.



 
Moneyhub - Employee Benefits

Ecosystem Infographic

 
Key associations representing
each layer of the ecosystem
 

1

Data Display
  • Individuals will have access to pensions dashboards from the Dashboards Available Point (DAP): the DAP will be announced by the Secretary of State in due course, giving six months notice

2

  • Providers’ QPDSs can connect once they have been authorised by the FCA from 2024 onwards (FCA’s authorisation gateway due to be open from Summer 2023)

3

  • 3A. Regulations approved by Parliament on 15 Nov 2022

    3B. QPDS Provision to be added to the Regulated Activities Order (RAO) in early 2023

    3C. Consultation on draft QPDS Rules from Dec 2022

    3D.Consultation on draft Design Standards from Dec 2022

 

4

Data Retrieval
  • Timetable for delivery of the CDA currently being reset (updated expected by July 2023)

 
 

5

Data Supply
  • Mandatory technology connections with the Central digital architecture, using either existing technology platforms / providers, or a commercial integrated service provider (ISP)

6

  • Timetable for mandatory connection to the ecosystem currently being reset (updated expected by July 2023)

7

  • 7A. Regulations approved by Parliament on 15 Nov 2022

    7B. Version 1 Standards published 21 Nov 2022

    7C. Revised projection basis published on 7 Oct 2022, in force from Oct 2023

    7D. Consultation on Compliance Policy from Dec 2022

    7E. Final Rules for FCA-regulated providers published on 1 Nov 2022