Pensions Dashboards ResourcesPensions Dashboards Timeline
The assumed timeline is based on latest announcements from DWP, PDP & FCA. (April 2023)
Phase 0 Business Case
• Build business case
• Select PDS partner
• Obtain approvals to proceed with PDS project
Launch Timeline
Phase 1 VoP application
(ca. 6 months)
• Decide on journeys in, data export process, and initial PVSs
• Build consumer testing evidence base, including how Consumer Duty has been considered
• Devise take to market plan
• Plan ongoing support model
• Ensure UI and APIs are compliant
• Appoint expert auditor
• Undergo pre-connection audit
• Complete VoP application and
all supporting documentation
• Submit VoP to the FCA
Phase 2 Build and test
(ca. 12-18 months)
• Build core PDS and journeys before and after
• Receive PDS permission from the FCA
• Connect to the PDP CDA
• Execute extensive end-to-end testing plan and iterate PDS & journeys accordingly, including:
- data variant testing across a range of types
- scale testing by a body on invited customers
- user reactions, by segments, and next steps
• Execute take to market plan
• Build ongoing support function
• Undergo annual compliance audit
• Prepare for the Dashboards Available Point
in accordance with DWP six-month notice
Phase 3 Launch and iterate your PDS
• Launch your PDS to your customers
• Monitor live usage
• Iterate your core PDS and PVSs based on extensive user live experience and reactions when users see their pensions (and other finances) together in one place
• Develop further PVSs & notify FCA