Challenges include the volume of new regulations, and a range of data issues
The guidance provides a list of various data sources to help accurately identify members
Percentage of those saving for retirement has gone up by a third since AE launched
Standoff emerges as trustees reluctant to invest in platforms due to lack of engagement
The pensions industry is “optimistic” about GMP equalisation with many schemes expecting to be paying pensions on an equalised basis by the end of 2022, according to research by Sackers.
The Pensions Administration Standards Association (PASA) has published guidance on the pensions dashboard for UK schemes, trustees and providers detailing how to get ready for the project.
The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.
Karen Quinn and Rhys Williams explain how data can be used to improve pension scheme engagement.
The quality and availability of data is the “weakest link” for the pensions dashboard, according to the Society of Pension Professionals (SPP).
Employers are increasingly concerned about the costs and complexity associated with equalising guaranteed minimum pensions (GMPs), according to the Association of Consulting Actuaries (ACA).