Members of parliament will this week quiz representatives from the pensions industry and senior figures from financial services regulators, amid concerns over the timeline of implementing pensions dashboards.
On Wednesday 5 March, the Work and Pensions Committee will host three panels to question industry, regulators and the Money and Pensions Service over dashboards.
The committee noted at the end of February that, while no date has been confirmed for the introduction of the first dashboard, schemes and providers must have their data ready for dashboards by 31 October 2026.
“Recent news reporting has raised concerns whether this is achievable,” the committee said on its website on 28 February.
Last month, The People’s Pension called for a delay to commercial dashboards until Value for Money metrics are displayed across all pensions. The provider was responding to a Financial Conduct Authority (FCA) consultation on updating pensions regulation.
Bad scheme data quality is a major barrier to the successful implementation of dashboards, according to research by Heywood, a technology provider. Heywood found that almost a fifth of queries through the dashboards ecosystem will likely result in “possible” matches rather than confirmed matches due to “data inaccuracies”.
MPs will ask industry representatives about how ready they are to have the necessary data for the October 2026 deadline. Regulators will be questioned over how they are working with each other and other stakeholders.
The Money and Pensions Service will provide evidence on how the industry has responded to the staged connection of dashboards to industry data.
Industry representatives appearing before the committee include Richard Smith, volunteer independent chair of the Pensions Dashboards Operators Coalition, who has also authored several in-depth case studies for Pensions Expert in the Dashboards Nine-Nine series.
Kim Gubler, chair of the Pensions Administration Standards Association, Brian Byrnes, head of public finance at Moneybox, and Maurice Titley, commercial director for data and dashboards at Lumera, are also appearing at the first session.
The second session will see two representatives from the FCA and two from the Pensions Regulator (TPR) face MPs.
Sarah Pritchard, the FCA’s executive director of supervision, policy and competition, and Nike Trost, head of asset management and pensions policy, will appear alongside TPR’s David Walmsley, interim director of trusteeship, administration and DB supervision, and Lucy Stone, the business lead for pensions dashboards.
The third panel to face the Work and Pensions Committee includes the Money and Pensions Service’s chief executive officer Oliver Morley as well as Iain Patterson, senior responsible owner at the Pensions Dashboards Programme (PDP), and Kim Webb, PDP’s programme director.
