The Pensions Dashboards Programme (PDP) has published an updated version of its reporting standards, as the programme continues to move forward "with pace".

The document sets out the requirements on pension providers and schemes, and dashboard providers, for generating, recording and reporting data, including information for security protection, tracking performance, and helping regulators to monitor compliance with legal obligations.

Alongside this, PDP shared minor changes to its data standards and the code of connection, and provided updates to Find and View JSON schemas.

It also released a view data model, which provides more information on the structure of a view response.

Commenting on the updates, Money and Pensions Service (Maps) CEO, Oliver Morley, said: “The PDP is now moving forward with pace, as we head towards connecting wider industry to the ecosystem in 2025.

"These updated standards are just the latest piece of delivering dashboards that will make a real difference to how people plan for their retirement.”

Indeed, this is the latest in a number of recent updates on pensions dashboards, as the Financial Conduct Authority (FCA) recently published its final rules and regulatory framework for pensions dashboard service (PDS) firms, in what was highlighted as a "big step forwards".

In addition to this, The Pensions Regulator recently confirmed that it has begun contacting pension schemes to urge them to improve their data quality in the run up to pensions dashboards’ launch, warning that it “will challenge those that are not able to demonstrate how they meet [its] expectations, and regulatory action may be taken if necessary”.

The government also reiterated its commitment to pensions dashboards in a statement from Pensions Minister, Emma Reynolds, which revealed that the PDP will be prioritising work on the launch of the MoneyHelper dashboard service, before turning to the work of connecting commercial dashboard services.

However, industry preparations for commercial dashboards have continued, with four new organisations joining the Dashboard Operators Coalition (DOC), bringing the total number of members to 15.

This article was originally published on our sister website, Pensions Age.

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