Did you know that UK workers have lost track of around 1.6 million workplace pension pots worth £19.4 billion? This could be reduced with the introduction of pensions dashboards.
We provided information on this in your 2023 newsletter, and we wanted to provide you with an update.
- Large schemes must be connected to the dashboards by the end of 2025, with others following in 2026.
- Testing with sample data will happen in 2024 and then with live data in 2025.
- The exact date of public availability is yet to be confirmed.
- It’s likely that not all of your pensions will be available from day one.
Visit the Pensions Dashboards website today for further information.
In the meantime, you should ensure Plan Administrators, Gallagher and Aviva have your complete and accurate personal details to help them with their data checks.
