PASA has today responded to the FCA Consultation – Pensions dashboards: proposed rules for pensions providers CP22/3***
Chair of the PASA Dashboards Working Group, Rob Dodson commented:
“The FCA consultation paper, alongside the Pensions Dashboard draft regulations, provide welcomed clarity on many areas. However, there is still more to be done to support providers. In particular, the approach to mismatches and potential missed matches currently puts the onus on providers to balance their need to comply with both Data Protection regulations and these new Pensions Dashboards regulations – all with very little guidance around liability. Additionally, clarity surrounding buyout providers and the expected onboarding plans is necessary and we hope will take into account the challenges faced, especially where DB schemes may not have staged with dashboards prior to buyout.”
