Pensions dashboard should be voluntary, TPR chair

Calls for steering group to oversee project

clock • 2 min read

Pension providers should not be forced to provide customer data for a new pensions dashboard, the chair of workplace pensions regulator the Pensions Regulator (TPR), has said.

Speaking at a conference in London on 16 May, Mark Boyle said it was his "personal preference" that providers volunteer their data to a "pensions dashboard" rather than be compelled to do so. Former Pensions Minister Steve Webb, now policy director at Royal London, had called on the government to step in to drive the initiative forward. But Boyle said he believed legislating to force providers to supply data to the dashboard was not currently needed, as the commitment was already in place to get the project off the ground, the FT wrote. He told delegates at the conference: "There i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read
FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read