Govt admits pension dashboard law hindered by Brexit

DWP: ‘We must still be pragmatic.’

clock • 2 min read

While there is a strong case for enacting new laws enshrining the pensions dashboard initiative the government has admitted Brexit pressures are making the process more difficult.

Speaking at a roundtable held by Which? on 20 February, Department for Work and Pensions director Julie Gillis said new legislation and compulsion, in relation to data formatting and collection, were critical to the success of the project. She also confirmed a feasibility study, first announced by pensions and financial inclusion minister Guy Opperman last October, would be released next month. Gillis said: "We've been doing research with other countries, and there is a strong case for new legislation and compulsion; especially in terms of its format and timing of data. In terms of am...

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 Pensions

Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read
HMRC repays £44m in overpaid pensions tax during Q1 2025

HMRC repays £44m in overpaid pensions tax during Q1 2025

More than £1.4bn in overpaid pensions tax recouped since 2015

Martin Richmond
clock 28 April 2025 • 3 min read