The Financial Conduct Authority (FCA) has set out when firms will be required to provide member data to the Money and Pensions Service (Maps).
The regulator's latest policy statement on its final dashboard rules and guidance for providers - published today (1 November) - revealed most pension firms will need to have data ready for the dashboards by 31 August 2023. The regulator said its new rules require that, by 31 August 2023, FCA-regulated pension providers must complete connection of their personal and stakeholder pension schemes to Maps' digital architecture in line with Maps' connection, security and technical standards and having regard to Maps' guidance on connection. Also, providers must be ready to receive requests...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
