PDP issues call for feedback on voluntary connection framework for small pension schemes to pensions dashboards ecosystem
The Pensions Dashboards Programme (PDP) has published guidance detailing the framework for voluntary connection to the pensions dashboards ecosystem. The guidance establishes eligibility criteria for schemes with 1-100 active members to apply for voluntary connection, requiring UK registration and administration. Upon connection, schemes will be subject to the same legal obligations as mandatory participants, with the Pensions Regulator overseeing compliance. However, the process for voluntary connection application is currently in development and is set to be updated based on consultation with industry. The PDP is therefore seeking industry feedback on voluntary connection to help inform the application process and the timeline for voluntary connections. The PDP asks industry to share their thoughts and interest in connecting voluntarily by reading the guidance and completing the feedback form. The formal launch date of the application process for voluntary connection is set to be informed following industry engagement.