The Pensions Regulator has launched a regulatory initiative targeting 240 private sector defined benefit and hybrid pension schemes to assess how they are preparing data for connection to pensions dashboards, with a particular focus on the readiness, accuracy and timeliness of pension value data. The review comes as around 2,600 schemes are required to connect by 31 October and 75% of member records are already connected. TPR said the work will help inform discussions on the timing of the launch of the MoneyHelper dashboard. The initiative follows earlier interventions that found schemes were making good progress on member-matching data but were less advanced on value data, a bigger issue for defined benefit and hybrid schemes because they do not have existing obligations to issue annual benefit statements. TPR said schemes need pension values that are recent, within the last 12 to 13 months, accurate, and capable of being returned within legislative timescales. If a value has been calculated recently it must be returned within a few seconds. If it is out of date, schemes must calculate and return it within three days for defined contribution pensions or 10 days in all other cases.
The Pensions Regulator 2026-05-14
The Pensions Regulator launches dashboard data readiness review of 240 defined benefit and hybrid schemes
The Pensions Regulator has launched a regulatory initiative reviewing 240 private sector defined benefit and hybrid schemes’ data readiness for pensions dashboards, focusing on the accuracy and timeliness of pension value data. The work will inform discussions on the timing of the MoneyHelper dashboard launch and follows earlier findings that schemes lag on value data, which must be recent, accurate and returned within prescribed timeframes of seconds for recent values and three or 10 days for recalculations.