Part 4Financial planning for retirement
F1Pensions dashboards
238AQualifying pensions dashboard service
1
A pensions dashboard service is an electronic communications service by means of which information about pensions may be requested by, and provided to, an individual or a person authorised by the individual.
2
“Qualifying pensions dashboard service” means a pensions dashboard service in relation to which prescribed requirements are satisfied.
3
Requirements prescribed under subsection (2) may, in particular, relate to—
a
what relevant and other information is to be provided, how it is to be provided and the circumstances in which it is to be provided;
b
how the pensions dashboard service is to be established, maintained and operated.
4
In subsection (3)(a) “relevant information” means—
a
information of a prescribed description about—
i
state pensions;
ii
basic or additional retirement pensions;
b
state pension information relating to the individual in question of such description as may be prescribed;
c
information of a prescribed description about occupational or personal pension schemes or a prescribed description of occupational or personal pension schemes;
d
information relating to the individual in question and particular occupational or personal pension schemes of such description as may be prescribed.
5
Requirements prescribed under subsection (2) may, in particular—
a
require the pensions dashboard service to comply with standards, specifications or technical requirements published from time to time by—
i
the Secretary of State,
ii
the Money and Pensions Service, or
iii
a person specified or of a description specified in the regulations;
b
require the provider of the pensions dashboard service to satisfy prescribed conditions;
c
require the provider of the pensions dashboard service to be a person approved from time to time by—
i
the Secretary of State,
ii
the Money and Pensions Service, or
iii
a person specified or of a description specified in the regulations;
d
require the provider of the pensions dashboard service to provide, or not to provide, information, facilities or services specified or of a description specified in connection with the pensions dashboard service.
6
Requirements prescribed under subsection (2) may include provision under which a determination may fall to be made by—
a
the Secretary of State,
b
the Money and Pensions Service, or
c
a person specified or of a description specified in the regulations.
Ss. 238A-238C and cross-heading inserted (11.2.2021 for specified purposes, 14.10.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 118(2), 131(1)(3)(a); S.I. 2022/1044, reg. 2(a)