Legal & General has become the first major pension provider to pass integration testing with the Pensions Dashboards Programme ahead of the April 2025 launch.
This follows the Government’s Pension Schemes Act 2021 and Pensions Dashboards Regulations 2023, which require pension providers to connect to the dashboards and authorise the Money and Pensions Service (MaPS) to set dashboard standards.
In June 2023, former pensions minister Laura Trott announced a revised strategy for the Pensions Dashboards Programme, allowing for greater industry cooperation and flexibility. The ministerial statement said that the connection date of October 31, 2026 will still apply but dashboards may become publicly accessible earlier.
Additionally, a March 2024 ministerial statement outlined a timetable for pension schemes and providers to connect to the pensions dashboards ecosystem, urging them to follow the guidance to meet the 31 October 2026 deadline.
Legal & General managing director of workplace savings for L&G Retail Katharine Photiou says: “We’re delighted to announce that Legal & General is the first major pension provider to successfully pass through integration testing with the Pensions Dashboards Programme. This is a huge milestone for our business and the industry, as we pave the way for industry connections to start from April 2025. The long-awaited dashboard is going to be transformative in improving member outcomes and we look forward to continuing to work with the programme as this progresses.”