Pensions Dashboard - Cleanse your scheme data now


 

Accurate Data Services is one of a panel of experts advising the Treasury Dashboard steering committee.

With the Pensions Dashboard prototype due to be ready in early 2017 and a full roll out in 2019, there is a very tight time table of events in place.

It is commonly recognised that data quality will be critical in the success of the Dashboard.

At no time since tPR issued Common and Conditional Data guidelines in 2010, has the accuracy of scheme data become so vital. In addition to the basic concept of knowing who and where your customers are, it is likely some elements of common data will be the key to security around consumers accessing the Dashboard

Conditional data (which has to some extent been ignored by many) will become far more important in delivering the information that the consumer will require.

Despite tPR guidelines, data quality issues still prevail with insufficient steps having been taken to ensure quality.

With strong commitment to the delivery of the Pensions Dashboard it falls all schemes to co-operate and provide timely and accurate data. Failures to do so may well lead to compulsion.