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Minister for pensions, Laura Trott said:
‘‘More time is needed to deliver this complex build, and for the pensions industry to help facilitate the successful connection of a wide range of different IT systems to the dashboards digital architecture.
Given these delays, I have initiated a reset of the Pensions Dashboards Programme in which DWP will play a full role. The new Chair of the Programme Board will develop a new plan for delivery.
We will ensure that the pensions industry has adequate time and the necessary technical information to prepare for any revised connection deadlines. I will provide a further update to the House before summer recess.’’
The postponement will impact pension savers, who may now have to rely on unclear pension year-end statements. This delay and no given firm timeline can also be disheartening and cause uncertainty for pension savers. However, the minister for pensions claims that people must not lose sight of the benefits of the dashboard, which will be a vital tool to help savers plan for retirement.
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ROPS
Recognised overseas pension schemes notification list Published: 20 April 2022 Emailed: 20 April 2022
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list.
There have been 16 scheme names added to the list, and eight removed. No amendments have been cited in this update.
HMRC list the updates, as follows.
Schemes added
Australia
Barkestone Fund Caudwell Super Fund Dirk Williams Trust Fund DW&LL Robertson Superannuation Fund EPD Superannuation Fund J & M Spencer Super Fund Jon Foord 2022 Super Fund Lost my wallet Superannuation Fund Minted Superannuation Fund NLJ SMSF Rachel Robinson Retirement Fund The Mortimers Superannuation Fund Yvetimus Superannuation Fund
Iceland
Lifsverk Pension Fund
India
Bajaj Allianz Life Guaranteed Pension Goal LIC’s Jeevan Akshay - VII
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