As schemes prepare for Pension Dashboards, confidence in member data is crucial for an efficient rollout especially for members with multiple pots.
Connection to dashboards will not be successful if member data is missing or inaccurate. This could result in missing pots, vast partial matches and in some cases pots being allocated to the wrong person.
MM are working with clients now to avoid last minute panic when the connections dates below arrive.
– Staging connection begins April 2025
– Majority of member records must be connected by November 2025
– October 2026 final deadline for all schemes
Please see the headlines of our whitepaper below which details average data quality across UK schemes and read our comprehensive overview of the data quality problems schemes face when preparing for the dashboard rollout.
Average scheme data quality
– 40% incorrect addresses
– 60% missing email addresses
– 21% of members gone-away from the given address
– 6% deceased members
– 54% potential Spouse identified
– 84% categorised member relationship status
Please read our comprehensive whitepaper
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