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UK pensions update: TPR data and AI strategy, DC consolidation, dashboards progress, DWP response to Virgin Media s.37, plus key dates, alerts and trackers - 6 March 2025

Published on: 06 March 2025

Published by a LexisNexis Pensions expert
Legal News
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Article summary

In this issue:

  • Trustees, governance and administration
  • Types of private sector pensions
  • Pensions dashboards
  • Scheme amendments
  • New content
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

Trustees, governance and administration

TPR publishes data strategy and calls on pension industry to improve data management

The Pensions Regulator (TPR) unveiled a data strategy on 3 March 2025 to raise data standards across the pensions industry, tasking schemes with improving data practices to deliver better outcomes and support the wider market through greater efficiencies, accelerated innovation and a reduced regulatory burden. Sitting within TPR’s overarching digital, data and technology (DDaT) strategy, issued in October 2024, it maps out a collaborative and adaptable five-year plan to promote uptake of modern technologies and data standards. Focusing on the data elements of the DDaT agenda, the strategy requires stronger approaches to data handling and digitisation, aligning with TPR’s broader programme to reshape how both TPR and the industry operate, drive innovation and benefit savers. In doing so, the strategy seeks to improve regulatory compliance, stimulate innovation and strengthen the effectiveness of the pensions landscape. It supports TPR’s transformation agenda to boost outcomes, efficiency, innovation and reduce burden...

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