Proposed regulatory framework for pensions dashboard service firms consultation: PLSA response
This submission sets out the PLSA’s views on the FCA’s proposed authorisation regime for firms providing pensions dashboards. As well as usual criteria for firms becoming authorised, it includes rules restricting the export of users’ data to third parties, except where they are in the same group as the firm providing the dashboard. It also seeks to set the perimeter within which dashboard activity and post view services and data modellers can be provided.
We welcome the high bar set for authorisation, as this will minimise any risks savers face due to the availability of dashboard data, and help ensure users can gain the full benefit and improved outcomes these services will offer.