Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
PASA publishes dashboard connection toolkit for schemes with split administration
United Kingdom | Publication | May 2025
The Pensions Administration Standards Association (PASA) has published a toolkit to help those schemes with more than one administrator connect to pensions dashboards.
All parts of a scheme should connect on the same date and compliance should be straightforward where a scheme only has one administrator. However, where a scheme has more than one administrator, including those with a separate AVC administrator, achieving compliance will require all providers to connect on the same date.
If a scheme fails to connect all parts together, this will be a breach of the regulations. However, the guidance recognises that there may be instances where this is unachievable. The regulator has said it will not normally consider such a breach significant if prompt action is taken to connect all parts of the scheme by the overall deadline of October 31, 2026.
Trustees should follow the Regulator’s breach of law guidance to consider whether they need to report such a breach.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Singapore Court of Appeal rules on moratorium carve-outs and the interactions between arbitration and insolvency regimes
In Sapura Fabrication Sdn Bhd and others v GAS and anor appeal [2025] SGCA 13, the Singapore Court of Appeal made important findings
Publication
Do your tech and outsourcing contracts address cyber incidents?
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
Subscribe and stay up to date with the latest legal news, information and events . . .