On Mar. 21, 2025, UK FCA updated the section of its Pension dashboards: how to register with the Money and Pensions Service, concerning applying for a code.
Firms must email completed code application form to FCA at dedicated email address.
Should complete all the mandatory fields in the form accurately, supply details of firm's SMF16 or alternative appropriate active SMF, submit only 1 form per FRN at a time.
Firms subject to COBS 19.11 require 1 registration code per firm reference number.
Application form does not require firm to list separate personal pensions, stakeholder pensions and deferred annuity products that it is obliged to connect under that code.
Firms that also administer occupational pension schemes subjects to requirements in Pensions Dashboard Regulations 2022 should work with each in-scope occupational scheme's trustee or manager to obtain the registration code from UK TPR.
On Jan. 27, UK FCA updated on pension provider UK MaPs registration. .
FCA issued information on how pension providers can register their connection with the pensions dashboard ecosystem provided by Money and Pensions Service (UK MaPs).
Follows UK FCA Nov. 2022 published final pension dashboard rules, see #152361.
Background
When launched, pensions dashboards will be places where consumers can securely access online information about their pensions that are not yet paying benefits.
FCA published pensions dashboard rules for pension providers in Nov. 2022.
What Pension Providers Need to Do
By Oct. 31, 2026 at latest, providers of relevant pension schemes must register with UK MaPs; connect to digital architecture operated by Pensions Dashboard Program.
Be ready and able, from date of connection, to: receive requests to find pensions, and search records for data matches; return pension information to consumer's dashboard.
Firms must have regard to guidance set out by Department for Work and Pensions (DWP), including a staged timetable for connection, guidance sets out relevant dates.
For FCA-regulated providers with 5000 or more relevant members, Apr. 30, 2025; and for such providers with fewer than 5,000 relevant members, Jan. 31, 2026.
Connect to Ecosystem
To register connection to UK MaPs pensions dashboard ecosystem, firms in scope of FCA HB rules in COBS 19.11 need a registration code generated by the FCA.
If firms connecting to ecosystem via 3rd-party organization (TPO) or integrated service provider (ISO), TPO or ISP will advise when the firm will need a registration code.
Registration codes are valid for 30 days, so firms must consider whether their Senior Management Function of Compliance Oversight (SMF16) will be available to receive it.
To request registration code must complete application form and email it to FCA.
The FCA will send out 2 codes initially, however the firm can request more than 2 in the application form if they are connecting via more than 2 TPOs or ISPs.
FCA will contact firm within 2 working days of submission of application to either issue the codes or tell the firm if there are errors or omissions in their application form.
Once firm receives registration codes, should follow guidance for connecting via a third party which will be available on Pension Dashboard Program website in due course.
Effectiveness
Connection dates for FCA-regulated firms are Apr. 30, 2025, or Jan. 31, 2026.
Mar. 21, 2025 Code Application Update
On Mar. 21, 2025, UK FCA updated the section of its Pension dashboards: how to register with the Money and Pensions Service, concerning applying for a code.
Firms must email completed code application form to FCA at dedicated email address.
Should complete all the mandatory fields in the form accurately, supply details of firm's SMF16 or alternative appropriate active SMF, submit only 1 form per FRN at a time.
Firms subject to COBS 19.11 require 1 registration code per firm reference number.
Application form does not require firm to list separate personal pensions, stakeholder pensions and deferred annuity products that it is obliged to connect under that code.
Firms that also administer occupational pension schemes subjects to requirements in Pensions Dashboard Regulations 2022 should work with each in-scope occupational scheme's trustee or manager to obtain the registration code from UK TPR.
