Part 4: Pensions Dashboards Section 121: Information from personal and stakeholder pension schemes 137FAA Financial Conduct Authority general rules: pensions dashboards
Subject to certain exceptions (which are provided for in section 137FAB), section 137FAA(1) requires the Financial Conduct Authority to exercise its general rule making powers in section 137A of FSMA to impose requirements on certain persons with respect to the provision, by a qualifying pensions dashboard service or any dashboard service provided by the Money and Pensions Service, of pensions information. The rules must (subject to exceptions) also impose requirements on such persons with respect to assisting a qualifying pensions dashboard service or the pensions dashboard service provided by the Money and Pensions Service to provide this information.
	The requirements apply to persons authorised by the Authority and specified in the rules (see section 137FAC for the meaning of "specified authorised persons"). The intention is that the rules will apply to the person who is authorised under Part 4A of FSMA to operate a personal pension scheme or a stakeholder pension scheme.
	Subsection (2) enables rules to specify the meaning of "pensions information" in relation to a personal pension or a stakeholder pension scheme. This information may, in particular, include information about an individual’s rights and obligations under the scheme, the pensions and other benefits to which they are or may be entitled and information designed to help the individual find out if they are a member of the scheme or to understand the scheme.
	Subsection (3) provides that rules may impose requirements relating to the provision of pensions information to the individual, by authorised persons. These include the persons to whom, and the manner and form in which, information must be provided and the steps to be taken before it is provided. For example, the rules may provide that ID verification must be completed before any information is provided or that information must be in a certain electronic format.
	Subsection (4) provides that the rules may require specified authorised persons to comply with standards, specifications or technical requirements as are published by the Secretary of State, the Money and Pensions Service or a person specified or described in rules.
	Subsection (5) enables the rules to allow for the making of determinations by the Secretary of State, the Money and Pensions Service or a person specified or described in rules.
	Subsection (6) provides that rules may require specified authorised persons to provide information about the carrying out by them of their requirements under this section to the Financial Conduct Authority, the Money and Pensions Service or a person specified or described in the rules. This is for example, to confirm the accuracy of data held and to support activity to help schemes provide data to dashboards and ongoing management information.
	Subsection (7) enables rules to provide that specified authorised persons must have regard to any guidance issued from time to time by persons specified or described in the rules in complying with their responsibilities under this section.
	Subsection (8) specifies that the Financial Conduct Authority must have regard to any regulations made under 238D of the Pensions Act 2004 or any corresponding provision in force in Northern Ireland in determining what should be included within the rules.