PENSIONS DASHBOARD PROGRAMME

Rating: Compared to financial year 24/25, the NISTA/SRO Delivery Confidence Assessment rating at 25/26-Q4 remained at AMBER. This is primarily due to the following factors: The Amber rating reflects the delivery confidence assessment and findings of the most recent NISTA review held in March 2026, which noted the excellent progress made to date and found no blockers to delivery. Over the past twelve months we have made significant progress with onboarding pension schemes and providers to the central digital architecture with over 1,000 now connected, which represents over 60 million records or three quarters of those within scope; and are supporting MaPS colleagues with consumer testing for the MoneyHelper Pensions Dashboard, the first dashboard that will be made available, to demonstrate that the end-to-end service meets users' needs. In parallel, we are working with the regulators, DWP and other potential dashboard providers to develop the process and standards necessary to support other dashboards in the future. We are also putting in place transition arrangements, embedding the necessary governance arrangements, practices and procedures to manage Programme closedown and for the central digital architecture to operate as a business as usual activity.

Schedule: Compared to financial year 24/25-Q4, the project's end-date at 25/26-Q4 remained the same and is scheduled to be 31/03/2027. This is primarily due to the following factors‚ the Programme is on track to deliver its objectives by the scheduled end date of March 2027. Good progress made with the connection of pension schemes and providers to the ecosystem, citizen testing well advanced, and solid progress with the arrangements for transition and Programme closedown.

Cost: Exempt under Section 43 - Commercial interests

Source: NISTA Major Projects Annual Report 2025-26 (data)

Rating: Compared to financial year 23/24-Q4, the Infrastructure Project Authority's Delivery Confidence Assessment rating at 24/25-Q4 remained at AMBER. This is primarily due to the following factors‚ The SRO's amber rating aligns with the rating provided by the recent IPA assurance review, and reflects the good progress made with delivery since the programme exited reset last year. A number of key milestones have been delivered including HMT approval of the revised programme business case; the successful connection of our pathfinder organisations to the central digital architecture; continued good progress with the connection of our voluntary participants; and we are on track to commence citizen testing of the end-to-end service in summer 2025. The programme operates within a particularly complex delivery landscape, and there are a number of critical dependencies and risks that are being actively managed and tracked by the Programme Board.

Schedule: The project's end-date at 24/25-Q4 is scheduled to be 31/03/2027. This is primarily due to the following factors‚ The programme is on track to deliver to its scheduled end date of March 2027. All pension schemes and providers have now been given dates in guidance by when they should connect to the dashboards ecosystem, and a legal deadline of 30 October 2026 by when they must.

Cost: Section 43 - Commercial interests

Source: NISTA Annual Report 2024-25 (data)

Rating: The Infrastructure Project Authority's Delivery Confidence Assessment rating at 23/24-Q4 is Amber. This is primarily due to the following factors. This has since been confirmed by an IPA assessment in mid-April 2024, that reviewed Programme delivery confidence against the recommendations made in the two assurance reviews from early 2023. The Amber rating reflects the progress made over the year in a number of key areas including: - delivering a revised baselined delivery plan - strengthening the senior leadership including the appointment of a full-time SRO - improved ways of working with the supplier - more effective governance arrangements - significant progress made against previous assurance review recommendations - progress made in addressing capability gaps These measures have placed the Programme back on a viable footing and equipped it to meet the new single deadline in legislation of October 2026. There remain a number of risks to delivery that are being actively managed and tracked by the Programme Board.

Schedule: ARMP adjustments - Project not yet in a position to give cost/schedule

Cost: ARMP adjustments - Project not yet in a position to give cost/schedule

Source: IPA Annual Report 2023-24 (data)