Moved by
Baroness Bowles of Berkhamsted
46: Clause 118, page 107, line 28, at end insert—
“( ) Any regulations made under section 238A or this section which make provision for privately owned or commercial providers of pensions dashboard services to enter service must include provision about—
(a) designation of the responsible regulators for—
(i) operators of the pensions dashboards,
(ii) displayed dashboard information,
(iii) conduct relating to the use of data,
(iv) advertising, and
(v) revenue generation from the pensions dashboard service for the provider, including revenue from advertising;
(b) redress mechanisms and designation of the responsible body for claims arising from harm to users of a pensions dashboard service including for loss or improper use of data;
(c) mechanisms to mitigate the risk of fraud;
(d) rules about type of content, presentation of information, assumptions regarding predicted pension income, valuation, projections, risks and comparisons;
(e) rules about advertising on the pensions dashboard service and any revenue generated from the pensions dashboard service for the provider of the pensions dashboard service or any third party;
(f) display of charges or any commission received by the dashboard provider for any services, transfer of funds or purchases available through the pensions dashboard service, and
(g) display of the projected cash effect on expected pension income or lump sum outcomes of any services, transfer of funds or purchases available through the pensions dashboard service.”