Smart Data Schemes

UK Smart Data Roadmap

UpcomingOpen FinanceEurope

The UK's Smart Data initiative extends open banking principles to other sectors including pensions, investments, energy, and telecommunications. It aims to give consumers control over their data across multiple industries. Use this page as a working reference when you compare banks, products, and regulatory timelines.

🌍
Jurisdiction
United Kingdom
📅
Effective Date
2025
Jan 1, 2025
✅
Full Compliance
2027
Jan 1, 2027
🏛️
Regulator
BEIS

Overview

The UK's Smart Data initiative extends open banking principles to other sectors including pensions, investments, energy, and telecommunications. It aims to give consumers control over their data across multiple industries.

Scope & Coverage

PensionsSavingsInvestmentsInsuranceEnergyTelecoms

Key Requirements

1
Cross-sector data portability
2
Pension dashboards
3
Open Finance framework
4
Consumer data rights

Key Notes

Pension dashboards expected to launch. Open Finance regulatory framework under development.

Official Resources

Related Regulations

Other open banking frameworks in Europe:

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