Pensions Dashboard
Pensions dashboard back on track 6 September 2018
After a period of uncertainty Work and Pensions Secretary Esther McVey has backed the pension industry to deliver the pensions dashboard which was initially set to be launched in April 2019.
It was back in July when Esther McVey first expressed her concerns about the project as she felt that it would distract from the government’s attempt to implement Universal Credit and should not be provided for by the state.
Yesterday Mcvey said “The pensions landscape is transforming and the dashboard offers a great opportunity to give people straightforward access to their pension information in a clear and simple format – bringing together an individual’s savings in a single place online.
It’s clear there is broad support for the concept of a dashboard and its potential to empower those putting money away for their futures.
By taking a leading role, and harnessing their knowledge, industry can develop a dashboard that works for pensions holders – and government will help facilitate this.”
A petition to save the dashboard has over 180,000 signatures
The Department for Work and Pensions said a feasibility study will be expected in due course.
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20 major providers discuss taking the Pensions Dashboard forward 21 September 2018
A meeting of minds was convened to discuss how the industry might deliver the Pensions Dashboard, ‘facilitated by Government’, as per the statement from the Secretary of State for Work and Pensions.
Organised by Origo - thought-leaders and developers of a Pensions Dashboard prototype who recently undertook scaled testing of its technology to 15 million citizens – a meeting took place this week with senior decision makers from over 20 major pension providers and administrators. They came together to discuss how the Pensions Dashboard could be made a reality, focusing on giving every UK saver access to the information required to make informed retirement planning decisions.
The meeting focused on examining the viability of an industry approach where the citizen is at the heart of the solution and represented the collective desire of those in attendance to take the Dashboard forward.
Key points arising from the meeting included:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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