Pensions dashboard back on track
06 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 the 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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