Pensions Dashboards Programme appoints Capgemini to supply central digital architecture
- The Pensions Dashboards Programme appoints supplier of central digital architecture
- Capgemini with Origo will deliver the pensions finder service, consent and authorisation service and governance register
- Major landmark reached as PDP enters develop and test phase of programme
The Pensions Dashboards Programme (PDP) signed a contract with Capgemini for the delivery of its central technical architecture. Over the coming months Capgemini will deliver the pensions finder service, consent and authorisation service, and governance register, which will form a key part of the pensions dashboard ecosystem.
PDP is delighted to award the contract to Capgemini, who will partner with Origo to deliver the specified elements of the central digital architecture. Its bid was successful due to its quality and value for money, plus the credibility and expertise of both parties to deliver the contract.
The procurement followed an extensive period of engagement, with both the pensions industry and potential suppliers, which shaped the development of the technical requirements. This included several market engagement exercises and webinars to explain how the digital architecture will work and the policy background to the programme.
The five-month procurement started with the invitation to tender in April this year. The open and transparent process, used Lot 4a (Programmes and large projects – covering Government official security classification) of the Crown Commercial Service Technology Services 2 framework agreement. This approach complies with all necessary government spend controls and provided a speedy, effective method to procure the digital architecture.
The successful conclusion to this procurement marks the end of the first phase of the Pensions Dashboards Programme, and is a major step towards bringing pensions dashboards to life. The programme now moves into its develop and test phase, as indicated on the PDP programme timeline. The focus now shifts to building the software elements that will make pensions dashboards work and testing the ecosystem, with the volunteer organisations that have signed up to be part of the testing phases.
Richard James, Programme Director of the Pensions Dashboards Programme at MaPS, commented:
“Today’s announcement of a digital technology supplier marks the moment when dashboards move off the drawing board, and become real. I’m delighted to partner with Capgemini and Origo, who really impressed us with the quality of their bid; and whose deep pensions industry expertise coupled with extensive experience of delivering major programmes makes them superb partners for the programme. PDP now formally moves into its delivery phase, and I am looking forward to working with our new supplier, and across the industry, to make a success of pensions dashboards, and enable individuals to take control of their retirement planning.
Paul Margetts, Managing Director of Capgemini in the UK
“We are delighted to have been chosen as the digital technology partner to build the core architecture and support the significant milestone of bringing pensions dashboards to life. We believe our success is founded not only upon our expertise and deep capabilities but also through our strategic collaboration with Origo, who is dedicated to improving the financial services industry's operating efficiencies. We are looking forward to working with the Pensions Dashboards Programme to support them in delivering a seamless service that will allow UK pension holders the control and visibility to take action and plan for the future.”
Anthony Rafferty, CEO Origo says:
“Origo has been fully committed to progressing pensions dashboards from the day the project was announced. Our 30-year history has been about delivering ground-breaking technology to make financial services more efficient and cost effective, and improve outcomes for savers and investors. We are delighted to be partnering with Capgemini to build the core architecture of pensions dashboards and working with PDP to help deliver the service for the benefit of UK pensions holders.”
Guy Opperman, Minister for Pensions, added:
“This is a crucial milestone for the dashboards programme, taking things to the next phase, where the concept starts to become a reality. We’ve already put in place the primary legislation needed to pave the way for pensions dashboards. Now the programme, in partnership with Capgemini and Origo, can start to implement the technical elements, bringing the delivery of the first functioning dashboards even closer.
I have previously urged pension schemes to get their data ready for dashboards. My message remains – schemes should be improving their data quality as part of their preparations for participating. The clock is ticking and this achievement is yet another reminder that schemes must be getting ready to connect.”
Keep up to date with programme updates and future call for inputs by signing up to receive the monthly Pensions Dashboards Programme (PDP) newsletter, and following PDP on Twitter and LinkedIn
About the Pensions Dashboards Programme
The Money and Pensions Service (MaPS) has established the Pensions Dashboards Programme (PDP) team, led by Principal Chris Curry, to design and implement the ecosystem that will make pensions dashboards work and which will enable individuals to view all their pensions data via their chosen dashboard. Pensions dashboards will enable individuals to access their pensions information online, securely and all in one place, thereby supporting better planning for retirement and growing financial wellbeing. Dashboards will provide clear and simple information about an individual’s multiple pension savings, including their State Pension. They will also help them to reconnect with any lost pension pots.
The Pensions Dashboards Programme has its own website where news, blogs and reports will be published regularly – https://www.pensionsdashboardsprogramme.org.uk/
MaPS’ role in developing pensions dashboards
Government has committed to facilitating the pensions industry to develop this initiative and have given specific responsibilities to the Money and Pensions Service (MaPS) which include:
- Bringing together a programme team to lead the implementation of pensions dashboards
- Appointing an industry steering group to set the strategic direction of the programme
- Beginning work to create and run a non-commercial pensions dashboard – the MaPS Dashboard.
About the Money and Pensions Service
The Money and Pensions Service (MaPS) is here to ensure every person feels more in control of their finances throughout their lives: from pocket money to pensions. When they are, communities are healthier, businesses are more prosperous, the economy benefits and individuals feel better off. MaPS delivers free and impartial money and pensions guidance to the public through the Money Advice Service, The Pensions Advisory Service and Pension Wise.
MaPS is working to make sure the whole of the UK understands that financial, physical and mental health are all deeply connected. MaPS’ role is to connect organisations with the shared purpose of achieving the five goals set out in the UK Strategy for Financial Wellbeing.
MaPS supports innovation so that everyone can use the most effective methods to help people feel more in control of their money, targeted to those most in need and inclusive of people from all backgrounds. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP).
For further information visit www.maps.org.uk. Members of the public can get free guidance about their money and pensions via:
www.moneyadviceservice.org.uk / 0800 138 7777
www.pensionsadvisoryservice.org.uk / 0800 011 3797
www.pensionwise.gov.uk / 0800 138 3944
Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organisation of 290,000 team members in nearly 50 countries. With its strong 50 year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fuelled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of €16 billion.
Get The Future You Want | www.capgemini.com
Origo is the FinTech company dedicated to connecting the financial services marketplace for the benefit of everyone. Boosting efficiencies, improving performance, and reducing integration costs, while significantly improving financial outcomes for consumers. For more information: www.origo.com