Government remains committed to the Pensions Dashboard
Responding to news that at the Conservative party conference Secretary of State for Work and Pensions Esther McVey reconfirmed the Government’s commitment to the Pensions Dashboard, Anthony Rafferty, Managing Director Origo, said:
“That the Secretary of State for Work and Pensions’ has today reconfirmed that the Pensions Dashboard will become a reality is to be welcomed. This initiative is vitally important to encourage the saving and non-saving public to have a means to appraise their retirement income plans and take action where necessary."
“The technology, the plumbing, is in place to deliver a Dashboard that not only helps those who may have been saving across 30-40 years or more to pin down their pensions data in one easy to access and engage with place, but will be there for those who are in the first few years of their saving journey, and can benefit from having this information at their fingertips as early as possible."
“In the recent meeting Origo convened with 20 of the major providers to discuss how dashboard might be progressed by the industry, ‘facilitated' by government, we saw an industry that is set and willing to undertake everything necessary to make dashboard a reality. The single major element it was agreed that now needs to be tackled to give dashboard the final green light, is putting in place a suitable governance structure. Governance will determine how the dashboard moves forward."