Origo and the Pension Finder service
We must ensure that the Pension Dashboard architecture and Pension Finder service is designed primarily with the consumer in mind, therefore we are building it using open standards so any pension company can integrate with it. We are also building it to ensure that its structure is cost-effective and easy for the industry to integrate with so that as many organisations as possible can take part. And above all, it must be secure to ensure consumer data is accurate and reliable.
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Pension Finder service in practice - How will it work for the consumer
1. A consumer logs into a dashboard
2. The Penion Finder service Notification Server is configured to know the Dashboard
3. After the PFS authenticates consumer at external Identity Provider, a security token is issued to the dashboard to use when invoking the Pension Finder service 'Find' API
4. The Pension Finder service then orchestrates the Find process across all ISPs (Integration Service Providers) and Pension Providers
5. A response is sent to the Pensions Dashboard providing current state of the Find process e.g. searching 20 Providers
6. ISPs/Pension Providers invoke the Pension Finder service 'FindResponse' API with 'match/nomatch '
7. The Pension Finder service inserts matched pensions into a Work in Progress Cache
8. The Pension Finder service indicates an update to the Notification Server
9. The Notification Server broadcasts the update to the Dashboard
In 2016, we demonstrated the efforts of our endeavors. We presented a live dashboard feed using live databases to show an individual’s pension policies as well as their valuations. We were pleased to be able to show not only that the technology works but that it is able to cope with critical parts of the aggregation. That system we built and successfully demonstrated in July 2016 was able to produce secure and accurate data extracted from live test databases. The providers who viewed the demonstration included Aegon, Ageas, Aviva, AXA Wealth, Friends Life, Just Retirement, MetLife, Legal & General, Prudential, Royal London, Scottish Widows, Standard Life, Unum and Zurich.
At the end of 2016, we were selected as a Development Partner for the Pensions Dashboard Prototype project. The prototype was delivered ahead of schedule and is currently being demonstrated at various events across the UK. So what's next? We will continually work with the industry to do everything we can to help the industry meet the 2019 deadline for a fully functioning live Pensions Dashboard.
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