Chris Connelly, Propositions & Solutions Director at EQPaymaster believes software and administration providers will have a key role in the project, especially in driving the early phases of the delivery, commenting: “While much of the Pensions Dashboard conversation has centred on the ability of providers to get their data on to the platform, administration providers will play a central role in ensuring there actually is a suitable platform for them to use in the first place.”
“We are preparing both our Compendia and recently acquired Administrator platform to accommodate provider data in time for the launch next year, as well as delivering a gold standard ISP to aggregate pots and provide true value for the consumers we service.”
The industry is taking the lead for executing the Pensions Dashboard and Equiniti is also calling for collaboration between software and administration providers, given it is these bodies that will control the interfacing of data to ISPs. Then, the pressure will be on providers to get their data in order.
Michael Lightfoot, EQPaymaster Director, represents Equiniti on the initiative. He adds, “Delivering the Pensions Dashboard will be a huge step for the industry which has already been collaborating to build the proposition.”
“It is crucial that administration and software providers come together and cooperate so that we are in the best possible position to welcome provider data and serve our members. We are already well placed to work collaboratively and deliver this initiative under the guidance of the Single Financial Guidance Body.”
“Once the administrators have built the foundation for the Dashboard, providers will have a clear scope of how they can best contribute data and the industry can take the next steps in this momentous project.”
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