Pensions - Articles - Pensions dashboard to be debated in Parliament

Anna Rogers, Partner at ARC Pensions Law. comments on the Pensions dashboard that is to be debated in Parliament

 “The dashboard really needs to happen if the government wants people to save enough for a decent retirement income. We can’t stop pensions being confusing and a turn off but we can make it easier to get all the information in one place and that would surely help.

 "The practical difficulties are not to be underestimated and occupational schemes are struggling to improve their own data quality. However, if the risks are to be transferred to individuals then we have to support them in making the right decisions, not just over 55 but earlier in their working life when savings decisions have the biggest long term impact.”

 “Official petitions with over 100,000 signatures have to be considered by the Government for a debate in Parliament. This is on the 38 Degrees campaigning platform, so someone needs to start one through official channels. About two thirds of all petitions get rejected as not suitable for Government action, and it seems that less than 5% have actually been debated in Parliament, but this one seems eminently suitable, with Ministers disagreeing and an important policy objective.”

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