Pensions - Articles - Royal London comment on DWP Pensions Dashboard announcement

Steve Webb, Director of Policy at Royal London and former pensions minister comments on the latest Pensions Dashboard announcement from the DWP.

 ‘After months of delay, it is good news that plans for the pensions dashboard have finally been published. With workers potentially starting a different pension every time they start a new job, being able to see all of your pensions in one place will be vital. To make a dashboard work, it is vital that the government legislates to require all pension schemes and all pension providers to take part, otherwise the dashboard will be like a jigsaw with missing pieces.

 A comprehensive dashboard is likely to take several years to develop and the government needs to move quickly now from consultation mode to delivery mode. Several other countries have had dashboards for years and it is time the UK caught up’.

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