Pensions - Articles - ABI to lead project to deliver Pension Dashboard prototype


The ABI, in conjunction with HM Treasury, will be managing the development of the prototype of a revolutionary new service that will help consumers view all their pension savings in one place online. This is will be announced today by Simon Kirby MP, Economic Secretary to the Treasury at a 'Building the Pensions Dashboard - the vision and next steps' event, held at Aviva’s Digital Garage in London.

 The Cross-Industry Project Group will be reporting regularly to HM Treasury, who will oversee the project following the commitment in the Budget to launch a Pensions Dashboard by 2019. The Group will work together with the wider industry, Government, regulators and trade bodies in developing the prototype.
  
 As part of building the prototype, the Cross-Industry Project Group will:
     
  1.   Agree the design of infrastructure for data sharing.
    2.  
  2.   Build and demonstrate a basic working prototype using anonymised customer data and a digital ID.
    3.  
  3.   Propose potential solutions for the development of an industry-wide dashboard.
 Yvonne Braun, ABI Director of Policy, Long Term Savings and Protection, said: “Leading this Cross-Industry Project Group to deliver a prototype is a significant step forward in creating a one stop place to help savers see and understand their various pension pots.
  
 "The ABI has a strong track record of delivering complex, industry-led projects in partnership with Government, such as FloodRe to ensure affordable flood insurance for households at high risk, and MedCo, to protect customers against unscrupulous claims management companies.
  
 "Given our ageing society, it’s essential that we engage people in their long-term savings. The Pension Dashboard can help tackle under-saving as well as help savers locate lost pension pots, and empower them to get financially prepared for retirement."

Back to Index


Similar News to this Story

94 percent view State Pension as an entitlement not benefit
Majority of adults aged 66+ say that Triple Lock is affordable and fair to older generations. Around one in seven rely on the State Pension to provide
Fair play off the pitch
Male players in the English Premier League earn an average of more than £3 million per year, while their female counterparts average around £47,000. T
Why Bitcoin matters to Pension Schemes
Back in November 2024, Cartwright Pension Trusts announced its role in facilitating the first-ever UK DB pension trust investment in Bitcoin. With the

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.