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Commenting on Origo’s plans to develop a pension register service with the industry Kate Smith, Regulatory Strategy Manager at Aegon said: “At Aegon, we’ve always supported the concept of a Pensions Dashboard allowing people to see all their pensions and potentially other savings in one place. |
This improves the ability to plan for retirement and in some cases will encourage transferring to consolidate all pensions in one place. We believe this is a viable and innovative alternative to the previous government’s ‘pot follows member’ initiative which should dramatically improve the public’s engagement with their pensions.
“Turning the Pension Dashboard into reality will be a massive undertaking and it’s essential that one organisation takes the lead, for example in setting technology common standards which can be used by the pension industry. Origo is ideally positioned to do this and has already demonstrated its technology ability by its pension transfer solution. We’re pleased that by the creation of the Pension Registration Service, Origo is moving the industry one key step closer to Pensions Dashboards.” |
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