“Pensions Dashboards are back in the limelight with the passage of the Pensions Bill through Parliament and now further clarification on the Pensions Dashboards Programme pathway from MaPS.
“The next six months will move the project forward – with procurement of the digital architecture, identity verification, publication of data standards, and development of an onboarding strategy being key practical elements. These will be followed by work on other areas such as liability, consumer protection and redress.
“Origo has continued to work closely with our development partners since the original prototype project right through to now and stand ready with well formulated technology and service model to support rapid progress.
“We are pleased to see that digital architecture procurement is the next step being taken, with the process starting by the end of this year. The digital architecture is the cornerstone of the dashboard as it is crucial to integration for participants, for testing and to support the provider onboarding exercise. It allows also for other key areas which go hand-in-hand with it, such as digital identity and data standards, to move forward.
“That MaPS has stated categorically that it will be taking a user-centric approach – focussed on making Pensions Dashboards easy to use and understand, reliable, consistent and secure – will also ensure consumer outcomes will be front of mind for all companies and organisations involved in developing the dashboards.
“The pensions industry and FinTechs have made great strides over the past few years in developing and progressing the architecture and services needed to build the dashboards. Proof of concept and working prototypes integrating the key technologies and showing how digital identity verification, delegated access and data enrichment may be integrated, have already been delivered, which hopefully can feed into the next stage of the MaPS pathway, accelerating this stage of the process to help make dashboards accessible to individuals as soon as possible.”
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