Pensions - Articles - New body could be the ideal home for Pensions Dashboard

 “Scottish Widows welcomes the Financial Guidance and Claims Bill. This is a major step in simplifying money management from the perspective of the public, where the full spectrum of support will soon be found in one place.

 “The new body will also carry a responsibility for promoting financial capability more broadly. Employers, educational bodies and financial services companies all have skills and resources which can contribute to making a real difference. However, it’s important that efforts are co-ordinated and aligned to have maximum impact and this body could galvanise the resources of the nation. We believe there are a number of commonly held and damaging misperceptions in relation to pensions for example, where a ‘myth busting’ campaign championed by the new body could raise public awareness of the new body, while delivering some quick wins.

 “Scottish Widows also believes that this new body could be the ideal home for the proposed Pensions Dashboard, providing a public service dashboard, free at the point of use, and paid for through the levy which will be raised against the industry.”