Pensions - Articles - Pension Dashboard delay

 Aegon’s head of pensions Kate Smith, said: “It’s disappointing that the Money and Pension Service (MaPS) is still unable to set a timeline for the launch of the first pension dashboard. Delay means that pension savers won’t be able to see all their pension online in one place and therefore keep track of what they have and what more they need to do, for some time. Meanwhile the number of small pension pots continues to grow.

 The launch of commercial dashboards is dependent on the launch of the MaPS dashboard, originally expected last year. Although this timeline was unrealistic given the enormity of the task and all the moving parts, any delay will be a blow to pension savers and the pension industry which is itching to move forward. MaPS progress report on pension dashboards is expected to set out a timeline, and we await this with interest.”