After much speculation about its future, the long-awaited pensions dashboard project appears to have received a stay of execution from government. Work and pensions secretary Esther McVey has announced the long awaited project will be delivered by the pension industry. Under government plans for a pensions dashboard, savers would be able to view all of their pension savings and state pension benefits in one place. This will allow pension savers to see details of all of their defined contribution and defined benefit pensions through a single, secure online dashboard, along with a forecast of their state pension benefits.
Pensions dashboard plans handed back to industry
This 475 word blog post explains the latest developments in the pensions dashboard saga, with responsibility for its implementation now handed back to industry. Includes comments from Work and pensions secretary Esther McVey, Steve Webb, Director of Policy at Royal London, and Kate Smith, Head of Pensions at Aegon. Written on 4th September 2018.