Pensions Dashboard should be a basic right says NOW: Pensions

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For immediate release: 17 May 2017

Workplace pension provider NOW: Pensions today welcomed the announcement that the ABI Pensions Dashboard project will continue its development phase and calls to make all pension savings available to view in one place.

Adrian Boulding, Director of Policy, NOW: Pensions said: “In today’s digitally connected world it should be a basic right for everyone to go to a Pensions dashboard and see all the value of all their pension savings in one place”

“The Conservatives planned new Data Protection Bill would be an ideal vehicle for the next Government to make this happen and we would expect the concept to have cross party support”

“Trying to plan your financial future when you can only see part of the picture is a hopeless exercise so having all pension entitlements on the consumer’s dashboard is vital”

“NOW: Pensions is part of the ABI led project, which has delivered a prototype that proves that the pensions dashboard is practical.  However, it will need legislation to get all pension entitlements shown on it”.

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For further information:

Cheriton Lee

NOW: Pensions

Tel: 0203 826 1464

cheriton.lee@nowpensions.com

 

Lauren Roberts

Lansons

Tel: 0207 566 9760

laurenr@lansons.com

Notes to editors

NOW: Pensions www.nowpensions.com @nowpensions

NOW: Pensions is one of the UK’s largest workplace pension providers with over a million members and tens of thousands of employers from a wide range of sectors. A company wholly owned by Danish pension scheme ATP; one of Europe’s largest pension funds. NOW: Pensions entered the UK market in 2011 with a simple and cost effective workplace pension designed specifically with the auto enrolment market in mind.

NOW: Pensions was one of the first providers to achieve independent assurance of scheme quality in accordance with the master trust assurance framework (AAF02/07) introduced by The Pensions Regulator in conjunction with the Institute of Chartered Accountants in England and Wales (ICAEW).

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NOW: Pensions is supportive, easy for our employees to understand and uncomplicated in terms of its implementation. Its structured approach removes the complicated investment choices & makes auto-enrolment a straightforward and simple process. — Mark Manaton, Managing Director, Blue Arrow Group
I am backing NOW: Pensions, the ATP project, because I believe it will encourage transparency, low costs and decent returns for millions of British employees. — Nigel Waterson, former Shadow Pensions Minister
“We were impressed with the simplicity of its scheme. The ease of implementation was also a big plus for us and has removed much of the administrative headache.” — Neil Tune, HR director at Fitness First
Over a short period of time, NOW: Pensions has established itself as a respected and credible player in the UK workplace pensions market attracting thousands of employers and hundreds of thousands of members. Joining the team at such a crucial time… — Jocelyn Blackwell, Founder of Dunnett Shaw and Raising Standards in Pensions Administration
Why do we insist on having a choice of fund manager when the evidence shows there is usually no benefit to be gained…and there is always a negative impact in terms of cost? — Anthony Hilton financial editor of the Evening Standard writing in Pensions World, June 2013