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”.
Notes to editors
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).