Pensions minister Emma Reynolds (pictured) has said the government’s MoneyHelper Pension Dashboard service will be made available before commercial dashboards.
Reynolds added that it is too early to confirm a launch date, with the DWP previously saying it will only be announced once they are assured most pension schemes have connected and the dashboards are working well.
Pension schemes must connect to the dashboard ecosystem by October 2026 at the latest, but have been urged to connect earlier, starting from April 2025.
The FCA is expected to publish the final rules of the governance framework for commercial dashboards before the end of the year.
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Rachel Vahey, head of public policy at AJ Bell, said: “Pension dashboards will have the power to dramatically improve pension engagement. They will give people an overall picture of their pension savings, letting them know how much they have saved so far, where it is, and, importantly, how to add to it and how to get hold of it.
“It’s therefore reassuring the government is maintaining its commitment to such an important project, especially when the public finance purse strings are so constrained. We need to keep up the momentum to develop dashboards and drive this initiative to delivery.”
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