UK pensions dashboard launch pushed back to 2023
‘Every delay risks letting down a generation of savers’
‘Every delay risks letting down a generation of savers’
Inconsistency of data and information compliance could be the next big headache for the sector
And collective defined contribution schemes in Queen’s Speech
It will remove the headache of tracking down old plans to help make retirement decisions
But all providers will be required by law to make information available
Calls to set up an independent government body with ‘clear statutory remit’ to protect consumers
But governance, compulsion, regulation, the timetable and funding questions remain
Grasp the issues the dashboard raises for advisers and learn what would make it a success
Dashboards – plural – could be a game changer, as pensions cold-calling in the UK takes a big step towards oblivion
Government ready to support the initiative
A petition fighting plans to scrap a dashboard that would bring together information about UK pensions has garnered nearly 85,000 signatures of support in just six days.
British insurer Aviva is in talks to team up with social media giant LinkedIn to create a scheme to track millions of forgotten pension pots.