News

Pensions Dashboards: Government delays implementation

Pensions Dashboards: Government delays implementation

The government has delayed the introduction of new online pensions dashboards that will enable individuals saving for retirement to view their pension pots in one place.

The pensions dashboards system was initially supposed to take effect in 2019. However, the Money and Pensions Service (MaPS) recently outlined that a fully operational pensions dashboard system will not be in place until 2023.

According to the MaPS, development and testing of the pensions dashboard system will start in 2021.

Commenting on the issue, Chris Curry, Principal of the Pensions Dashboard Programme at the MaPS, said: ‘While some are a simple concept, the delivery of these will be complex and is reliant on collaboration between the Pensions Dashboard Programme and many other organisations across government, regulators, dashboard providers, pension schemes and providers to complete actions at a specific time.

‘The first version of the data standards, which will be published in December, will enable industry to take action and take the next steps in making pensions dashboards a reality.’

 

Should you need any assistance, we’re always on hand to help. Contact us here.

Quick Quote

A simple, hassle free way to request a quote from AP Robinson & Co.
Simply fill in the form with your contact information and a brief description of the work you want carried out and we’ll then contact you directly - either by email, text message or a phone call for a friendly and informal chat about your requirements.

Get Quick Quote
laptop image