PLSA comments on pensions dashboards timeframes update

The Pensions and Lifetime Savings Association (PLSA) comments on today’s Pensions Dashboard Update.

Nigel Peaple, Director of Policy and Advocacy at the PLSA said: “Pensions Dashboards have the potential to help everyone in the UK far better understand pensions by enabling them to see all their pensions - state pension, workplace pensions, and private pensions - on line and in one place.

“But it is an enormous task involving a complex central architecture to be built by Government, the connection of tens of thousands of pension schemes, and the identification of millions of people.

“We welcome the Government’s promise to ensure that, once the current issues with the central digital architecture are resolved, the industry will be given adequate time and technical information to play its part in this endeavour.

“Today’s announcement that the project will be delayed, apparently by several months, is disappointing but it is the right decision. The Government is wise to prioritise doing the job well rather doing it in a rush which would result in a bad outcome for the pension industry and savers.”

-ENDS-

Mark Smith, Head of Media Relations
020 7601 1726 | [email protected]