The government is fully committed to the pension dashboard, and is in "daily contact with industry figures" regarding this matter, according to the minister for pensions and financial inclusion.
Speaking in Parliament today (15 October), Guy Opperman (pictured) said these contacts are being made as the government is preparing its "feasibility report and plan for the roll-out of the dashboard".
He said: "An industry led pensions dashboard facilitated by government will harness industry innovation and provide an opportunity for the pension industry to step up and take a leading role."
The pension dashboard is due to launch in 2019 and would allow savers to see all of their retirement pots in one place at the same time, giving them a greater awareness of their assets and how to plan for their retirement.
Last month, the government said it would let the industry take lead on the project and shied back from committing to force providers to submit client data.
Mr Opperman, however, refused to disclose the date by which the project will be launched, telling MPs that they will need to wait for the feasibility study, which is “pending shortly”.
So far, the Department for Work & Pensions (DWP) has spent about £100,000 on the dashboard feasibility study, which was originally tabled to be published in March, and is expected to be published shortly.
In July, it emerged that secretary of state for Work and Pensions Esther McVey had made moves to kill off the project, saying the service should not be provided by the state.
Mr Opperman said: "All members of the DWP team are completely behind the pension dashboard."
maria.espadinha@ft.com
