Pension Dashboard 

Govt still on fence over dashboard state pension inclusion

Govt still on fence over dashboard state pension inclusion

The government hasn’t decided if the pension dashboard will include state pension data, Guy Opperman has revealed

The pensions minister said the Department for Work and Pensions (DWP) had been considering "whether state pension data should be available alongside private pension information" as part of its feasibility work into the project.

Many pension experts have said the inclusion of state pension data was vital for the success of the project.

In a written answer to Parliament, Mr Opperman added people can access the online 'Check your State Pension' service to get a forecast of their state pension, "where they can get information about how they may be able to improve it, as well as view their National Insurance contribution record".

This service has provided more than 10m online estimates since its introduction in 2016, he added.

The pension dashboard is supposed 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 week it emerged the DWP didn't hold information on how much it would cost the government to deliver the pension dashboard project.

Government officials also don't know what the bill would be for setting up a system - or adapting the existing ones - to migrate state pension data into the dashboard.

Last month the government said it would let the industry take lead on the project and shied away from committing to force providers to submit client data.

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.

maria.espadinha@ft.com

Comments