Pensions 

Recruitment for pension dashboard begins

Recruitment for pension dashboard begins

The Money and Pensions Service responsible for delivering the pension dashboard has begun to recruit senior staff for the delivery of the project.

The body has appointed recruitment agency Hays to hire both a principal and an implementation director for the long-awaited project, which received the go-ahead towards the end of 2018. 

The new organisation, which brought together the Money Advice Service, The Pensions Advisory Service, and Pension Wise, has been tasked with creating and implementing the dashboard, while taking industry views into account. 

The role of the principal, as advertised, is to "ensure the overall success and functionality of the industry steering group (and its key stakeholders) and the dashboard digital architecture and ecosystem governance framework, taking responsibility for proposing strategic decisions including devising the business plan, deliverables, IT infrastructure, data standards, timelines."

The job will pay up to £70,000 a year for a three-day a week role.

The implementation director, who reports to the principal, can expect to take home £110,000 a year for a full-time contract. They may also receive a 10 per cent bonus. 

Both roles are set on a two-year fixed contract. 

Andrew Pennie, head of pathways at Intelligent Pensions, said: "These are two big roles to fill to ensure a successful delivery of the pension dashboard.

"Given the complexity of pensions and all the parties involved, a two-year timescale is perhaps ambitious when you look at the progress made to date and undoubted challenges which lie ahead."

The government confirmed it December it will introduce multiple pension dashboards, with the first one, developed by the Money and Pensions Service, expected in 2019.

However, it did not guarantee state pension data will be included on the pension dashboard in 2019 or that legislation for compulsion to force providers to reveal the size of pots will be introduced at this point.

Meanwhile the Money and Pensions Service is to tour the UK between April and June, carrying out various roadshows and listen to views around the country on how its strategy should be developed. 

The events will concentrate both on the centralised function of the service and the needs of the UK regions. 

Alan Lakey, director at Highclere Financial Services, said the exercise will be useful if the agency takes on what it is told.

He said: "It sounds a bit like the regular consultations where we are asked what we think and they do what they always intended anyway.

"Being open-minded, this could do some good, but we are all battered by past instances that have been futile."