Pension Dashboard  

DWP working on state pension data for dashboard

DWP working on state pension data for dashboard

The Department of Work and Pensions is working with HM Revenue & Customs to include the state pension data in the upcoming pension dashboard project, Guy Opperman has said.

In a written response to Parliament, the minister for pensions and financial inclusion said the intention was "to make this happen at the earliest possible opportunity".

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

Pension dashboards will ensure people throughout the UK have easy access to key information about what pensions they have, who manages them and what they are worth.

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

However, at the time, DWP didn’t guarantee state pension data would be included in 2019 or that legislation to force providers to reveal the size of pots will be introduced at this point.

The pensions industry has warned that without compulsion the most important pension data will not be captured by the dashboard, which could pose an unacceptable risk for consumers.

An industry delivery group, brought together by the guidance body, will set out a timetable for other fully operational dashboards, as well as setting standards and ensuring security across the portals. 

Chris Curry, director of the Pensions Policy Institute, was appointed at the beginning of this month as principal of the pensions dashboard industry delivery group.

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