Sir Hector Sants, chair of Maps, said: “It is vital that people are equipped with the tools and knowledge to engage with their pensions and plan for retirement. This group represents a great blend of the expertise needed to ensure the successful delivery of revolutionary pensions dashboards.”
The government confirmed in December it will introduce multiple pension dashboards, with the first one, developed by Maps, expected to launch in 2019.
The IDG will set out a timetable for other fully operational dashboards, as well as setting standards and ensuring security across the portals.
But the industry is still waiting for the Pensions Bill to pass through parliament so legislation for the pensions dashboard can be published.
In the Queen’s speech on October 14 the government will list the main bills to be introduced during the parliamentary session but it remains to be seen whether the Pensions Bill will make the cut.
When asked whether it had put forward the Pensions Bill for consideration a spokesperson from the department for Work and Pensions declined to comment but said it would be put forward at the “earliest opportunity”.
The bill includes rules governing the pensions dashboard as well as measures to introduce increased powers for The Pensions Regulator and collective defined contribution schemes.
What do you think about the issues raised by this story? Email us on email@example.com to let us know.